The Panama Retirees and Pensioners Visa was created back in the eighties, to promote the residential tourism in the country, which got its peak in the last decade, keeping up to the present.
Under this residence program, the applicant is only required to present evidence of a monthly income and for life, of at least US$1,000.00 per month, or its equivalent if in another currency. With the acquisition of property in Panama for a minimum value of $100,000, a monthly retirement or pension income of $750 is permissible.
The referred income must be in the form of a pension or retirement, from a government agency or from an authorized and regulated retirement agency or private company, for which additional documentation shall be required.
Requirements
The general requirements to apply for the Retirees and Pensioners’ Visa are:
Valid passport for at least 6 months from application date.
5 passport size photos (2inch x 2inch).
National criminal background certificate (FBI report), recently issued, apostilled/ authenticated by a Panamanian Consulate in the issuing country– valid for 6 months.
Pension letter stating you receive at least USD 1000 per month for life – recently issued, apostilled/ authenticated by a Panamanian Consulate in the issuing country– valid for 6 months.
Good health certificate issued in Panama.
Sworn declaration form, fully answered and signed.
Proof of domicile in Panama, through the utility bill and rental agreement, or letter from a hotel.
Other Requirements
If the applicant is applying with his or her spouse, an additional US $250.00 in the monthly income are required. The spouse must also present all requirements above, but the income letter. Joint income is also allowed, in which case both spouses must present their income letters.
Additionally, the marriage certificate – recently issued, apostilled/ authenticated by a Panamanian Consulate in the issuing country– valid for 6 months must also be added to the application.
All documents originated abroad must be either apostilled (at the Secretary of State Office), or authenticated at the Panamanian Consulate in your country.
Holders of the Pensioner Visa can obtain a work permit in two ways; one is waiting to have 10 years of residency to request a non-expiring work permit. The second way, thanks to the Executive Decree 21 of May 2019, is requesting a renewable work permit valid for 3 years.
Visit our Fees Schedule to learn more about this cost. You can also order your Retirees and Pensioner Visa from there.
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FEES & COSTS
FRIENDLY NATIONS VISA
Cost for main applicant: $2,900. ($1,500 Legal + $1,400 Government)
Cost for dependent 12+ years old: $2,000. ($600 Legal + $1,400 Government)
Cost for dependent under 12 y/o: $1,100 ($600 Legal + $500 Government)
The total costs for Friendly Nations Visa is broken down in 3 payments:
Payment 1: Initial Retainer, for 50% of total Legal Fees and a portion of process expenses.
Payment 2: On application submission, for Government Costs.
Payment 3: On application completion, for 50% of total Legal Fees.
FEES & COSTS
RETIREES & PENSIONER VISA
Cost for main applicant: $1,900. ($1,500 Legal + $400 Governments)
Cost for any dependent: $900 ($600 Legal + $300 Government)
The total costs for Retirees & Pensioner Visa is broken down in 3 payments:
Payment 1: Initial retainer, for 50% of total legal fees and a portion of process expenses.
Payment 2: On application submission, for remaining government costs.
Payment 3: On application completion, for 50% of total legal fees.
FEES & COSTS
PANAMANIAN CITIZENSHIP
Cost per applicant: $5,800 ($5,000 legal + $800 government)
The total cost of the Panamanian Citizenship is broken down into 3 payments:
Payment 1: Initial Retainer
Payment 2: On application submission
Payment 3: On application completion
FEES & COSTS
DIGITAL NOMAD VISA
Cost for main applicant: $1,500. ($1,000 Legal + $500 Government)
The total cost DOES NOT cover the Private Medical Insurance in Panama.
The total cost for Digital Nomad Visa is broken down into 1 payment:
Payment 1: Covers all legal and government costs.
FEES & COSTS
REFORESTATION VISA - PROVISIONAL RESIDENCY
Cost for main applicant: $5,000. ($3,000 Legal + $2,000 Government)
Cost for dependent 12+ years old: $3,000. ($1,600 Legal + $1,400 Government)
Cost for dependent under 12 y/o: $2,000. ($1,400 Legal + $600 Government)
The total costs for Reforestation Visa are broken down into 3 payments:
Payment 1: Initial Retainer, includes a portion of legal fees and government costs.
Payment 2: On application submission, for Government Checks.
Payment 3: On application completion, for the remaining legal fees and government costs.
FEES & COSTS
REFORESTATION VISA - PERMANENT RESIDENCY
Cost for main applicant: $1,400. ($1,000 Legal + $400 Government)
Cost for dependent 12+ years old: $900. ($600 Legal + $300 Government)
Cost for dependent under 12 y/o: $900. ($600 Legal + $300 Government)
The total costs for Reforestation Visa are broken down into 3 payments:
Payment 1: Initial Retainer, includes a portion of legal fees and government costs.
Payment 2: On application submission, another portion of legal and government costs.
Payment 3: On application completion, for the remaining legal fees and government costs.
FEES & COSTS
PANAMA – ITALY TREATY VISA
Cost for main applicant: $2,100. ($1,500 Legal + $600 Government)
Cost for dependent under 12 y/o: $1,100. ($600 Legal + $500 Government)
Cost for dependent 12+ years old: $1,200. ($600 Legal + $600 Government)
The total costs for Panama-Italy treaty visa are broken down into 3 payments:
Payment 1: Initial Retainer, for 50% of total Legal Fees and a portion of government costs.
Payment 2: On application submission, for government check.
Payment 3: On application completion, for 50% of total Legal Fees and remaining government costs.
FEES & COSTS
MARRIED WITH PANAMANIAN VISA - PROVISIONAL RESIDENCY
Cost for main applicant: $2,200. ($1,500 Legal + $700 Government)
The total costs for the Married with Panamanian visa are broken down into 3 payments:
Payment 1: Initial Retainer, includes a portion of legal fees and government costs.
Payment 2: On application submission, includes another portion of legal fees and government costs.
Payment 3: On application completion, includes the remaining legal fees and government costs.
FEES & COSTS
PANAMA SELF-SOLVENCY VISA - PROVISIONAL RESIDENCY
Cost for main applicant: $5,000. ($3,000 Legal + $2,000 Government)
Cost for dependent 12+ years old: $3,000. ($1,600 Legal + $1,400 Government)
Cost for dependent under 12 y/o: $2,000. ($1,400 Legal + $600 Government)
The total costs for Panama Self-Solvency Visa are broken down into 3 payments:
Payment 1: Initial Retainer, includes a portion of legal fees and government costs.
Payment 2: On application submission, for Government Checks.
Payment 3: On application completion, for the remaining legal fees and government costs.
FEES & COSTS
PANAMA SELF-SOLVENCY VISA - PERMANENT RESIDENCY
Cost for main applicant: $1,400. ($1,000 Legal + $400 Government)
Cost for dependent 12+ years old: $900. ($600 Legal + $300 Government)
Cost for dependent under 12 y/o: $900. ($600 Legal + $300 Government)
The total costs for Panama Self-Solvency Visa are broken down into 3 payments:
Payment 1: Initial Retainer, includes a portion of legal fees and government costs.
Payment 2: On application submission, for the remaining legal fees and government costs.
FEES & COSTS
FRIENDLY NATIONS VISA - PROVISIONAL RESIDENCY
Cost for main applicant: $3,200. ($1,800 Legal + $1,400 Government)
Cost for dependent under 12 y/o: $1,200 ($600 Legal + $600 Government)
Cost for dependent 12+ years old: $2,000. ($600 Legal + $1,400 Government)
The total costs for Friendly Nations Visa is broken down in 3 payments:
Payment 1: Initial Retainer, includes a portion of legal fees and government costs.
Payment 2: On application submission, for Government Checks.
Payment 3: On application completion, for the remaining legal fees and government costs.
FEES & COSTS
FAMILY REGROUPING VISA - PROVISIONAL RESIDENCY (Visa for Dependents of Panamanian Residents)
Cost for first dependent: $3,200. ($1,800 Legal + $1,400 Government)
Cost for any other dependent under 12 y/o: $1,200 ($600 Legal + $600 Government)
Cost for any other dependent 12+ years old: $2,000. ($600 Legal + $1,400 Government)
The total costs for Family Regrouping Visa is broken down in 3 payments:
Payment 1: Initial Retainer, includes a portion of legal fees and government costs.
Payment 2: On application submission, for Government Checks.
Payment 3: On application completion, for the remaining legal fees and government costs.
FEES & COSTS
FRIENDLY NATIONS VISA - PERMANENT RESIDENCY
Cost for main applicant: $2,300. ($2,000 Legal + $300 Government)
Cost for dependent under 12 y/o: $900 ($600 Legal + $300 Government)
Cost for dependent 12+ years old: $900. ($600 Legal + $300 Government)
The total costs for Friendly Nations Visa is broken down in 3 payments:
Payment 1: Initial Retainer, includes a portion of legal fees and government costs.
Payment 2: On application submission, includes legal and government costs
Payment 3: On application completion, for the remaining legal fees and government costs.
FEES & COSTS
MARRIED WITH PANAMANIAN VISA - PERMANENT RESIDENCY
Cost for main applicant: $1,300. ($1,000 Legal + $300 Government)
The total costs for the Married with Panamanian visa are broken down into 3 payments:
Payment 1: Initial Retainer, includes a portion of legal fees and government costs.
Payment 2: On application submission, includes another portion of legal fees and government costs.
Payment 3: On application completion, includes the remaining legal fees and government costs.
FEES & COSTS
QUALIFIED INVESTOR VISA
Cost for main applicant: $16,000 ($5,000 Legal + $11,000 Government)
Cost for dependent under 12 y/o: $2,000 ($700 Legal + $1,300 Government)
Cost for dependent 12+ years old: $3,000 ($700 Legal + $2,300 Government)
The total costs for the Qualified Investor Visa are broken down into 2 payments:
Payment 1: Covers 50% of Legal Fees + $500 of Government Costs
Payment 2: Covers 50% of Legal Fees + remaining Government Costs
FEES & COSTS
FAMILY REGROUPING VISA - PERMANENT RESIDENCY (Visa for Dependents of Panamanian Residents)
Cost for first dependent: $1,800. ($1,500 Legal + $300 Government)
Cost for any other dependent under 12 y/o: $900. ($600 Legal + $300 Government)
Cost for any other dependent 12+ years old: $900. ($600 Legal + $300 Government)
The total costs for Family Regrouping Visa is broken down in 3 payments:
Payment 1: Initial Retainer, includes a portion of legal fees and government costs.
Payment 2: On application submission, another portion of legal fees and government costs.
Payment 3: On application completion, for the remaining legal fees and government costs.
FEES & COSTS
REFORESTATION VISA - EXPRESS
Requires minimum investment of USD $360,000
Cost for main applicant: $7,500. ($5,000 Legal + $2,500 Government)
Cost for dependent 12+ years old: $3,000. ($1,600 Legal + $1,400 Government)
Cost for dependent under 12 y/o: $2,000. ($1,400 Legal + $600 Government)
The total costs for Reforestation Visa (Express) are broken down into 3 payments:
Payment 1: Initial Retainer, includes a portion of legal fees and government costs.
Payment 2: On application submission, for Government Checks.
Payment 3: On application completion, for the remaining legal fees and government costs.
FEES & COSTS
The Friendly Nations Visa Package 1 (Work Contract) includes:
Cost of provisional residency for all applicants of the Friendly Nations Visa
Cost of IBC with Nominees
Cost of Business License
Cost of Annual Fees for 3 years includes: Nominees $900 ($300 per year) Annual Government Fees $900 ($300 per year) Resident Agent $900 ($300 per year) Zero-Income Tax Return $600 ($200 per year)
Cost of job offer for the Main Applicant
Cost of Work Permit for the Main Applicant
Cost of Bank assistance $400 (only applicable if main applicants has dependants)
FEES & COSTS
Friendly Nations Visa Package 2 (Real Estate) includes:
Cost of provisional residency for all applicants of the Friendly Nations Visa
Cost of Legal Assistance for Property under $2,000
Additionally, the cost of Notary, Public Registry, and Transfer Tax is not included yet. The Kraemer & Kraemer team will notify you of the amount due when the application is already in progress.
FEES & COSTS
The Friendly Nations Visa Package 3 (Certificate of Deposit) includes:
Cost of provisional residency for all applicants of the Friendly Nations Visa
Cost of Bank Account Opening Assistance and Certified Deposit