Pensionado Visa

If you relocate to Panama the Panama Pensionado Visa allows foreigners to obtain legal residency in Panama under the condition that they have a pension income guaranteed for life regardless of age. 

Pensionado "Retirement" Immigration Program  Panama

Amazing Retirement Benefits

  • Retirement means any age if your provable  pension income is US$1,000 a month or more

  • 50% off entertainment anywhere in the country (movies, concerts, sports)

  • 30% off bus, boat, and train fares

  • 25% off airline tickets

  • 50% off hotel stays from Monday through Thursday

  • 30% off hotel stays from Friday through Sunday

  • 25% off at restaurants

  • 15% off at fast-food restaurants

  • 15% off hospital bills (if no insurance applies)

  • 10% off prescription medicines

  • 20% off medical consultations

  • 15% off dental and eye exams

  • 20% off professional and technical services

  • 50% reduction in closing costs for home loans

  • 25% discounts on utility bills

  • 15% off loans made in your name

  • 1% less on home mortgages for homes used for a personal residence

 

Tax Exemptions: As a qualified “Panama Pensionado Visa” holder, you will be entitled to:

 

  • A one-time exemption of duties (taxes) on the importation of household goods up to US$10,000 in total value.

  • 100% duty exemption on the importation or purchase of an automobile every 2 years.

Private Health Care Costs

  • up to $2,500 a year depending on the plan (couple)

Prescription Medication

  • The costs for prescriptions are low compared to the US and Canada.

 

Dental Costs

Savings as much as 50% compared to to the US and Canada

Cost of Living

The cost of living estimates for retirement in Panama vary, but generally, you can expect to spend between $1,500 and $3,000 per month to live in Panama. Your spending level will depend somewhat on where you live., mostly based on your rent or if you purchase a home.

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