Pensionado Visa
Panama
Last updated: December 27, 2025
Permanent
$800
6 months
Low
About this Visa
The Pensionado Visa lets you move to Panama if you have a steady lifetime pension. You get permanent residency immediately—not temporary, but permanent. You can live in Panama forever, travel freely, and bring your family. Panama gives you huge discounts on restaurants, movies, hotels, and medical care for life. This visa is different because there's no age limit, no language test required, and you don't need to invest money. Just prove you have $1,000 per month coming in for the rest of your life.
Key Benefits
- Get permanent residency immediately
- Work in Panama with permit
- Work remotely for foreign companies
- Bring spouse and children
- 50% off entertainment and sports
- 25% off restaurants
- 50% off hotels Mon-Thu
- 25% off airline tickets
- 30% off transportation
- 15-20% off doctor and hospital care
- 25% off utilities
- Import one car duty-free every 2 years
- Apply for citizenship after 5 years
- No tax on foreign pension income
Eligibility & Requirements
Eligibility Criteria
- Must be 18 or older (no age maximum)
- Must have $1,000/month guaranteed lifetime pension
- Must have clean criminal record
- Must pass health check
- No language requirement for visa approval
- No job or business experience required
- No education requirement
- Can include spouse and dependent children
Financial Requirement
$1,000 per month minimum from a guaranteed lifetime pension (Social Security, company pension, annuity, etc.) OR $750 per month if you buy Panama property worth $100,000+. Add $250 per month for each spouse or child. Pension must be guaranteed for life.
Documents
- Valid PassportMust be valid for 6+ more months
- Birth CertificateOfficial copy
- Police Clearance - Home CountryLess than 6 months old
- Police Clearance - Other CountriesFrom any country where you lived 2+ years in last 5 years, less than 6 months old
- Health CertificateFrom doctor, less than 3 months old, showing no contagious diseases
- Pension LetterOfficial letter stating for life and monthly amount
- Bank Statements6+ months showing pension deposits
- Marriage CertificateIf married
- Children Birth CertificatesIf bringing children
- Passport Photos5 photos, 2 inches by 2 inches
Disclaimer: The information on this page is for general informational purposes only and does not constitute legal or immigration advice. Visa requirements, fees, and processes change frequently. Please verify all information with official government sources and consult a qualified immigration attorney before making decisions.