Retiree (Pensionado) Visa

Retiree (Pensionado) Visa

 
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Retiree (Pensionado) Residence Visa

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Regulated by Executive Decree No. 320 of August 8th, 2008, the retiree or “pensionado” residence status requires that the applicant prove an income or pension of US$1,000 per month and $250 for each dependent.   Once the visa petition is filed before the Immigration Department, a permanent residence permit will be granted to the applicant within 4-6 months.  This is one of the fastest ways to obtain residence and resident status is granted for life.
Retiree residence program highlights:

• The is the most economical residence program
• Applicant must be aware that additional documents will be required if the pension plan is paid by a private institution.
• There are major benefits for applicant, such as:
• Import tax exemption for a new car every 2 years
• Import tax exemption for household goods worth up to US$10,000
• Multiple  tax  exemptions and  discounts  on services  in  Panama,  including  discounts  on prescriptions, restaurants, air travel and entertainment.

 

The BusinessPanama Group offers you a Complete Immigration Solution by providing you with the following services:

  • All Legal and other services for representing you before Panamanian immigration and other authorities and preparing and filing all documents
  • Incorporation of the company
  • Buying a property or starting a business
  • Relocation to Panama.

For more information, please click here to contact us.

 


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