In this section, we will describe the requirements for a Pensioner’s Visa. Such Visa gives the foreign pensioners such rights as non-payment of deposits or migrating rights, tax exonerations for the import of personal articles up to US$10,000.00, as well as for the importation of an automobile destined for personal use (every 2 years).

There are six different ways in Panama to get a legal resident status.

Pensioners
Investing Immigrants
Resident Dependent Immigrants
Immigrants Married to Panamanians
Immigrants by Ministry of Labor Resolutions
Immigrants with self sufficiency status

Requirements for a Pentioner Visa:

The application must be made through a lawyer with a Power of Attorney. According to the “Tarifa Legal” published from the Lawyers College of Panama (http://www.cnapanama.com/tarifa.htm) the charge for such service should range between $1,500 and $2,000.

Medical Certificate of Good Health issued by a Panamanian doctor within 3 months prior to the application.

Original Passport with a 6 month minimum validity and a full copy of the same authenticated by a Public Notary.

Four recent passport photographs.

Document certifying the pensioner’s income by foreign governments, international organizations and private companies and proof that he or she receives a monthly payment for not less than US$500.00 and that such pension is for life. In case of dependents, US$100.00 must be added to the payment for each of the dependants.

In case of pensioned or retired applicants by private companies, a document or certification issued by the respective authority crediting the existence and validity of such company will be required.

Police record from country of origin.

Evidence of dependents’ kinship (marriage and/or birth certificates).

Responsibility letter from pensioners towards each of the dependents.

All dependents must comply with all requirements requested for the pensioner.