According to the Immigration Department in the Republic of Panama, the Retired or Pensioned Program allows foreigners to obtain legal residency in Panama under Visa Pensionado as retired or pensioned. To apply to the Visa Pensionado Program you must qualify as follows: 1. Pension Income:The applicant must receive at least US$1,000.00 per month. For each dependant, the retirement income (or pension income) must be increased by US$250.00. The retirement pension can also add up to US$1,250 between both applicants. 2. Proof of the applicant´s income by documentation, such as a letter from the institution or company that pays the retirement or pension income is required. 3. This certification must be duly authenticated by a Panamanian Consulate nearest you or by Apostille.
Government Fee$250 - $250
Legal Fee (+ expenses to be included)$1500 - $1500