Living in PanamaFriendly NationsInvestorPensionadoPanama–Italy
Panama Residency · Pensionado (Retiree)

Retire in Panama with the Pensionado visa

Anyone with a lifetime pension can apply for residency in Panama as a retiree. There is no minimum or maximum age, and residency gives access to discounts on goods and services and to tax benefits.

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USD 1,000lifetime pension per month
USD 750if you also buy a USD 100,000 property
No ageminimum or maximum to apply
+ USD 250of pension per dependent
How to qualify

Two ways to qualify

The pension must be for life and proven with an apostilled letter from the institution or company that pays it.

01

Pension only

A lifetime pension of at least USD 1,000 per month, public or private.

USD 1,000 a month
02

Pension + property

A lifetime pension of at least USD 750 per month, plus the purchase of a property in Panama.

USD 750 + a USD 100,000 property
For each dependent, the pension must increase by USD 250 per month. That increase can be shown with an additional pension or a local bank reference.
Public pension

If your pension is from the State or Social Security

  • Official certification from the paying institution confirming a lifetime pension of at least USD 1,000 per month.
  • Duly apostilled document.
Private pension

If your pension is paid by a private company

  • Letter from a pension administrator, trust, insurer or bank certifying the funds.
  • Proof of payment or bank statement.
  • Certificate of existence and good standing of the paying company.
  • Everything apostilled.
Documents

Requirements at a glance

  • Valid passport.
  • Second ID from your country, apostilled.
  • Criminal records for the applicant and dependents, with apostille (less than 3 months old).
  • Apostilled marriage or birth certificate for dependents.
  • Six passport-size photos per person.
Family

Your dependents

Your spouse can join you as a dependent. Children may obtain a temporary permit until age 25 if they prove full-time student status; they do not access permanent residency through this route. We explain the alternatives for each member of your family.

Who will assist you

Service in your language

We work in Spanish, English, Portuguese, Italian and French. Our team supports you from the very first call, together with FARO's immigration attorneys in Panama.

30+ yearsof experience
3 officesPanama, Dubai and Lugano
Annabelle Villamariona
SpanishEnglishPortuguese

Annabelle Villamariona

Sales & Marketing Manager
Josie Ben Rubi
EnglishSpanishPortuguese

Josie Ben Rubi

Managing Partner
Luisa Ervolino
PortugueseSpanishEnglishDanish

Luisa Ervolino

Business Development · Brazil
Luca Sandoli
ItalianSpanishFrenchEnglish

Luca Sandoli

Managing Partner
Other residency options

Other visas

50+ countries

Friendly Nations

For citizens of more than 50 countries, including Brazil, the United States, Canada, France and Spain.

  • Property or time deposit from USD 200,000
  • or a job offer
  • 2 years provisional, then permanent
See details →Any nationality

Qualified Investor

The fastest route: permanent residency in up to 30 business days with a qualifying investment.

  • From USD 300,000
  • Property, fixed deposit or securities
  • Hold the investment for 5 years
See details →Italian citizens

Panama–Italy

Permanent residency for Italians thanks to the treaty between both countries.

  • 3 to 6 months on average
  • No minimum property investment
  • The best Plan B program for Italians
See details →
Frequently asked questions

Your questions

Is there a minimum age for the Pensionado visa?

No. There is no minimum or maximum age. What is required is a lifetime pension of the required amount.

Does a private pension qualify?

Yes, as long as it is for life and proven with documentation from the entity managing the funds, duly apostilled.

What are the benefits of being a pensionado in Panama?

Pensionado residency gives access to discounts on various goods and services and to tax benefits. On the first call we explain which apply to your case.

Can I include my partner?

Yes. For each dependent, the pension must be USD 250 per month higher, and that amount can be shown with an additional pension or a local bank reference.

Do I need to travel to Panama?

Yes. The documents must be brought physically to Panama when starting the process. We review everything by email beforehand so the trip is efficient.

Case assessment

Plan your retirement

Fill in the form and our team will contact you on WhatsApp to schedule a confidential 30-minute conversation.

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The information on this page is general in nature and does not constitute legal advice. Requirements and amounts may change under Panamanian regulations. Always confirm current conditions with our team.