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Retired or Pensioned Program Visas - Retired
or Pensioned Program (Visa Pensionado) - Notification from the Government of Panama (link) This program allows foreigners to obtain legal residency in Panama under the condition that they are retired or pensioned. According to the Immigration Department of Panama, there is no minimum or maximum age required to qualify (you only need to provide the below described requirements / documents). The applicants' retirement income (or pension income) must be at least a LIFE TIME US$500 per month. For each dependent, the retirement income (or pension income) amount must be increased by US$100. For example, a husband with wife and one child, would need to prove a total pension income of US$700. The applicants' income must be proven by providing documentation such as a letter from the institution or company that pays the retirement or pension income. This certification must be notarized and authenticated by the Panamanian Consulate nearest you (or by apostil). Procedures for Applying for Residency: 1. Provide all required documents. 2. We will prepare the complete package of documents required, and have them ready to be presented at the Immigration department. 3. A short visit to Panama is required for your Passport Registration at the Immigration Office. You will also sign the Special Power of Attorney for our law firm to handle your immigration paperwork and to start the processing of the Pensioned Visa. No shorts, t-shirts, or sandals. 4. Our law firm submits your application for your Pensioned Visa. 5. If you do not stay in Panama, a second short visit to Panama is required for you to take the official picture personally at the Immigration department were you will then be provided with the Permanent Resident Card. Passport Registration: 1. Two (2) passport sized photographs of the applicant (and dependents - if applicable). 2. Complete immigration registration Form (POLS will provide this to Client, who only needs to complete and sign). 3. Original passport, and one (1) photocopy of passport (the original passport will be returned to the Client immediately after the registration of it). Required Documents (for Immigration processing): Documents that Client must provide (for applicant and dependents - if applicable): 1. Photocopy of complete valid passport of
the applicant (and dependents - if applicable), including the
picture page (that shows the picture, name, date of birth, passport
number, place of issue, etc.), and all other pages (all pages
of the passport). 2. Six (6) passport sized photographs of the applicant (and dependents - if applicable). 3. Certificate of Good Health, issued by a licensed Panamanian hospital or clinic, signed by a registered, licensed physician, indicating that the applicant (and dependents - if applicable) has no contagious diseases and is in good mental and physical condition. THIS MUST BE DONE DURING YOUR INITIAL VISIT TO PANAMA. Documents that Client must provide (for applicant): 4. Documentation of proof of Pension from either of the following: a. If Pension is from a Government Institution or Social Security: Client must provide certification from the respective Government institution that pays the applicants retirement or pension income, certifying that the person receives a "pension" in the amount of at least US$500 per month (plus US$100 for each dependent that wish to add if applicable) FOR LIFE. This document must be 'original', 'official', 'updated' and 'authenticated' (please check explanation of these terms below).
5. If the Pension Letter is from a Private company, then you must also provide a Certification from the Government authority that certifies that the Company that pays the pension is in good standing and duly registered. This document must be 'original', 'official', 'updated' and 'authenticated' (please check explanation below of these terms). 6. Copies of proof of pension payments (copies of pension payment checks, bank statements showing deposits, etc.) from Institution/Company to applicant. This document must be 'authenticated' (please check explanation below of these terms). 7. Police record from the country of last 5 years of residence. This document must be 'original', 'official', 'updated' and 'authenticated' (please check explanation below of these terms). 8. Marriage Certificate (for the spouse - if applicable), and/or Birth Certificate (for children under 18 years of age - if applicable). This document must be 'original', 'official', 'updated' and 'authenticated' (please check explanation below of these terms).
1. Special Power of Attorney, signed by the applicant (and dependents - if applicable), authorizing our law firm to process the immigration applications and documentation. 2. Letter of Responsibility, signed by the applicant, whereby the applicant takes responsibility for his/her dependents (if applicable). 3. Immigration Declaration Forms, to be completed and signed by the applicant (and dependents - if applicable). * Note: for authenticating documents through the Panamanian Consulate, please contact us to request the contact information of the Panamanian Consulate nearest you. - All documents that come in a language different than Spanish, have to be translated in Panama through an official certified translator in Panama. - All Passports validity should not be less than six (6) months. Meaning of terms: FEES: For Primary Applicant: For Dependents: Discounts: As a qualified "pensionado"
(retiree) in Panama, you will be entitled to: Tax Exemptions: As a qualified "pensionado"
(retiree) in Panama, you will be entitled to: Multiple Entry & Exit Visa (Optional): The Multiple Entry & Exit Visa should be applied for after or at the same time that any type of visa is applied for. The Multiple Entry & Exit Visa allows you to enter and exit the country as many times as necessary. For more information about the Multiple Entry & Exit Visa, please CLICK HERE. If you are interested in relocating to Panama, or obtaining legal residency in Panama, please contact us for a personal consultation.
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