Immigration - Visas
Planning to live in Panama ?
Move to Panama Corporation provides four different Immigration Visa options that will
allow you to live in and enjoy Panama. Below you will find a description of each type of
Visa and its benefits. Contact us to discuss which Visa best meets your needs.
To make the process as simple as possible, a selected group of professional attorneys
will handle all the details. To contact us, click here
allow you to live in and enjoy Panama. Below you will find a description of each type of
Visa and its benefits. Contact us to discuss which Visa best meets your needs.
To make the process as simple as possible, a selected group of professional attorneys
will handle all the details. To contact us, click here
Choose your Visa !
| 1. RETIREMENT VISA (PENSIONADO VISA) |
| 2. PRIVATE INCOME RETIREE VISA |
| 3. PERSON OF MEANS VISA |
| 4. FORESTRY INVESTOR VISA |
The Pensionado Visa has an
income requirement established
by the Panamanian Government
of US$500.00 per month and
US$100.00 additional for each
dependant. It is issued to those
who receive a monthly income
from retirement sources such as
Social Security, Government or
Private Companies.
The Pensionado Visa is the
most common Visa requested
by people from all over the
World, specially the United
States, Canada and Europe, that
plan to live in Panama on
their retirement income.
income requirement established
by the Panamanian Government
of US$500.00 per month and
US$100.00 additional for each
dependant. It is issued to those
who receive a monthly income
from retirement sources such as
Social Security, Government or
Private Companies.
The Pensionado Visa is the
most common Visa requested
by people from all over the
World, specially the United
States, Canada and Europe, that
plan to live in Panama on
their retirement income.
The Private Income Retiree Visa has an income requirement established by the Panamanian
Government of US$750.00 per month earned from a CD deposited at the National Bank of
Panama. At current rates, the deposit should be around US$200,000.00 (Keep in mind this
amount may fluctuate). The deposit must be renewed every 5 years to maintain the status.
Government of US$750.00 per month earned from a CD deposited at the National Bank of
Panama. At current rates, the deposit should be around US$200,000.00 (Keep in mind this
amount may fluctuate). The deposit must be renewed every 5 years to maintain the status.
The Person of Means Visa has three options:
1. Purchasing a property of US$200,000.00
2. Having a CD
deposited in a
Panamanian bank for two years in the amount of
US$200,000.00 (Does not need to be renewed)
3. A combination of the two options above,
purchasing a property of US$80,000.00 AND having a CD deposit of
US$120,000.00
1. Purchasing a property of US$200,000.00
2. Having a CD
deposited in a
Panamanian bank for two years in the amount of
US$200,000.00 (Does not need to be renewed)
3. A combination of the two options above,
purchasing a property of US$80,000.00 AND having a CD deposit of
US$120,000.00
The Forestry
Investor Visa is
another option for
those seeking
residency in Panama.
Two investment options are available:
1) US$40K
2) US$80K
You would be purchasing land for reforestation/investment and obtaining Panamanian residency.
In some cases, estimated Investment return might be more than $240,000.00 (tax free)
Investor Visa is
another option for
those seeking
residency in Panama.
Two investment options are available:
1) US$40K
2) US$80K
You would be purchasing land for reforestation/investment and obtaining Panamanian residency.
In some cases, estimated Investment return might be more than $240,000.00 (tax free)
Choose the Visa that best meets your needs and contact us. To make the process as
simple as possible, a selected group of professional attorneys will handle all the details.
To contact us, click here
simple as possible, a selected group of professional attorneys will handle all the details.
To contact us, click here
| Benefits |
| Pensionado Visa |
| Private Income Retiree Visa |
| Person of Means Visa |
| Forestry Investor Visa |
Import tax exemption
on Household goods
up to US$10,000.00
on Household goods
up to US$10,000.00
Yes
Yes
No
No
| Move to Panama |
| Select a category |
| Raymond & Mary - USA |
It is easy to obtain as requirements are minimum
plus this
Visa provides great benefits to those that apply
for it.
These benefits include the same Retirement
Benefits that
the Panamanian Retirees receive (discount in
prescription
drugs, utility bills, airline tickets and much
more...).
Also, when you apply to this Visa you are
entitled to "import tax exemption" of household
goods and a car. This last one every two years.
plus this
Visa provides great benefits to those that apply
for it.
These benefits include the same Retirement
Benefits that
the Panamanian Retirees receive (discount in
prescription
drugs, utility bills, airline tickets and much
more...).
Also, when you apply to this Visa you are
entitled to "import tax exemption" of household
goods and a car. This last one every two years.
| Birgit & Joachim - Germany |
| Severino y Gloria - Italy |
Some benefits according to Law No. 6 from
June 16,
1987
•Discounts on prescription drugs and health care
services
i.e., 20% on general, specialist and surgical
doctor fees,
15% on hospital and private clinic bills, 15% for
dental
services,15% for optometry services and 10%
on prescription drugs.
June 16,
1987
•Discounts on prescription drugs and health care
services
i.e., 20% on general, specialist and surgical
doctor fees,
15% on hospital and private clinic bills, 15% for
dental
services,15% for optometry services and 10%
on prescription drugs.
| Victoria, Monique & Woody - Canada |
Additional benefits......
• Discount on airfares 25%,
restaurants 25%, fast food chains
15%, movies, theatres and others
50%, public transportation (air, ground,
sea) 30%, lodging 30% to 50%,
technical and professional services
20%, closing costs for personal loans
50%, interest rate for personal loans
15%, mortgage interest rate 1%, utility
bills 25% (certain restrictions apply).
• Discount on airfares 25%,
restaurants 25%, fast food chains
15%, movies, theatres and others
50%, public transportation (air, ground,
sea) 30%, lodging 30% to 50%,
technical and professional services
20%, closing costs for personal loans
50%, interest rate for personal loans
15%, mortgage interest rate 1%, utility
bills 25% (certain restrictions apply).
Other Visas
It is important to mention that age is not a
limitation to apply for the Pensionado Visa.
You can retire as young as you can, if you
receive a fixed monthly income from a
reliable source, such the Government,
Armed Forces or a Private Company that
pays you an income for lifetime.
limitation to apply for the Pensionado Visa.
You can retire as young as you can, if you
receive a fixed monthly income from a
reliable source, such the Government,
Armed Forces or a Private Company that
pays you an income for lifetime.
Import tax
exemption on a car
every two years
exemption on a car
every two years
Yes
Yes
No
No
Panamanian
Residency
Residency
Yes
Yes (1)
Yes (2)
Yes (6)
Panamanian
Passport
Passport
No
Yes (3)
Yes (4)
Yes (5)
Panamanian ID
(Cédula)
(Cédula)
No
Yes
Yes
Yes
Panamanian
Nationality
Nationality
No
No
Yes (5)
Yes (5)
Panamanian
Citizenship
Citizenship
No
No
Yes (5)
Yes (5)
Panamanian Work
Permit
Permit
No
No
Yes (5)
Yes (5)
Special Notes:
1) Should be renewed every 5 years
2) First Visa granted is valid for one year. After the second year and after filing the respective application, the
Visa is granted permanently
Visa is granted permanently
3) A Special passport can be obtained as soon as the Visa is approved
4) After renewing the provisional visa, a Special passport can be obtained when the Permanent Visa is granted
5) The Forestry Investor Visa does not grant this benefit automatically. After 5 years you will need to file a new
and separate application process at the Immigration Office to change your immigrant status
and separate application process at the Immigration Office to change your immigrant status
6) Permanent residency may take between 1 to 4 years, depending on the amount of the investment
| © Copyright 2002-2008 Move to Panama Corporation - All rights reserved - Terms and conditions |
To contact us, click here
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| Claude & Madeleine - Switzerland |
Power of attorney, click here
Click here only after you have sent us the
documents required to file the Visa application
documents required to file the Visa application
Mario Vilar (Managing Director of Move to Panama)
with Bunny & Karl after obtaining their Pensionado
Id's at the Immigration Office, assisted by a member
of our legal staff.
with Bunny & Karl after obtaining their Pensionado
Id's at the Immigration Office, assisted by a member
of our legal staff.
