Panama’s migratory laws have created two types of visas, easily available to pensioned or retired foreigners, to enjoy life in this country, after retirement.
Both visas grant the status of Resident and some tax exemption benefits. One is called Pensioned Tourist’s Visa, and the other is called Retired Pensioner’s Visa.
PANAMA PENSIONED TOURIST'S VISA
Grants the right to reside in Panama, indefinitely, as long as evidence is filed that applicant receives a pension, sufficient to pay for his expenses in the country, for a monthly minimum amount of USD 500.00 or its equivalent in any foreign currency, plus USD 100.00 for each dependant.
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Both visas grant the status of Resident and some tax exemption benefits. One is called Pensioned Tourist’s Visa, and the other is called Retired Pensioner’s Visa.
PANAMA PENSIONED TOURIST'S VISA
Grants the right to reside in Panama, indefinitely, as long as evidence is filed that applicant receives a pension, sufficient to pay for his expenses in the country, for a monthly minimum amount of USD 500.00 or its equivalent in any foreign currency, plus USD 100.00 for each dependant.
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Comments
There are new laws concerning immigration in Panmama. He sure and check with a lawyer. I have used www.panamalaw.org, they are very knowledgeable and helpful.