Benefits of Retiring in Panama

Considered to be the best retirement program in the world, the Panama Pensionado program offers retirees excellent incentives including:

• Import tax exemption for household goods
• Tax exemption to import a new car every two years
• 25% discounts on utility bills
• 25% discount on airline tickets and 30% on other transportation
• 15% discount on loans made in your name
• 1% reduction on home mortgages for homes used for personal residence
• 20% discount on doctor’s bills 15% on hospital services if no insurance applies
• 15% off dental and eye exams
• 10% discount on medicines
• 20% discount on bills for professional and technical services
• 50% discount on entrance to movie theaters, cultural and sporting events
• 50% discount at hotels during Monday to Thursday, 30% on weekends

There are many more discounted items than we have space to list here. Once you have qualified as a Panamanian resident with a pensioned visa you qualify for these benefits.

Click here to view all general requirements to qualify for a pensioned visa are listed on However, the main requirement is proof of a minimum income of $1,000 per month plus an additional USD100 for each dependent. This program is not age related provided you have a pension. Foreign residents of Panama, regardless of the type of visa they obtain, who are over the age of 55 years for a woman and 60 years for a man, are entitled to most of the retiree incentives listed above with the exception of the importation of tax free cars.

Below is a summary of the different Visa & Residency programs available in Panama. If you wish to view any specific program, just click in the Link.