Retiree Visa

The Retirement Visa does not discriminate based on age — it focuses on guaranteed income. You need to prove a lifetime pension of at least $1,000/month. The minimum required age is 25 years. This visa does not grant the right to a work permit, but owning a company is not prohibited.

Minimum income: $1,000/month. If the pension is between $750–$1,000, it can be supplemented by real estate investment of at least $100,000.

Dependents: An additional $250/month is required per dependent. Dependent children must be single and under 18, or under 25 if in university.

• Pension certificate from a government or private entity, authenticated.
• Public property registration certificate if you own property in Panama.
• Criminal background certificate from your country of origin, authenticated by the Panamanian Consulate.
• Authenticated marriage and/or birth certificates for spouses and children.

• Registration with the National Migration Service.
• Submission of all required documents, translated into Spanish if necessary.
• Payment of migration fees and repatriation deposit.

Review and approval: The review can take several months. Once approved, a temporary residence card will be issued.

15% discounts: Fast-food restaurants, medical bills (without insurance), visual or dental checks, loans.

20% discounts: Medical visits, technical or expert services, prescription medications.

25% discounts: Dining establishments, public utility bills, airline tickets.

30% discounts: Hostels (Friday–Sunday), transport (trains, buses, ships).

50% discounts: Leisure activities (cinemas, concerts, sports events), hotels on weekdays (Monday–Thursday).

Tax exemption on importation of personal belongings and vehicles upon arrival in Panama.

Completeness and accuracy of documents are crucial. Discrepancies or errors can lead to delays or rejections. Keep duplicates of all documents submitted. It is advised to maintain regular contact with Panama Contact Services throughout the process.