Panama is the top favorite destination for retirees or pensioners to rest and have an excellent quality of life for the rest of their lives. Both its urban and rural areas have become the favorite places for this age group that has stopped working. Its cost of living is very affordable: this article reviews some of the prices, including the visa in Panama cost, that are not the only ones, but the fundamental ones.
To obtain a Residence for Retired or Pensioned in Panama, the income must be equal to or higher than B/.1,000.00 or its equivalent in foreign currency and, granted for life.
Several expenses make up the cost of the application for the Residence Permit for a Retiree or Pensioner in Panama. Among them are notary, registry, stamps, transactional, transportation, certificates, proof of kinship, SNM registration, etc. including processing cards, residence cards, and multiple visas. In Legal Solutions Panama, the lawyers want to help people to obtain a visa.
Prices of the process to obtain the Residence for Retired and Pensioned Persons
The fees to obtain the documents are in 2024:
- Processing fee: USD 50.
- Transaction fees: USD 90.
- Resident card: USD 100.
- Multiple Visa: USD 50.
- Health Certificate: USD 12.
- Certification of foreign currency (if applicable): USD 16.05.
- Fees for applying for an identification card: USD 100.
- Transportation and mobilization: USD 110.
- Registration of foreigners: USD 5.
Requirements to apply for a Retiree or Pensioner visa in Panama
To apply for a Retired or Pensioner visa in Panama, some requirements must be fulfilled:
- Power of Attorney and Application (notarized and by a qualified Panamanian lawyer).
- Three (3) passport-size photographs of the applicant.
- Copy of the passport (Notarized).
- Certificate of Criminal Record (or affidavit before a Notary in case there is no such certificate in the applicant’s country of origin).
- Certificate of Health by a qualified Panamanian doctor.
- Personal Background Affidavit Form.
- Certification of his condition of retirement or pension by a foreign government, international organizations, or private companies, in which it’is notified a life annuity of not less than one thousand balboas (B/. 1,000.00) monthly or its equivalent in foreign currency.
Get your visa with the help of Legal Solutions Panama
The law firm of Legal Solutions Panama takes care of all foreigners seeking to live or invest in Panama. Thanks to this help, the procedures will be easier to comply with the legislation of this country.
On its website, professionals offer the possibility of a free consultation with one of them to address all the doubts that exist. People who want to go to Panama just need to book an appointment.
