Pensionado Visa

1. Permanent residencypossible
2. Citizenshipafter 5 years

• Permanent residency
• Citizenship 5 years
• Dual citizenship not allowed
• Language required for citizenship

Country

Panama

Program

Pensionado Visa

Local name

Permiso de Residente Permanente en calidad de Jubilado o Pensionado

Type

Retirement

Status

Active

Min stay

1 days per 24 months

Indefinite permanent residence for a foreigner with a lifetime pension of at least B/.1,000 a month from a foreign government, an international organization or a private company. A personal property purchase in Panama above B/.100,000 lowers that pension to B/.750. The balboa is at par with the US dollar.

Income requirement

$1,000/mo

Pension requirement

$1,000/mo

Application fee

$0

Government contribution

$0

Tax regime

Territorial

Regime name

Territorial tax system

Foreign income taxed

No

Capital gains taxed

Yes

Method

in country, consulate, agent

Apply from abroad

Yes

Local representative

Required

The pension must be lifetime. Spouses may add their pensions together to reach B/.1,000. Each dependent needs a further B/.250 a month, shown by extra pension or a local bank reference. A dependent child stays on a temporary permit until 25 if studying full time, and does not receive pensionado status, unless the child has a proved profound disability. Decree 320, article 201, as restated by Decree 26 of 2 March 2009, exempts this permit from article 28(4) of Decree Law 3: the B/.250 application charge and the B/.800 repatriation deposit. Ley 9 of 1987, article 6, prohibits work in Panama, with narrow exceptions for specialized services to the government, a substantial investment in a private company with labor-ministry authorization, and board membership of a company the holder has invested in. The same law grants a one-time household-goods import franchise up to B/.10,000 and a full duty exemption on one personal vehicle every two years. The permit does not need renewal. A permanent resident can lose the stay for an absence of more than two years without authorization from the Director of the National Migration Service. Naturalization is a separate application after five consecutive years of residence, or three if the applicant has a Panamanian spouse or a child born in Panama to a Panamanian parent. It requires an express renunciation of the existing nationality and a Spanish, geography, history and civics test. Panama taxes income produced in Panama, including gains on the sale of Panamanian property and securities. Foreign-source income is outside that tax.

• Short-Stay Visa for Remote Workersdigital nomad visa

1. Oct 10, 2026
   • Official page https://www.embassyofpanama.org/retire-in-panama https://www.panamadigital.gob.pa/InformacionTramite/solicitud-de-permiso-de-residente-perm…
   • Application fee (USD) 250 0

   naturalization does not allow dual nationality. Panama-source capital gains are taxed. Unpublished processing times removed (https://constitucion.te.gob.pa/constitucion-vigente/).