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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 Single Rate

$2,000

Dependents each

$1,200


C O T I Z A   A Q U Í


 

  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.


  1. Power (notarized) and Application. The power must contain the name and nationality of the applicant's parents.
  2. Three (3) photographs.
  3. Properly certified copy of the passport (Notarized or corresponding Authenticated).
  4. Criminal Record Certificate - Apostilled.
  5. Health Certificate.
  6. Affidavit of Personal Background Form.
  7. 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.
  8. 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.
  9. Certificate of Public Registration of the property (if applicable).
  10. 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.


D E S C A R G A R   C H E C K L I S T



    P R O C E S S   


How do we work at Legalys?


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



    PRICE 

 

 


Main Applicant

$2,000


Dependents

$1,200



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

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

$1600 Professional Fees.

$0 Check to the National Migration Service / National Treasury

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

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

All our rates include ITBMS taxes.

  ASSISTANCE  

Frequently Asked Questions

 

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.

It is possible to include children aged between 18 and 25 years, as long as they are studying at an educational institution in Panama. There are exceptions applicable to dependents with disabilities, ensuring well-being for the entire family.

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

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




 

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