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What documents do I need to provide to prove a lifetime income for Panama’s pensionado visa application?

I want to know what kind of documents are acceptable as the proof of income for the pensionado visa application. I just inherited some money from my aunt, but I am not sure if it is enough to meet the requirements of a lifetime income stipulated by the rules of this visa.


Answers
  • Gomez Tomiczek
    September 09, 2019

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

  • Mulford Abogados
    September 09, 2019

    To prove a lifetime income for Panama’s pensionado visa application, you must provide a vertification as a retired or pensioned by foreign government, international organizations or private companies, in which it is established that you receive a pension of not less than $1,000 USD per month. If the retirement or pension is from a private company, it must be provided, in addition to the above, the following: letter from a foreign company that manages pension, trust, mutual funds, insurance or banking, certifying that is authorized to manages funds for the company or the applicant; certification of existence and good standing of the company, which provides and manages the pension fund; copy of pay stub or bank statement. If you have not fulfilled the requirements, there are others types of visas, such as an investment visa for $80,000 or a friendly countries visa.

  • Kraemer & Kraemer
    June 25, 2019

    The pensioner's and retiree's visa requires a lifetime minimum income equivalent to $1,000 per month. The required documents are either an apostilled income letter from a government agency or international organization, and if the funds are from private investment, then it is acceptable if paid by a trust, mutual fund, bank or insurance company, proven apostilled letter of income is provided, along with an apostilled certificate of incorporation for the entity and slip of payment.

  • Panama Global Solutions
    June 26, 2019

    In order to apply for a resident permit as a foreign retiree, you must provide a document issued by a foreign government or company confirming you’re entitled and currently receiving a lifetime pension as a retiree, equivalent to $1,000 U.S. dollars per month or more. Unfortunately, inherited money will not qualify as such.