Panama’s retirement visa program is widely recognized as one of the most generous and inviting in the world. The famed pensionado deal makes it easy and cost-effective to settle into the idyllic lifestyle offered by Panama’s natural beauty and beaches.
Retiring in Panama offers tax benefits, affordable healthcare, and a lower cost of living. The Pensionado Program grants permanent residency to retirees with a lifetime pension of at least $1,000 per month. Popular retirement areas include Boquete, Coronado, and Panama City, each offering unique climates and amenities.
Retiring in Panama is popular due to its Pensionado Program, low cost of living, and access to Panama real estate. Retirees can buy property with full ownership rights and enjoy benefits like healthcare discounts and tax breaks. Areas like Boquete and Coronado offer real estate suited for expat retirees.
SIMPLICITY
One of the best parts about the Panama retirement visa program is its simplicity. There are no strings attached and the benefits begin immediately. And once you’re settled into Panama life, the benefits are available on a daily basis.
THIS IS HOW IT WORKS…
Everyone over 18 is eligible for the program. The only requirement is that you must be able to prove a minimum monthly income of US$1000 from a government program such as Social Security or a pension from a private corporation. The monthly pension requirement goes down to $750 a month if you buy real estate in Panama worth at least $100,000.
That’s it! Beyond the pension, the only real requirement for the Panama “Pensionado” visa is that you retire in Panama and not work. It’s that easy!
Once approved, the retirement visa allows you to live in the country permanently, with most of the same benefits as any citizen. The visa also provides a wide range of deals and discounts, including tax-exempt status on imports of household goods and anything from 10 to 50 percent off on flights, utilities, hotels, restaurants, healthcare, and services throughout Panama.
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