Panama Passport with Rentista Retirado Visa

One of the least talked about and best paths to get a Panamanian passport is the Rentista Retirado Visa or retired renter in English.

Panama Law Firm

At LEGAL@Work, we understand that navigating the legal system in a foreign country can be overwhelming. That's why we're here to help guide you through the process of obtaining a Rentista Retirado Visa (retired renter) in Panama.

If you want to obtain a Panamanian passport, here are the program details for retired rentier visa.

The retired renter program is a Panamanian visa that allows obtaining a special passport and exclusive benefits for this program such as the tariff exemption for 10K for items for domestic use, total tariff exemption every two years for importation of vehicle for personal use, exemption from immigration duties (immigration processing checks) and special passport for the rentier, couple and dependents under 18 years of age.

This visa is available to foreign individuals who can demonstrate a monthly income of 850/usd/balboas, which is generated exclusively from interest earned on a fixed-term deposit at Banco Nacional de Panamá or Caja de Ahorros.  The current amount required by the National Bank, as a reference, is 350K balboas fixed deposit for 5 years. All visas require to provide a duly apostilled criminal record.

To apply for this visa and to obtain the Panama passport, the following requirements must be met:

• Power of attorney and application form (notarized)
• Three photographs
• Copy of passport (notarized)
• Criminal background check
• Health certificate
• Personal background declaration form
• Bank certification from the National Bank of Panama or the Savings Bank, demonstrating the deposit amount, interest earned, deposit duration, and that it is free of liens
• Notarized copy of the deposit certificate

Benefits of Panama passport

Panama passport is ranked the 36th best passport in the world and provides visa-free access to 140 countries. Panamanian passport holders have visa-free access and visas on arrival to countries such as Singapore, United Kingdom, Russia, Israel and the entire European Union.