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 residency permit will be granted. The permanent residency permit grants the applicant an additional foreign resident permanent ID Card and the right to apply for Panamanian Nationality after 5 years.
Retiree residence program highlights:
Citizens from Asia, Middle East and Africa, kindly note that Panama's Immigration Office may have your country on a List of Restricted Countries subject to Special Requirements. For more information, please click here.
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