Are you a retiree or pensioner looking for a safe, affordable, and warm place to enjoy your next chapter? Panama’s Pensionado program is one of the most recognized pathways for retirees to obtain permanent residency in Panama.
What is the Panama Pensionado Visa?
The Pensionado Visa is a permanent residence permit for foreigners who receive a lifetime pension from a government program, an international organization, or a private company (with supporting evidence).
Basic eligibility (income requirement)
To qualify, you must prove a lifetime pension of at least US$1,000 per month. If you include dependents, the program requires an additional US$250 per month per dependent (as applicable).
✅ Reduced income option (real estate):
If you purchase property in Panama in your personal name for more than B/.100,000, the minimum lifetime pension can be B/.750 per month.
Note: There is no “retirement age” requirement, but applicants must be 18+ and the application is filed in Panama through a Panamanian attorney.
Key documents (high-level)
Most cases typically include: a pension letter, proof the pension is for life, police clearance(s), passport copies, and local health certificate, among others. Requirements can vary depending on your pension source and family situation.
Benefits of the Pensionado Program in Panama
Holders of the Pensionado program may access statutory benefits such as:
- Import tax exemption for household goods (one-time).
- Import tax exemption to import a new car every two years (import tax only).
- 25% discount on utility bills.
- 25% discount on airline tickets and 30% on other transportation.
- 15% discount on loans in your name and 1% reduction on home mortgages for personal residence.
- Medical-related discounts (e.g., 20% doctor bills; 15% hospital services if no insurance applies).
- 50% off movie theaters, cultural and sporting events.
- 50% off hotels Monday–Thursday and 30% on weekends.
(Discounts are subject to the program rules and providers may request your Pensionado card.)
How ALF Abogados helps
We guide you end-to-end: document review, preparation and legalization strategy (apostille/consular), filing in Panama, follow-up, and practical relocation guidance—so your process is organized, compliant, and smooth.
Ready to start your Panama retirement plan?
Send us a message and we’ll confirm the best route based on your pension source, timeline, and whether you want to include dependents.
Email: ana.lorenaforgnone@gmail.com
WhatsApp: +507 6217-6703
