Benefits of a Panama retirement immigration visa
Retirement visas are sought by individuals who are retired and wish to reside in a country outside their country of domicile. Each country that offers retirement visas will vary with respect to the requirements that must be satisfied and the benefits awarded to the holders of a retirement visa. When deciding to relocate for your retirement you are advised to speak to a professional consultancy firm to ensure you select the most appropriate country and retirement visa available to you.
For more information on the immigration service’s DeltaQuest offers, or to find out how we can assist you with your immigration needs, please Contact Us.
Advantages of obtaining a Panama retirement visa
A Panama retirement visa, also known as a Pensionado Visa and is offered to individuals who can prove their pension is $1,000 or more per month. Provided you meet all the necessary requirements as stipulated by the Panamanian government you will then be entitled to enjoy a number of benefits in Panama. Some of the applicable rights and benefits enjoyed by a Pensionado Visa are:
- Exemption of duties for importation of household goods (applicable only one time)
- Exemption of import duties for cars every two years
- 50% of entertainment throughout Panama
- 30% of public transport
- 25% of airline tickets
- 15% discount on hospital bills
- 20% discount on medical consultations
- 25% off dental exams
The above list details only a selection of the available benefits enjoyed by Pensionado Visa holders and it is advised to consult with an immigration lawyer or other professional consultancy firm before initiating the application process.
It must be noted that where you obtain a Pensionado Visa you cannot obtain Panamanian nationality, nor can you seek a Panama second passport.
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