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Permanent Residence Permit as a Retired Pensioner

Enjoy retirement in a country full of culture, nature, and opportunities. Panama offers a peaceful, safe, and welcoming environment, ideal for enjoying an unparalleled quality of life in your retirement.

Intended for international retirees and pensioners.
You need a minimum monthly rent of one thousand dollars (US$/.1,000.00).
You have the option to include your dependents, spouses, and parents.
Simplified and accessible processes to start your new life in Panama.

Main Applicant
$2,000

Dependents ea
$1,200

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Detail

Who can apply?

A permit for retired foreigners looking to settle in Panama. Ideal for those with stable income from abroad who wish to live in a country with exceptional living conditions.

[ Conditions to Obtain this Permit ]

You must be a retired foreigner or a pensioner from governments, international organizations, or private companies.

They must receive a lifetime pension of more than $1,000 per month and have sufficient resources for their maintenance and that of their dependents.

Guaranteed Stability

A comfortable residence in Panama, backed by a guaranteed pension or retirement of at least one thousand balboas.

Family Members Welcome

Enhance your peace of mind by including your loved ones in this process. In the case of the children included in this process, their residency will be temporary until they turn 25 years old.

Indefinite Residence

This permit has no expiration date, giving you the opportunity to settle permanently.

Our lawyers review every detail of your application to ensure its successful approval.

Power (notarized) and Application. The power must contain the name and nationality of the applicant's parents.
Three (3) photographs.
Properly certified copy of the passport (Notarized or corresponding Authenticated).
Criminal Record Certificate - Apostilled.
Health Certificate.
Affidavit of Personal Background Form.
Certification of your status as a retiree or pensioner by foreign governments, international organizations, or private companies, certifying that you receive a lifelong pension of no less than one thousand balboas (B/.1,000.00) per month or its equivalent in foreign currency - Apostilled.
Additional economic solvency of two hundred fifty balboas (B/.250.00) per month for each dependent, which can be justified with additional pension or local bank reference.
Certificate of Public Registration of the property (if applicable).
If it is a pension or retirement from a private company, the following must be provided in addition to the requirements established in this article:
1. Letter from a foreign company managing pensions, trusts, mutual funds, insurance, or banking, certifying that it manages funds for the company or the applicant. - Apostilled
2. Certification of existence and validity of the company, which grants the pension and manages the fund. Copy of payment receipt or bank statement.

Exceptions to the Rule:

1. In the event that the applicant has acquired a property in their personal name within the national territory for an amount exceeding one hundred thousand balboas (B/.100,000.00), the pension may be for a minimum of seven hundred fifty balboas (B/.750.00).

2. In the cases of spouses, it will be possible to combine both amounts to meet the established minimum pension, which is one thousand balboas (B/.1,000.00).

3. In the cases of dependent children, their permit will be temporary until they turn twenty-five (25) years old, provided they prove that they are studying in Panama; however, they will not have the right to residency or the status of pensioner, except for those dependent children who have a proven severe disability.

4. This permit is indefinite, so it will not require an extension.

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Process

How do we work at Legalys?

Validate online that you qualify for this residency and that you have the necessary documents.
Download the requirements, a family budget, and get a free call from our team to clarify any questions.
If you include your family group, validate the supporting documents of your affiliation (Birth Certificates, Marriage Certificates - Apostilled)
Get an online quote to lock in the rate for 90 days.
We will enable your user account on our platform ORBIS so that I can upload all the documents to our cloud.
Our team will review that all your documents are appropriate to apply for this visa.
We will coordinate with you your visit to Panama or the start of your process if you are already here.
Once the process is initiated, you will have your Processing Card in your hands within 5 days.

Price

Main Applicant

$2,000

Dependents each

$1,200

All immigration fees and processing costs are included in this rate.

$400 Notary fees, forms, processing and provisional card, multiple entry visa.

$0 National Treasury Check

$0 Check to the National Migration Services

$1,600 Professional Fees.

The most competitive rates with the most experienced team in Migration.

Unlimited access to our platform ORBIS - Track the status of your application online, direct assistance available at all times.

All our rates include ITBMS taxes.

Assistance

Assistance Center

These are some common questions about Permanent Residence Permit as a Retired Pensioner

Frequently Asked Questions

What are the requirements for the Pensionado Visa in Panama?

The main requirements include: a pension or lifetime retirement of at least $1,000 USD per month from a government entity or a company of recognized solvency, an apostilled official pension letter, a valid passport, apostilled criminal background checks, a health certificate, and recent photographs.

Is the Retirement Residence Permit in Panama permanent?

Yes. The Retiree and Pensioner visa grants permanent residency from its approval, without the need for periodic renewals. It is a definitive status that allows you to live legally in Panama indefinitely.

What additional benefits does this Residence offer?

Permanent residents have access to Panamanian public health programs and can obtain Panamanian nationality after a specified period of residence.

How much should the minimum pension be to qualify for the retirement visa in Panama?

The pension must be at least $1,000 USD per month. This amount must be lifelong and come from a government entity (social security, armed forces, public administration), a private company of recognized solvency, or a certified private pension system. Temporary rents or plans with an expiration date do not qualify.

Can my partner and I combine our pensions to apply for the Retired Pensioner Visa in Panama?

Yes, it is possible to combine retirement or pension income with your spouse to reach the minimum required amount and enjoy the wonders of Panama together. Legalys evaluates the best way to structure the application during the initial consultation.

I can include my spouse in the pensioner visa of Panama?

Yes. Your spouse can be included as a dependent in the same application. They will need to provide their own personal documentation and the apostilled marriage certificate. Legalys coordinates both files simultaneously to optimize the processing times.

It is possible to include dependent adult children in the Panama Pensionado Visa?

It is possible to include children whose ages are between 18 and 25 years, as long as they are studying at an educational institution in Panama.

I can change my source of income after obtaining the permit?

Yes, as long as you maintain a stable and sufficient income that meets the established requirements for this permit.

I need to live permanently in Panama to maintain the retirement visa?

Continuous residence is not mandatory, but it is recommended not to be absent for very long periods to maintain active status. The attorneys at Legalys advise you on the recommended timeframes based on your particular situation and any changes in your lifestyle.

How long does it take to obtain the Retired Pensioner visa in Panama?

With Legalys, once the documentation is complete and correctly apostilled, you will receive your processing card and the final approval within 5 days; however, the National Migration Service may take up to a maximum of 6 months.

I can work in Panama with the retirement visa?

If you wish to establish a company and work within it, you could do so. On the other hand, if you are looking to work for an employer, it would be necessary to evaluate your particular case to determine the possibility. Essentially, this immigration category is designed for you to enjoy your retirement in Panama, not to enter the labor market.

I can apply for Panamanian naturalization after having the retiree visa?

Yes. After maintaining permanent residency as a retiree in Panama for 5 continuous years, you can begin the naturalization process to obtain Panamanian citizenship and its passport..

In some cases, this timeframe can be reduced if exceptions apply, such as family ties with Panamanians or benefits from reciprocity agreements depending on your country of origin. At Legalys, we evaluate your case for free and assist you in the comprehensive management of the process when you are ready.