Pensionado visa
Reviewed by Hassim Patel Bhana, Managing Partner · Updated
The Pensionado visa is for retirees with a lifetime pension from a government, an international organisation or a private company. It requires a lifetime pension of at least $1,000 a month, or $750 if you own Panamanian property worth over $100,000 in your own name. It grants permanent residency with no renewals.
Key points
- For retirees with a lifetime pension from a government, an international organisation or a private company.
- The pension must be for life and at least $1,000 a month.
- The minimum drops to $750 a month if you own property in Panama worth over $100,000 in your own name.
- Couples may add both pensions together to reach the $1,000 minimum.
- Each dependent needs $250 a month more, shown with extra pension income or a local bank reference.
- It grants permanent residency, with no renewals.
- Documents issued abroad are valid for six months from their issue date, not from the date of the apostille.
Frequently asked questions
Does a pension for a fixed number of years qualify?
No. The pension must be granted for life. A term-limited pension does not qualify.
Can my children come with me?
Yes. Dependent children receive a temporary permit until age 25 if they study full time. They do not become pensionados themselves, except children with a proven profound disability.
Does a private pension work?
Yes, with three extra documents: a letter from the company that manages the funds, a certificate that the paying company exists, and a payment receipt or bank statement.
How long are my documents valid?
Six months from the date each document was issued, not from the date it was apostilled. That is why we ask you to request them close to filing rather than at the start of your planning.