.:Panama Has The Right VISA And
Retirement Package For You
n Panama, both non-nationals and nationals have the same rights
under the law. Foreigners can obtain retiree, resident and 
long-term visas. Investors can gain citizenship through a number of programs.
And, when you obtain your Panamanian passport, it does not affect your status
in your home country. Also, spouses and children are eligible when certain
requirements are met. We can explain all of your options to make your stay
in Panama legal, beneficial and enjoyable.
Panama offers you numerous choices in terms of residency and visa strategies. All provide you with impressive discounts, exemptions and other benefits.Your visa-residency options include:
Your Panama Visa Packages
Retiree (Pensionado):
Basic Requirements: Proof of a minimum $500 government or private pension.
Benefits: Permanent residency within three months.
Private Income Retiree (Pensionado):
Basic Requirements: This visa is for individuals who do not receive a pension but are no longer working and have received a retirement lump-sum payment. This deposited as a five-year Certificate of Deposit (CD) with Banco Nacional de Panama, yielding at least $750 a month (at current interest rates this CD would be approximately +$200,000).
Benefits: Immediate passort. The visa is renewable every five years as long as the CD is also renewed for the same period.
Person of Means Visa:
Basic Requirements: This is designed for those who wish to live in Panama, who are not being employed or starting a business, but are living from their own income. Persons of Means must open a minimum $100,000, one-year CD in any local Panamanian bank.
Benefits: Permanent residency after one year. Citizenship after five years.
Investor's Visa:
Basic Requirements: This is designed for those who wish to establish a business in Panama (retail businesses and some professions are reserved for Panamanians). There must be a minimum investment of $100,000 and a minimum of three permanent Panamanian employees must be hired.
Benefits: Permanent residency in three years. Citizenship after five years.
Reforestation Investor:
Basic Requirements: This is designed for those who wish to invest a minimum of $40,000 in a certified Panamanian reforestation project.
Benefits: Permanent residency in three years. Citizenship after five years.
General VISA Considerations
All VISA applications must be made through Panama All In One, Inc. Legal Department or a Panamanian lawyer.
There is no age limit or maximum age required for applying for any of these VISAs, except for the minimum legal age of 18. Children under 18 will qualify for a visa as dependents.
All overseas documents to be presented to the authorities in Panama must be authenticated by a Notary and by the Panamanian Consulate nearest you, or by a Notary and the Apostille. The Apostille (The Hague Convention of 1961) is a faster way of authenticating documents and is normally obtained through the Secretary of State in your home state, in the U.S. The Apostille is not available in Canada.
All documents must be recent (within 2 months of the VISA application) and passports must be valid for at least an additional year.
Marriage certificates are not valid after 2 months of issuance. If your children (under 18) are to be covered by your VISA, copies of birth certificates are required.
These VISAs do not grant work permits.
All VISA applicants and their dependents must obtain a health certificate and HIV test in Panama.
To learn more about your Panama VISA, contact us today.
