Pensionado benefits in Panama
Reviewed by Hassim Patel Bhana, Managing Partner · Updated
This guide sets out the discounts retirees are entitled to by law in Panama: leisure and travel, health, home bills, loans and paperwork. Until 1 May 2027 they go to retirees and pensioners of any age, and to women from 55 and men from 60, Panamanian or foreign residents. From 2 May 2027 the test for foreigners changes.
Key points
- Until 1 May 2027: retirees and pensioners of any age, women from 55 and men from 60, Panamanian or foreign residents.
- 50% on cinemas, theatres, sports and cultural events, and on hotels from Monday to Thursday.
- 25% on restaurants, and 25% on airline tickets.
- 20% on medicines and on doctors' fees.
- 25% on electricity up to 600 kWh a month, and on water and a residential landline.
- Discounts do not stack with promotions: you choose one or the other.
- From 2 May 2027, Law 562 requires foreigners to hold full permanent residency and be 57 (women) or 62 (men).
Frequently asked questions
Who can use these discounts today?
Until 1 May 2027: retirees and pensioners of any age, and women from 55 and men from 60, whether Panamanian or foreign residents.
What changes on 2 May 2027?
For foreigners the test becomes full permanent residency plus age — 57 or older for women, 62 or older for men. A pension is not required, and a Pensionado visa on its own no longer qualifies someone below those ages.
Can I combine a discount with a promotion?
No. Discounts do not add up with promotions; you choose one or the other.
What if a business refuses?
Complain at the business first, then call ACODECO, the consumer protection authority, at 311.