LOOKING FOR PENSIONADA VISA & PERMANENT RESIDENCY IN PANAMA
WE ARE PANAMA IMMIGRATION ATTORNEYS
GREAT NEWS: If you are receiving a PRIVATE OR GOVERNMENT PENSION of $1,000. per month, we can assist you to obtain pensionada visa residency in Panama.
A COMPLETE IMMIGRATION RETIREMENT & RELOCATION GUIDE
Panama is ranked No. 1 destination for retirement according to the recent New York Times article. Panama retirement visa residency program is known for its one of a kind in the world since Panama is the only country that provides many discounts and benefits to all retirees.
TOP 7 REASONS WHY YOU SHOULD RETIRE IN PANAMA?
1. Affordable cost of living
2. Security; Panama is a secure country
3. Tropical climate all year around
4. Discounts of up to 50% on many products / services
5. US dollar currency
6. Friendly people of Panama love Americans
7. Panama proximity to USA
Discover how we can guide you every step of the way to establish your new life in Panama.
BENEFITS OF RETIRING IN PANAMA
Did you know that Panama is the only country in the world that provides a great deal of discounts and benefits to retirees. Some of the benefits include:
- 15% discount on 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
ATTENTION US & CANADIAN CITIZENS:
Discover how we can guide you every step of the way to establish your new life in Panama.
Discover how we can guide you every step of the way in establishing your new life orness in Panama.
1. Panama immigration laws require that applicants must hire a Panama lawyer.
2. Our experienced attorneys can assist you to get permanent pensionada visa in Panama
3. We can assist & obtain residency in Panama even if your FBI report indicates PRIOR ARRESTS.
4. The Panama consulates in USA authenticates ( APOSTILES ) the FBI Report, Social Security Letters, etc.
5. Currently we are offering SPECIAL 10% DISCOUNT to retirees for Pensionada visa. SAVE TIME & MONEY!
FREE CONSULTATION 24/7
CONTACT OUR IMMIGRATION LAWYERS NOW FOR DETAILS AND FREE QUOTE OF PENSIONADA VISA.
EMAIL: customer@panamalegalcenter.com
TEL/WHATSAPP: +(507) 6404-0388
OUR OFFICES LOCATED IN PANAMA CITY, REPUBLIC OF PANAMA
HOW TO APPLY FOR PENSIONADA VISA?
Upon client's arrival in Panama, we'll register his passport with the immigration office and then apply for applicant's pensionada visa. The Panama immigration office, initially grants TEMPORARY PENSIONADA VISA and after about 3-6 months, grants PERMANENT PENSIONADA VISA.
WE ARE THE PANAMA TRUSTED LAWYERS AND OUR CLIENTS TESTIMONIALS SPEAK FOR ITSELF.
CONSULT WITH AN IMMIGRATION EXPERT NOW!
We have made it simple & easy for retirees to relocate to Panama. A Pensionado visa in Panama allows a person to live and retire in the country for as long as they want. The visa comes with permanent residency and offers a great deal of benefits. Simply follow our 3 steps instructions and we'd take care of the rest.
PENSIONADA VISA RESIDENCY IN 3 STEPS:
- STEP 1. GET IN TOUCH WITH US TO RECEIVE THE VISA RESIDENCY APPLICATION FORM
- STEP 2. FEDEX US THE REQUIRED DOCUMENTS
- STEP 3. TRAVEL TO PANAMA AND CLAIM YOUR PENSIONADA VISA RESIDENCY
EMAIL: customer@panamalegalcenter.com
WHY CHOOSE OUR LAWYERS?
1. We are expert immigration lawyers and have been serving retirees for the past 15 years
2. We provide FIRST CLASS SERVICE to our clients
3. We care about you and respect your privacy
4. We offer SPECIAL PENSIONADA VISA DISCOUNT (CODE 507)
CONTACT US NOW FOR A FREE CONSULTATION & QUOTE
WHY TO RETIRE IN PANAMA?
TOP reasons why PANAMA relocation should be in your mind? ;
- Panama is a secure country and crime rate is very low
- Cost of living is much lower when compared to USA
- Panama currency is US dollar
- No minimum days in Panama: Retirees can travel or live part-time in other countries without risking their residency status
- Panama proximity to US ( 3 hours flight to Miami )
- Friendly people of Panama welcome American citizens
- Tropical climate all year around
- Stress free environment to enjoy your golden year
- Enjoy beautiful beaches and lush mountain view lifestyle
Why are people retiring in Panama?
Panama is beautiful and is very affordable for retirees. Friendly people of Panama welcome Expats and Panama offers great discounts to retirees.
Where is the cheapest place in Panama to retire?
Affordable living options include El Valle, San Carlos and Chiriqui areas.
Is Panama a safe place for retirees?
Panama is one of the safest countries in Central America. That’s why it is home to thousands of expats and international businesses.
Does Panama welcome expats?
Beyond a shadow of a doubt, Panama welcomes foreigners.
Where is the best place to retire in Panama?
Panama has many great locations to retire. See our article on this subject.
How much do you need to retire in Panama?
Panama is affordable and a retired couple can live very well in Panama with less than $1,500. a month.
TOP 10 PLACES TO RETIRE
Bocas Del Toro Las Tablas Pedasi Isla Grande Taboga | Coronado Boquete San Carlos El Valle de Anton Santa Catalina |
PANAMA HEALTHCARE SYSTEM FOR US EXPATS; HOW IT WORKS
Panama health system is very good and there are modern hospitals and specialists of all kinds. Depend on your budget, you may choose the healthcare system that works for you. US expats and retirees can insure themselves with a fraction of cost when compared to US healthcare system. Retirees many choose from;
- Public healthcare: Panama’s government offers two primary health insurance options:
- 1.The public system is managed by the Social Security Fund, which covers Panamanian workers who contribute to the Social Security fund every month. US EXPATS who do not have private insurance coverage, may go to the Social Security facilities such as clinics and hospital and will be attended by medical professionals.
- 2. US EXPATS may also use a low cost public health care system provided by the Ministry of Health and is available for anyone
- Private healthcare: Many US EXPATS opt for private insurance coverage since private facilities provide a comprehensive coverage and no waiting time for a monthly premium. Premiums for private insurance plans aremuch cheaper than US health care and depends on the coverage, it may run between $100 to $500. a month.
CONTACT US TODAY IF YOU HAVE ANY QUESTIONS ABOUT INSURANCE SYSTEM IN PANAMA.
DO RETIRED AMERICANS PAY TAX IN PANAMA? The answer is NO.
- There is no income tax on foreign-sourced income
- There is no double taxation on foreign-earned income
Do retired Americans pay tax to IRS?
All US citizens and permanent residents, even those living abroad, are subject to taxation on their worldwide income. There are tax breaks that can offer relief for expat retirees, such as;
- Foreign Earned Income Exclusion (FEIE): Allows those who qualify to exclude up to $120,000 of foreign-earned income (for tax year 2023) from taxation
- Foreign Housing Exclusion: Expats who meet either the Physical Presence Test or the Bona Fide Residence Test can use the Foreign Housing Exclusion to write off qualifying housing expenses like rent, utilities, property insurance, and more
All withdrawals from post-tax retirement accounts, like Roth IRAs and Roth 401(k)s, are tax-free. Additionally, only up to 85% of your Social Security payments are subject to taxation.
PROS & CONS OF RETIRING IN PANAMA
Some of the pros include:
- Lower cost of living
- No risk of double taxation on income from outside of Panama
- Beautiful, diverse landscapes
- Great tropical weather
- Safer country to retire
- Government discounts for retirees
- High-quality healthcare
- Close proximity to the US
- Relax & stress free living
ESTIMATED MONTHLY EXPENSES TO RETIRE IN PANAMA
| MONTHLY LIVING EXPENSES | Single | Couples |
|---|---|---|
| Furnished Rental Condo in Panama City | $500 | $700 |
| Electricity | $70 | $130 |
| Water | $20 | $30 |
| Gas | $10 | $15 |
| Cleaning services | $25 | $50 |
| Internet 150 Mbps speed | $50 | $50 |
| Cellphone | $25 | $50 |
| Cable TV | $50 | $50 |
| Healthcare Insurance | $100 | $200 |
| Public Transportation | $50 | |
| Gasoline | $50 | $100 |
| Car Maintenance ( in case owns a vehicle | $100 | $200 |
| Groceries | $150 | $400 |
| Entertainment (dining out & other activities 3 times weekly) | $100 | $200 |
| Other expenses | $100 | $200 |
| Total monthly expenses | $1,500. | $1,800. |
RETIREMENT RESIDENCY REQUIREMENTS
- Minimum of 18 years of age
- A Valid Passport
- Proof of pension of $1,000. per month, apostiled & authenticated
- Original Police Report, apostiled & authenticated ( FBI report for US citizens )
PROCESS & DOCUMENTS FOR PENSIONADA VISA
YOU MUST TRAVEL TO PANAMA TO RECEIVE YOUR PROVISIONAL & PERMANENT RESIDENCY CARD. According to the immigration laws, applicants must hire a Panama lawyer to apply for pensionada visa. The following documents must be submitted:
- Notarized Power of attorney
- A valid passport
- 5 passport size photos
- Applicant must be 18 years of age or older
- Panama certificate of good health
- Authenticated ( Apostiled ) Proof of pension of $1,000. per month
- Authenticated ( Apostiled ) FBI report
CAN I BRING MY FAMILY TO PANAMA?
Panama Pensionado visa retirement program allows retirees to bring their family to Panama and become legal residents. In fact, spouse and minor children of retirees are eligible to obtain permanent pensionada residency visa as well.
Documents required for dependents of retirees:
- Apostiled Marriage certificate if applicant is married
- Apostiled FBI report of applicant's spouse
- Apostiled birth certificates of applicant's minor children
- Valid Passport of each dependent
- Five photos of each family member
- Health certificate of each dependent
PANAMA LEGAL CENTER
PANAMA TRUSTED IMMIGRATION LAWYERS
WITH US, YOU SAVE TIME & MONEY, PERIOD.
EMAIL US TODAY: customer@panamalegalcenter.com