• P.H Obarrio 60, Floor 14, Office 14-C
  • Calle 60, Obarrio, Ciudad de Panamá, Panamá.

Moving and Cargo Tips, Panamá

In May of 2012, President Ricardo Martinelli issued a Presidential Decree 343 declaring that citizens of 22 friendly nations could apply to become permanent residents in a fast track manner.

Since then, other Decrees have increased the number of friendly nations to 50.

The formal wording of this permanent Panama residency visa is for “citizens of friendly nations with professional and economic ties with the Republic of Panama”.

List of 50 Friendly Nations for Panama Visa

  • Great Britain
  • Germany
  • Argentina
  • Australia
  • Republic of Korea
  • Austria
  • Brazil
  • Belgium
  • Canada
  • Spain
  • USA
  • Slovakia
  • France
  • Finland
  • Netherlands
  • Ireland
  • Japan
  • Norway
  • Czech Republic
  • Switzerland
  • Singapore
  • Uruguay
  • Chile
  • Sweden
  • Poland
  • Hungary
  • Greece
  • Portugal
  • Croatia
  • Estonia
  • Lithuania
  • Latvia
  • Cyprus
  • Malta
  • Serbia
  • Montenegro
  • Israel
  • Denmark
  • South Africa
  • New Zealand
  • Hong Kong
  • Luxembourg
  • Liechtenstein
  • Monaco
  • Andorra
  • San Marino
  • Taiwan
  • Costa Rica
  • Mexico
  • Paraguay

Retirees or persons with “lifetime” pensions may qualify for the Panama retirement visa, also called the “Panama Pensionado Visa”.

The Panama Pensionado Visa allows foreigners to obtain legal residency in Panama under the condition that they have a pension income guaranteed for life.  According to the Panama Immigration Department, there is no minimum or maximum age required to qualify, you only need to provide the requirements and documents listed below.

The applicants’ retirement income (or pension income) must be for life, and must be a minimum of one thousand US Dollars (US$1,000) per month.  If your lifetime pension income is less than US$1,000 per month, but equal to or more than US$750 per month, you may purchase any Panama real estate property with a value of at least US$100,000, which reduces the lifetime monthly pension income requirement down to a minimum of US$750.

The Panama retirement visa applicants’ pension income must be proven by providing documentation such as a letter from the institution or company that pays the retirement or pension income. This certification must be notarized and authenticated by the Panamanian Consulate nearest you (or by apostile).

Visa Benefits

  • One time Duty tax exemption for household goods up to a total of $10,000.
  • Duty exemption for importing a new car every two years.
  • 50% off entertainment anywhere in the country (movies, concerts, sports)
  • 30% off bus, boat, and train fares
  • 25% off airline tickets
  • 50% off hotel stays from Monday through Thursday
  • 30% off hotel stays from Friday through Sunday
  • 25% off at restaurants
  • 15% off at fast-food restaurants
  • 15% off hospital bills (if no insurance applies)
  • 10% off prescription medicines
  • 20% off medical consultations
  • 15% off dental and eye exams
  • 20% off professional and technical services
  • 50% reduction in closing costs for home loans
  • 25% discounts on utility bills
  • 15% off loans made in your name
  • 1% less on home mortgages for homes used for personal residence

Tax Exemptions: As a qualified “Panama pensionado visa” holder, you will be entitled to:

  • A one-time exemption of duties (taxes) on the importation of household goods up to US$10,000 in total value.
  • 100% duty exemption on the importation or purchase of an automobile every 2 years.

With a click, you will obtain useful tips for the relocation of your lovely pet.

Pet Relocation Advises
Instructions – Pet Kennels

With a click, you will obtain useful tips for cargo transportation.

Tips For Cargo Securing
Pallet Packing
Type Of Containers For Shipping Cargo

Are you moving to Panama? Do you know how much money you will need to maintain your current standard of living?

Find out what is the real equivalent in Panama of your current salary and improve your chances of a happy relocation.

 Click here

Source: Expatistan

Visit Panama

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