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Tourist Pensioner - Retirees living in Panama as Permanent ResidentsThis permit may be requested by foreigners who receive a retirement pension from the foreign government, international organization or private company, who come to Panama with a view to residing here and have sufficient means to cover all their expenses, as well as those of their dependents. The monthly income or pension can be no less than One Thousand Dollars (US$1,000.00) per month and must be "for life". Where the applicant can prove that they have purchased a property in their personal name in Panama for at least One Hundred Thousand Dollars (US$100,000.00), then the pension may be for Seven Hundred and Fifty Dollars (US$750.00). Requirements:In addition to the general requirements referred to in Article 28 of the Law, without the number 4, the applicant shall submit the following documents:
Note: All documents issued overseas (that were not issued in Panama) must be duly authenticated by the Panamanian Consulate or Embassy in the country where issue and by the Ministry of Foreign Affairs in Panama or duly Apostilled. In the case of spouses, they may opt to prove the income required in point 1 with both pensions, in which case both parties must provide all documentation requested as proof of pension. In the case of dependent children, they shall receive temporary permits until reaching twenty five (25) years of age, so long as they prove that they are studying. However, they shall not have the right to permanent residence or be considered Pensioners. In the case of dependent children with a permanent serious disability, duly evidenced, an exception shall be made. Fees & Costs of the Pensionado Visa (see link). Benefits of the Pensionado Visa:Panamanian law also grants retirees a very good tax exemption package including:
For more information regarding Immigration Services, please contact Beth Gray. You may send an email to immigration@lawyers-abogados.net
Last modified 08-Jul-2009 10:04 -0400 |
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Copyright - Disclaimers - Privacy Statement Copyright © 2000 - 2009, Beth Anne Gray J. For questions or comments, please write to the webmaster Last modified 03-Jul-2009 17:41 -0400 |