Panama is being hailed as the number one retirement destination in the world by retirement experts and magazines world over. Panama has many advantages, which appeal to retirees all over the world. It’s safe, it’s relatively inexpensive and it has some beautiful locations. Following are some of the benefits available to retirees who wish to relocate to Panama:

We can obtain your pensionado retirement visa for just $800 for an individual. Contact us for more information.

• Depending on the property, property taxes will not be levied for 20, 15, 10 or 5 years.
• Attractive discounts on prescription drugs and healthcare services. You will get 15% discount in hospital and private bills, 10% discount on prescription drugs, 15% discount on dental services, etc.,
• Retirees are also given discounts on public transport.
• As a retiree, you will get special insurance benefits.
• Retires will also get discounts on airfares, restaurants, theatres, fast food chains etc.,

Apart from the above mentioned benefits, Panama is known to be foreigner friendly. It’s easy to get Retirement visas in Panama. Panama is also known for its beaches, reliable telecommunications, modern infrastructures, and a rich culture.

No wonder it’s ranked the best destination in the world to retire.

Procedure to obtain a Panama Visa
Let’s examine some of the general rules required to obtain retirement visas to Panama

• Retirement visa applications can be made only through a Panamanian lawyer.
• All the documents you submit must be authenticated by a Panamanian consulate and a notary, or by a notary and the Apostille. Usually Apostille works faster.
• If you have children who are under 18 and if you want them to get Visas, get fresh birth certificates for them.
• All retirement visa applicants should undergo HIV tests and obtain health certificates.

Types of retirement visas available for retirees

The Pensionado Visa
This retirement visa is helpful for those retirees who get a pension from the government or private corporations and whose monthly income is not less than $500 per month. You will need to furnish the proof for your income, usually in form of pension statements.

Under this retirement visa scheme, you will get many benefits. You will get exemptions for importing your household items, cars, etc., the downside being you cannot qualify for a Panama Passport or Panamanian nationality.

Rentista Retirado (Private Income Retiree Visa)
If you do not have a monthly pension, it is still possible to retire in Panama under this scheme. Here, your retirement lump sum should be deposited for a period of five years with National Bank of Panama. The deposit should yield at least $750 per month. After five years your retirement visa will be renewed provided you renew your deposits with the National Bank of Panama. Under this scheme, you will be eligible for many types of discounts. You can also travel with a Panamanian passport. However, a Panamanian passport will not entitle you for a Panamanian citizenship.

Needless to say, Panama offers many benefits to retirees who wish to live a peaceful, happy life. Panama is rated the number one destination in the world for its inexpensive lifestyle and relatively lower crime rate.

Retire to panama and start a peaceful, enjoyable life at an affordable price.

For further information about obtaining your Panama retirement visa, please see our legal services section, or contact us for more information.

We can obtain your pensionado retirement visa for just $800 for an individual. Contact us for more information.