Panama's Second Passport Programme - Retired Investors (Personal Income
programme)
For the requirements for the Pensionado Visa, please visit this page:
Panama Pensioner Visa - Requirements
to apply for Pensionado Status.
By means of Law N°9, June 24 of 1987, Panama grants a special passport and
residence to applicants that establish a time deposit at National Bank of
Panama, provided that this deposit produces a minimum of only US$750.00 per
month in interests.
This visa is granted for a period of 5
years, extendable for equal periods, to
foreigners who earn a minimum income of US$750.00 per month derived from
interests of a fixed term deposit, held for a minimum of 5 years in Panama's
National Bank.
This visa grants a special passport and an
exemption from custom duties for the import of household goods or items for
personal use only once, up to the sum of US$10.000.
Requirements to Obtain a Special Panamanian Passport
- Certification by Banco Nacional de Panama that confirms
that the applicant receives a minimum monthly income of US $750.00 from the
interests earned by the time deposit.
- Good health certificate that indicated that the
applicant do not suffer any disease, including HIV
- Two photocopies of passport or document valid for travel
- Certificate of good conduct
- Sworn declaration
- Power of attorney
- Petition
- Six photographs
Requirements for Opening a Time Deposit Account with National Bank of Panama
- Three (3) letters of commercial references (at least two
of these references must be from banks)
- Three (3) letters of personal reference
- Two (2) photocopies of the applicant's passport
- Application Form of Opening of Account (with complete
information). This form can be obtained at any branch of the National Bank of
Panama (We will help you with this)
- Application Form of Verification of References in the
Panamanian Association of Credit (APC), independent of the nationality and the
applicant's home. This form should be completed by the applicant before an
official of the National Bank, unless she/he confers Special Power to another
person for the realization of this step (We will help you with this)
- Profile of the Client. This form should be completed by
the applicant before an official of the National Bank, unless she/he confers
Special Power to another person for the realization of this step (We will help
you with this).
All commercial and personal reference letters must be authenticated by
Apostille or by a
Consulate of Panama.
To request an immigration form, please
email
us, or
download a
word document.
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Last modified
26-Sep-2007 17:37 -0400
