Considered to be the best retirement program in the world, the Panama Pensionado program offers retirees excellent incentives including:
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.
VisaProgram |
Basic Requierement |
Benefits |
One of these options:
|
Permanent Residency, plus Right to opt for Panamanian Nationality & Passport after 8 years |
|
Retiree (Pensionado) Applicant must receive a Pension (private or public) of $1,000/ month |
Permanent Residency, duty free auto/ household and senior citizen discounts. |
|
Large Investor Applicant must invest 160K in Ca business & hire 5 Panamanian employees |
Permanent Residency, plus Right to opt for Panamanian Nationality & Passport after 8 years |
|
Reforestation Investor Applicant must invest 80K in a reforestation plantation field |
Permanent Residency, plus Right to opt for Panamanian Nationality & Passport after 8 years |
|
5 year CD deposit at the National Bank of Panama. The CD deposit must produce US$ 850.00 in interests per month. |
Passport for travel, renewable every 5 years |
|
Friendly countries Applicant must support an economical (business) or professional (labor contract) link to Panama. Applicant must come from one of the countries listed as “friendly country” (29). |
Immediate permanent residency with the option of permanent work permit. |
|
Applicant must be employee by a company within the 10% of 15% (technicians) Panamanian payroll |
After the preliminary 2 years residency and work permit the applicant is entitle to obtain a permanent residency. |
|
Applicant that invest in free trade zone areas or call center. The investment amount vary upon the free trade area |
Permanent Residency, plus Right to opt for Panamanian Nationality & Passport after 8 years |
|
Professional activities Applicant must hold a university degree for a professional activity not limited by the Panamanian constitution |
After the preliminary 2 years residency and work permit the applicant is entitle to obtain a permanent residency. |
In BusinessPanama, we have licensed real estate agents, lawyers, insurance specialists, mortgage brokers, investment advisors and other professionals to assist you on all your retirement needs.
We can help you with:
For more information, please contact us.
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