Pensionado Visa

If you're a foreign national looking to retire in Panama and receive a steady income, the "Jubilado Pensionado" (PRP-JP) permit may be the perfect option for you. In order to qualify, you must receive a pension or retirement from a foreign government, international organization, or private company and have sufficient means to cover your own and your dependents' living expenses in the country. The monthly income must be at least $1,000 and be granted on a lifelong basis.

To apply for the permit, you will need to provide the following documents:

1.     Power of attorney and application form

2.     Three photographs

3.     A copy of your passport that has been verified by a notary.

4.     A certificate of criminal record

5.     A certificate of health

6.     A declaration of personal background form

7.     A certification of your status as a retiree or pensioner, including the amount of your income and that it is lifelong.

8.     If the pension comes from a private company, additional documents such as a letter from the pension administrator, a certificate of the company's existence and validity, and bank statement.

Additionally, if you have purchased a property in Panama for more than $100,000, the minimum pension required is $750. For couples, you may combine your pensions to meet the minimum requirement. And in case of dependent children, their permit will be temporary until they turn 25 and they need to proof that they are studying.

This permit is indefinite, so you will not need to renew it. Our legal team at LEGAL@work is ready to assist you with the process and guide you through every step of the way, ensuring that your application is completed accurately and efficiently. Let us help you make your dream of retiring in Panama a reality. Contact us today to learn more about the costs and procedures involved.