Panama Pensionado Visa — Residency Program
🏠 OVERVIEW
Country
🇵🇦 Panama
Program
Pensionado Visa
Local Name
Visa de Pensionado
Type
Retirement
Status
Active
Min Stay
1 days
per 24 months
One of the world's most popular retirement visas, granting immediate permanent residency to retirees with a guaranteed pension of at least $1,000/month. Extensive retiree discounts on utilities, transport, entertainment, and medical care.
💰 FINANCIAL REQUIREMENTS
Income Requirement
$1,000/mo
Pension Requirement
$1,000/mo
Application Fee
$250
📋 ELIGIBILITY
Min Age
18+
Criminal Record Check
Required
Health Check
Required
Health Insurance
Not required
💼 WORK RIGHTS
Employment
Not allowed
Self-Employment
Not allowed
Own Business
Allowed
Work Permit Included
No
👨👩👧 FAMILY & DEPENDENTS
Dependents Allowed
Yes
Spouse Included
Yes
Max Child Age
18
Parents Allowed
No
Extra per Dependent
$250
💰 TAX DETAILS
Tax Regime
Territorial
Regime Name
Territorial Tax System
Foreign Income Taxed
No
Capital Gains Taxed
No
🏆 PATH FORWARD
Permanent Residency
Yes
Dual Citizenship
Allowed
Citizenship
Yes
Years to Citizenship
5 years
Language Required
Yes
🌍 BENEFITS & MOBILITY
Bank Account
Can open
Property Purchase
Allowed
Public Healthcare
Access granted
📝 HOW TO APPLY
Method
in person
Processing Time
30–90 days
Apply from Abroad
No
Local Representative
Required
📝 NOTES
Income requirement reduces to $750/month with a $100,000+ property purchase in Panama. Pension must be guaranteed and lifetime (government, military, corporate, or annuity). Extensive retiree discounts: 50% off entertainment, 30% bus/train, 25% utilities, 15% hospital bills, 10% prescriptions. No work permitted but can own companies and receive passive income. Spanish and civics test required for citizenship.
📋 ALSO IN PANAMA
Panama also offers a digital nomad visa for remote workers:
- Short-Term Visa for Remote Workers (digital nomad visa)