Retiree Visa Programs

Home Panama Visas Retiree Visa Programs

Regulated by Panama Executive Decree No. 320 of August 8th, 2008, the retiree or “pensionado” residence status requires that the applicant prove an income or pension of US$1,000 per month and $250 for each dependent. Once the visa petition is filed before the Immigration Department, a permanent residence permit will be granted to the applicant within 4-6 months. This is one of the fastest ways to obtain residence and resident status is granted for life.

Retiree residence program highlights:

It is the most economical residence program
Applicants must be aware that additional documents will be required if the pension plan is paid by a private institution.
There are major benefits for applicants, such as:
Import tax exemption for a new car every 2 years
Import tax exemption for household goods worth up to US$10,000
Multiple tax exemptions and discounts on services in Panama, including discounts on prescriptions, restaurants, air travel and entertainment.

You can request information about this type of visa and which countries apply also for this type of residence. Our company not only works for Panama but other jurisdictions of high reputation.

Oleg - Klaipeda
I have worked with Gerli & Company for a number of years and have known Ismael Gerli, for over a decade. When it comes to detail, no questions to be asked, Ismael Gerli, knows how to run ships in rough waters. Thumbs Up
Well-known reputation
I was very pleased that I chose Gerli & Company some two decades ago, to represent me in my companies spin off, ever since we have set up and organized both onshore and offshore structures through Gerli & Company, whom have proven highly skillful. Our group exceeds 100 corporate structures and Panama Private Foundations. Their credibility and well-known reputation has been key to our success.
Attention to detail
I have worked with Gerli & Company for a number of years and have known Ismael Gerli, for over a decade. When it comes to detail, no questions to be asked, Ismael Gerli, knows how to run ships in rough waters. Thumbs Up
Very professional and proficient
I have the utmost appreciation and respect for the Gerli & Company Law Firm. Our case was complex and it included a number corporate structures and registration of vessels in four flag registries. There were multiple lawyers and paralegals assigned to us, from both Panama and Miami office. All with whom I communicated with was indeed professional and proficient in their role. They definitively exceed the expectations of their clients. The team worked earnestly towards structuring what we needed, a strong validation as well for the Gerli team in Ft Lauderdale and Marshall Islands Registry staff.
Sound guidance
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Extremely knowledgeable and professional
I worked with Gerli & Company team on an Maritime labor dispute within our hear office in Panama City, involving gender grade group assignment. I am certain the firm had many other cases, however, I felt like I was a priority to the firm, and mostly to the staff assigned to our case. We had 24/ 7 communication while we visited Panama, they were reachable at all times and worked hand to hand with me during the entire process. Staff members, and legal assistants to the partners, had cutting knowledgeable and professionalism at its best. Without question, what was perceive as unpleasant, became more tolerable.