Retire in Panama with the Easiest Residency Visa in the World

All you need is to have income and be over 18 years old in order to get a Panama residency visa fast, save on taxes and live or travel anywhere. Learn more about the requirements and benefits of retiring in Panama:

Panama Retirement Visa Requirements
How long does it take to get a Panama Retirement Visa?
What are the benefits of retirement in Panama?
Is Panama safe for retirees?
Where is the best place to retire in Panama?
Why Is Panama a good place to retire?
How much does it cost to retire in Panama?

Here is why the Panama retirement visa is the easiest residency visa in the world

Do you want to retire in Panama with the easiest residency visa in the world?

Thank You!

Check your Email for the Easy Requirements for your Quick and Inexpensive Passport.

Panama Retirement Visa Requirements (Pensionado Residency Visa)

Visiting or living in Panama is easy thanks to the
Panama residency retirement visa’s simple requirements.
  • Must be over 18 years old.
  • Hardly any length of stay restrictions. You only need to live in Panama for one week every two years. The Panama Retirement Visa allows applicants to either retire in Panama or conduct international business. The applicants can keep on living in Panama for a period of time that is as long, or short as they want.
  • Must prove income. A foreign legal entity must certify that the applicants will be receiving a monthly income of $1,000 USD while living in Panama. For couples, an income of $1,250 USD per month is sufficient to retire in Panama. For each dependent, there is a requirement for an additional income of $250 USD per month.
    Who counts as a dependent?
    – The applicant’s spouse.
    – The applicant’s children if they are up to the age of 18 or, if they are full-time college or university students, up to the age of 25.

How long does it take to get a Panama Retirement Visa?

Retire in Panama fast with the easiest residency visa in the world!
Pensionado Residence Visa

To start the process, plan to visit Panama for 7 business days. At the end of your 7 business days, you will have your temporary retirement residence card (Pensionado) and your passport stamped with the multi entry/exit visa that allows you to leave the country while your permanent visa is being processed.

It takes about 3 months for the process of the permanent residence visa to be completed in which point you will need to return to Panama for 2 business days to receive your permanent retirement residence card.

You don’t need to reside in Panama. You just need to visit every 2 years for a week.

What are the benefits of retirement in Panama?

Retirees in Panama enjoy a multitude of discounts and benefits, including low taxes.
  • Import household items and cars tax-free.
  • 50% off for entertainment (movies, concerts, theaters, sports, and other cultural events).
  • 30-50% off at hotels.
  • 25-30% off travel.
  • 25% off utilities.
  • 20% off for professional and technical services.
  • 15-25% off at restaurants.
  • 15-20% off for medical and hospital costs (if there’s no insurance).
  • 15% off dental and eye exams.
  • 10% off medicines.
  • Discounts and reductions for loans and mortgages.

Is Panama safe for retirees?

Living in Panama is safe and secure.

Panamanians are easygoing, non-violent folk, therefore the most common crime seen is theft. Of course, as in every other country, there are some dangerous areas, but it is not a significant cause of concern for those who live elsewhere. The army has been replaced by a police force that keeps crime to a minimum in most areas. Common discretion and basic safety precautions at night keep any trouble away.

Where is the best place to retire in Panama?

Panama has many different lifestyle options.

Panama is a very diverse country, so regardless of whether you’re dreaming of a beach life, fresh mountain breeze, affordable cosmopolitan lifestyle, or a family-friendly suburban community, you can find it in Panama.
The most popular places to retire in Panama are:

  • Boquete: A cozy, flower-filled mountain town with a strong expat community holding interesting events and activities in English.
  • Panama City: The vibrant, metropolitan and diverse capital of Panama. There are jobs, entertainment, events, activities and different types of scenery to suit every taste and need.
  • El Valle: A peaceful highland community noted for its mud baths and tranquil residents.
  • Coronado: Panama expats’ favorite beach town with North American style shopping, supermarkets, restaurants, resorts, nightlife and frequent expat gatherings.
  • Bocas del Toro: A famous, colorful Caribbean beach community, popular among affluent foreigners and young backpackers. It has exotic wildlife, many restaurants, and an exciting nightlife.
  • Pedasi: A bright town in the Los Santos province with friendly local residents and a small but welcoming expat community. It is close to Venao beach, where an international surfing championship is held.
    Click here to read about the top 18 places to live in Panama for expats.

Why Is Panama a good place to retire?

There is much to discover as a retiree in Panama.
  • World class medical and alternative health care facilities
  • It is one of the most racially diverse countries in Latin America
  • Extensive and diverse business or investment opportunities
  • Large expat communities with frequent gatherings
  • Low cost of living
  • The residents are friendly to foreigners
  • It is a tax haven
  • It is a democratic republic
  • There is a multitude of exotic islands
  • It is surrounded by pure nature
  • It is safe
  • Direct air flight connections
  • It has an excellent transportation system in the capital city
  • Wide selection of restaurants, bars and nightlife
  • An ample amount of shopping centers
  • An abundance of golf courses 
  • International events and conventions
  • Rich culture
  • Beaches, fishing & water sports
  • A growing entertainment industry
  • Easygoing population who value having fun and enjoying life
  • Many national holidays with exciting festivities
    Click here to read about more reasons to live in Panama.

How much does it cost to retire in Panama?

Panama allows for excitement, convenience and comfort at a low cost of living.

Thanks to the low cost of living, you can retire in Panama for very cheap. Exact expenses vary depending on where you choose to live in Panama, but an average lifestyle for a couple can cost under $1,000 and up to about $3,500. Rent, housing, food, shopping, entertainment and other expenses are much more affordable in Panama than in North America and most European countries, plus there are various discounts given to retirees. All of these benefits, including low taxes, make it easy to enjoy a comfortable retirement in Panama on a budget.
Read detailed information about cost of living in Panama at https://alittleadrift.com/cost-of-living/panama/#costs


Do you want to retire in Panama with the easiest residency visa in the world?

Thank You!

Check your Email for the Easy Requirements for your Quick and Inexpensive Passport.

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