- Lasted Update: February 12, 2026
Panama Pensionado Program
The Panama Pensionado Program provides foreign retirees an affordable pathway to permanent residency in Panama. Eligible individuals aged 18+ must have a clean criminal record, good health, and a monthly pension income of $1,000. The program offers immediate permanent residency and allows dependent inclusion. Successful applicants need only one visit every two years to maintain permanent residence status, with potential citizenship after five years. With no investment requirements and quick processing, it’s an attractive retirement option for those seeking a new life in Central America.
Panama Pensionado Program Benefits
Residency and Family Inclusion
- Gain permanent residency and ability to settle permanently in Panama upon application approval
- Spouse, minor children, and unmarried adult children under 25 can be included
Travel and Quality of Life
- Permanent residents need to visit Panama only once every 2 years to maintain their status.
- Benefits include accessibility to a range of services and lifestyle discounts.
Ease of Access
- Opportunity to apply for citizenship after 5 years
- Fast processing time
- No language requirements
- No investment requirements
Requirements for the pensionado visa in panama
Eligible individuals must meet the following requirements:
(a) General Requirements:
- Be at least 18 years old
- Have no criminal record
- Demonstrate good health and be free from contagious diseases
(b) Pension Income Requirements
- The main applicant must have a lifetime monthly pension income of at least USD 1,000 from foreign government, international organization, private pension administration entity, mutual funds, trust, bank, or insurance company.
- If the applicant purchases residential property in Panama that is worth at least USD 100,000, the income requirement for the main applicant reduces to USD 750 per month
- The income requirement increases by USD 250 per month for each dependent included in the application.
Panama Pensionado Program Process
Processing time 3 - 10 Months
Due Diligence and Application Preparation
Gather essential documentation and have the foreign documentation apostilled, legalized and/or translated as needed
Application Submission and Approval
- Prepare the application package
- Visit Panama to submit the application to the Panama authority
Residency
Successful applicants will need to visit the to obtain the permanent residency card
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