Permanent Residence Permit as a Retired Pensioner

   Detalle  

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.

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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:
11. 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. Este Permiso es de forma indefinida por lo que no requerirá de prórroga.

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    Proceso  

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.

Frequently Asked Questions