BENEFITS OF PENSIONADO VISA PANAMA; COMPLETE GUIDE 2025
WE ASSIST RETIREES TO OBTAIN PENSIONADO VISA
IMAGINE RETIRING & LIVING STRESS FREE IN A TROPICAL PARADISE!
RETIREMENT VISA: At Panama Legal Center, we assist retirees to obtain pensionado visa and permanent residency. If retirees receive a private or government pension of US$1,000. per month, they are eligible to apply and obtain pensionado visa. The pension could be from government pension such as social security, VA benefits or a private pension. Panama is ranked as one of the top places in the world to retire. There are many reasons retirees are choosing Panama to live out their golden years: affordable cost of living, tropical climate, discounts for retirees, modern infrastructure and natural beauty just to name a few. With discounts ranging from 15% to an incredible 50% off everyday expenses, Panama has rightfully earned its reputation as a retirement haven. At Panama legal Center, our experienced immigration lawyers provide an affordable pathway for retirees to enjoy their golden years in Panama. Here, we will cover everything you need to know about the Panama Pensionado visa program, including how to qualify, apply and obtain pensionado visa and permanent residency.
✅ BENEFITS OF PENSIONADO VISA PANAMA(Retirement Visa)
Did you know that Panama is the only country in the world that provides a great deal of benefits to retirees. Here’s the list of benefits & discounts to retirees.
✔ 15% discount on medical bills, hospitals & clinics
✔ 20% discount on pharmacy
✔ 25% discount in restaurants
✔ 25% discount on utility such as electric & water bills
✔ 25% discount on airline tickets
✔ 50% discount on cinemas & theaters
✔ 30-50% discount on hotels
✔ Tax exemption for importing household goods
✔ Tax exemption importing a new vehicle every two years
HOW TO RETIRE IN PANAMA; PENSIONADO VISA
If you are a retiree or plan to retire, simply get in touch with our attorneys and we advise you of the process and requirements of obtaining pensionado visa as well as the required documents. Our attorneys guide you through gathering the required documents as well as assist to apostille them in order to submit to the Panama immigration office for approval. The timeline for the approval of your pensionado visa permanent residency is between three to six months. Once your pensionado visa is approved, you are eligible to receive the myriads of discounts available. APPLY FOR PENSIONADO VISA PANAMA!
Requirements for Pensionado (Retirement) Visa
To qualify for Pensionado Visa, applicants must meet certain eligibility criteria and provide the required documents. The two(2) documents needed from each retiree is as follows:
1. Proof of Pension Income
Retirees must demonstrate a lifetime monthly pension of at least USD 1,000. This pension can come from a government agency, military, or a private company pension. If retiree has dependent such as wife and children under age 18, they can be included in the visa residency application and receive permanent residency as well. For each dependent, minimum pension amount increases by USD 250 per month. The pension or retirement income must be verified through authentication process or apostilling by a Panamanian consulate.
2. Police Record
Retirees must provide a clean police record from their country of residence. All police records has a time limit and is valid for 90 days. American citizens must submit their FBI report and Canadian citizens must submit their RCMP report. The police record must be verified through authentication process or apostilling by a Panamanian consulate.
CONSULT WITH OUR PANAMA IMMIGRATION LAWYERS TO RETIRE IN PANAMA!
Pensionado Visa Process
Applying for Pensionado Visa in Panama involves several important steps:
✅ Initial Consultation – Retirees can consult with our immigration attorneys to confirm their eligibility and find out the required documents.
✅ Document Preparation – Our immigration attorneys notify retirees of the required documents and how to apostille their documents.
✅ Arrival in Panama – Retirees will fly to Panama in order our lawyers can process their pensionado visa
- Provisional Residency – A provisional residency card is issued once we file retirees’ documents with the immigration office.
- Permanent Residency – Upon approval, the immigration office grants permanent residency to retirees.
How to Open a Bank Account in Panama?
Our immigration lawyers would assist retirees to open a bank account in a local bank in Panama. Panamanian banks require proof of income, Panama residency, bank references, and personal identification for account setup.
Why retire in Panama?
Panama was ranked as the best retirement destination in Latin America and one of the top in the world, according to the 2025 Global Retirement Index.
The Republic of Panama is a country located in the southeast of Central America, on the isthmus of Panama that unites South America with Central America. It borders the north with the Caribbean Sea, the south with the Pacific Ocean, the east with Colombia and to the west lies Costa Rica. Its mountainous territory is only interrupted by the Panama Canal that connects the Pacific Ocean with the Caribbean. Panama has a population of over 4 million inhabitants, with half living in the metropolitan area of its capital, Panama City. Its official language is Spanish. Its legal tender currencies are the US Dollar (USD) and the Balboa (PAB), which is pegged to the Dollar at a 1:1 ratio.
Did you know that Panama is ranked No. 1 destination for retirement according to the recent NEW YORK TIMES article. In addition, Panama is known for its very low crime, affordable cost of living, tropical climate, friendly people, spectacular beaches and a perfect destination for retirement. On top of that, Panama provides discounts to all retirees and has excellent health care system.
Why Panama Is a Top Retirement Destination?
Beyond the pensionado visa benefits, Panama’s overall lifestyle makes it a top retirement destination. Retirees enjoy a safe & secure environment, affordable living, and access to both Caribbean and Pacific beaches. Additionally, Panama’s use of the U.S. dollar and friendly people welcome expat community to settle in their new home.
BEST PLACES TO RETIRE IN PANAMA
| Bocas Del Toro – Coronado – las Tablas – Boquete -Pedasi -Isla Grande – El Valle de Anton – San Carlos – Santa Catalina – Taboga |
SUMMARY HEALTHCARE SYSTEM IN PANAMA
Panama healthcare system is excellent and there are many modern hospitals and specialists in Panama. Retirees and expats can use the Panama public healthcare system and or insure themselves with a fraction of cost when compared to US healthcare system.
✔ Public healthcare system: Panama government provides health care to retirees and residents of Panama. The public system is managed by the Panama Social Security Fund, which covers Panamanians who contribute to the Social Security fund every month. Even though Expats do not have private insurance coverage, they may utilize the public health care system such as clinics and hospital for a small fee and will be attended by Panamanian doctors & professionals.
✔ Private healthcare system: Many expats opt for a private insurance coverage since private facilities provide a comprehensive coverage and there is no waiting time. Insurance premiums for private insurance plans are much cheaper than US health care plans and monthly premiums are very affordable and run between $50. to $150. per month.
WHY CHOOSE OUR IMMIGRATION LAWYERS?
At Panama Legal Center law firm, our trusted attorneys have more than 15 years’ experience doing immigration legal services and have been assisting international clients to obtain their Panama residency. Here are some of the advantages of retaining our trusted lawyers.
✔ Licensing, Testimonials and Professional Reputation
At Panama Legal Center, all firm’s attorneys are fully licensed to practice immigration law in Panama. See testimonials of some of our clients in TESTIMONIAL page.
✔ Trusted & Expert in Panama Immigration Law
Our immigration lawyers are trusted and have more than 15 years of experience handling hundreds of immigration cases such as friendly nations visa, pensionado visa amongst others, assisting Expats to obtain their permanent residency.
✔ Strong Communication Skills
Our trusted attorneys have strong communication skills and always strive to maintain clear, timely, and professional communication throughout the immigration process.
✔ Personalized Approach
At Panama Legal Center, we recognize personalized attention is the most important factor to achieve success and we strive to provide a customized solution that aligns with client’s profile.
EMAIL: CUSTOMER@PANAMALEGALCENTER.COM
WHATSAPP: +(507) 6404-0388