Living in Panama

Retirement Visas & Discounts in Panama

  Panama Wants You
Especially if you are a retiree. It is refreshing to find a country that actually encourages retirees to live there.

Retirement Visa requirements are pretty straightforward. Here is the short version of what Panama requires:

• Proof that you get an adequate pension (varies from year to year)- from a governmental or private corporation
• A certificate of good health (obtainable in Panama)
• Police report from your place of residence
• Marriage certificate if applicable
• Passport copy, and a couple of photos (birth certificate not required)

The long version visa requirements

Retiree residency is granted indefitinely but retirees must show evidence each year that you continue to receive $500/mo.

This type of residency does not qualify for citizenship.

  Panama also offers some discounts to senior citizens.

• 50% off entertainment including movies, concerts, theater etc.
• 25% off meals in restaurants
• 50% off hotel accomodations Monday thru Thursday
• 30% off bus, boat and train fares
• 25% off domestic and international airline tickets
• 10% off prescription medicines
• 15% off dental and eye exams
• 50% off closing costs for home loans

These discounts can stretch your retirement dollars a bit. But for many, the attitude of the Panamanian government matter most. The actually encourage seniors to retire and settle in Panama long term.