Panama is the preferred destination for many retirees and pensioners around the world. The great color of life in its capital, full of gastronomic options, museums, theaters, festivals, and parks, became a great attraction to spend the retirement years of working life.
In addition, Panama City has good accessibility in terms of transportation. In just one hour people can access beautiful beaches and mountains with magnificent natural landscapes that promise a guaranteed rest. Also, it’s easy to drink water from any tap in this Central American country, which is very healthy.
Temperatures are another attraction of Panama, since it has daytime temperatures of 38 degrees, which can drop 10 degrees if there is no sun. However, other areas with altitudes of 1000 and 2000 meters are much cooler.
In this framework, Panama offers a pension of at least 1000 USD to those who present the necessary documentation to retire. In Legal Solutions Panama the lawyers help future panama citizens to comply with all the requirements.
Guide to obtaining a retiree visa in Panama
Panama is a great destination for people who want to spend their retired or pensioner life quietly in a paradisiacal place. However, all the formalities involved in settling there can be very cumbersome. That is why it is important to keep in mind step by step how to get a visa in a Central American country.
- The National Immigration Service of Panama offers a special Permanent Residence Permit for Retirees and Pensioners, whose main requirement is to have an income equal to or greater than 1,000.00 dollars or its equivalent in foreign currency for life.
- Power of Attorney (notarized) that must have the name and nationality of the applicant’s parents and Application.
- Three (3) applicant’s photographs.
- Copy of the passport (notarized or authenticated).
- Certificate of Criminal Record.
- Certificate of Health.
- Personal Background Affidavit Form.
- Document of his condition of being retired or pensioned by a foreign government, international organisms, or private companies, in which his income is demonstrated.
- Additional economic solvency of two hundred and fifty balboas (B/.250.00) monthly for each family’s person, which can be justified with additional pension or local bank reference.
- Certificate of Public Registry of the real estate (if applicable).
In addition, if the withdrawal is granted by a private company, people must submit the following documents:
- A letter certifying the management of funds for the company or applicant from a foreign pension management, trust, mutual fund, insurance, or banking company.
- Certification of the existence of the company.
- Copy of proof of payment or bank statement.
Consult lawyers at Legal Solutions Panama to guarantee your retirement in Panama
Fulfilling all the requirements and presenting all the pertinent documentation, persons can obtain Permanent Residency in Panama. It’s easier to access counting with professional help.
For this reason, at Legal Solutions Panama, lawyers work providing all the detailed information to people who wish to obtain their visas to live in this beautiful country. In addition, it is easy to make a free consultation just by booking an appointment on this website.
