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HOW TO RETIRE IN PANAMA? - PANAMA LEGAL CENTER
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Panama is an ideal country for retirement Panama has become one of the most popular destinations for retirement, relocation & investment. Panama provides a comfortable lifestyle at costs that are much lower tha America, Canada & Europe. Panama also known as the “TAX HAVEN” country and considered the best jurisdiction for O shore Asset Protection & Family Trust. Panama’s stable e tropical climate all year round & beautiful beaches makes it an ideal place to live, invest, and retire.small country located in Central America and also is known as Paradise for People from all over the world move to Panama to spend their retirement in Panama. Panama Executive Decree No. 320 stipulates that the retirees requesting “pension residenc requires that the applicants have an income or pension of US$1,000 per month and additional $250 for each dependent. Once the visa petition is
led before the Imm
Department, a permanent residence permit will be granted to the applicant within short period of time. This is one of the most popular ways to obtain residency status for life in
(https://www.panamalegalcenter.com/bene ts-of-relocating-to-panama/) Panama Island
BENEFITS OF RETIRING IN PANAMA? 15% discount on hospital bills 10% discount on prescription medicines 20% discount on medical bills 50% discount on entertainments 30% discount on bus, boat, and train fares 25% discount on airline tickets 50% o hotel stays from Monday through Thursday
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HOW TO RETIRE IN PANAMA? - PANAMA LEGAL CENTER 30% o hotel stays from Friday through Sunday 25% discount at restaurants 15% discount at fast-food restaurants 15% discount on dental and eye exams 20% discount on professional and technical services 50% discount in closing costs for home loans 25% discounts on utility bills 15% o on loans 1% less on home mortgages for homes used for personal residence One time tax exemption for household goods up to $10,000 Duty exemption for importing a new car every two years
(https://www.panamalegalcenter.com/how-to-retire-in-panama/) Panama Beaches
RELOCATE TO PANAMA TODAY & ENJOY STRESS FREE LIFE IN PARADISE! A ordable Cost of living Home Tax Exemption Safe & Secure Country U.S. Dollar Currency Booming Economy Financial & Commercial Hub Political Stability
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HOW TO RETIRE IN PANAMA? - PANAMA LEGAL CENTER
How To Apply For Panama Retirement Visa? panama retirement visa & permanent residency is a process that can be achieved by applying to Panama Immigration o ces via a Panamanian licensed attorney. In order to ap must follow the following steps: 1. Applicant must register his / her passport at Panama Immigration o ces 2. Applicant must pay all the required immigration fees for pensionada visa 3. The attorney must present power of attorney application along with all required documents to Panama immigration, with Government fees & Repatriation Deposit (if applicable 4. Panama immigration o ce will review all the documents and upon approval issues “Provisional Residency Card” 5. After few months, Panama immigration o ce make a formal approval and will issue ” Permanent Residency Card”
What Documents Needed For Retiree Visa? The following documents must be assembled and submitted to the Panama immigration o ce when applying for Panama retiree residency visa:
Notarized Power of Attorney Two (2) passport sized photos of the applicant and his dependents Certi cate of health Copy of passport including covers Special immigration form ( Declaracion jurada ) Proof of pension or social security funds for life Required immigration certi ed checks Responsibility letter Original Police report clearance apostile & authenticated and translated by o cial translator in Spanish ( FBI report for USA citizens )
NOTE: Once an applicant is approved by Panama immigration o ces, he must go to the immigration o ce for taking his picture for the residency ID card.
WHY TO RETIRE IN PANAMA? There are many bene ts and advantages for retirees to retire in Panama. Panama is o ering low cost of living and beautiful beaches. Panama City s o ers all the amenities tha could long for. Panama’s capital is as much a modern metropolis as any. And it is often considered an “Americanized” city thanks to the long-term involvement of the United Sta the Panama Canal. Shopping and dining options abound at prices that are much lower than what you will nd in big cities in the United States. A three-course meal at a nice re can be had for as little as $30-$50. Panama has a long history as a destination for expats. This means that quality Spanish, French, Italian, American, Japanese, and Middle restaurants are easy to come by. Panama City also boasts modern hospitals and top of the line medical facilities. There are even great options for a ordable health care which is come by in the likes of the US. English speaking doctors are very common. In general, Panama has a low language barrier. Many Panamanians speak English, making the tran living in a new language much less stressful. While Panama City o ers all the amenities of a modern capital, there are plenty of other regions of Panama for those who wish to es life. Whether beaches,mountains or the city calls your name, Panama has plenty of all three. With a perfect climate all year round, it’s easy to see why so many people choose t their golden years in Panama. In addition to the above, Panama government o ers special bene ts in form of discount for retirees. FOR MORE INFORMATION, GET IN TOUCH WITH US info@panamalegalcenter.com
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