An Amazing Adventure Is Waiting For You! Leave All Your Worries Behind... Let Us Take Care Of Everything For You! We're Your Panama Relocation Experts! Our 6 day 5 night ALL-INCLUSIVE Panama Relocation Tour ™ will introduce you to the inexpensive and wonderful lifestyle available when you retire … Get the Details
Like all countries, Panama has immigration laws which govern how long a tourist can stay in Panama and the immigration law also defines the rules for getting a Visa to live in Panama indefinitely. If you want to live in Panama, or obtain a second legal residency in Panama, you’ll need to get a permanent residency Visa. This Visa entitles you to live in Panama indefinitely. There are many different kinds of Visa and the rules are different for each one. The Visa most foreigners are interested in are the Pensionado Visa or the Friendly Nations Visa because they are the least expensive and the fastest Visa for getting permanent residency status. Below I will discuss the process for getting either of these Visas but first I want to discuss the big differences for qualifying for each.
The Pensionado Visa, also known as the retiree Visa, is the easiest and least expensive Visa to get. To qualify, you will need to show a lifetime income of $1,000 per month pension plus $250 per month for each dependent. So, a couple would need to prove $1250 a month in lifetime income from a pension, Social Security, military retirement. It is the least expensive Visa because the government of Panama waives all fees which saves you $1050 in expenses. The draw back of this Visa is that you can never work in Panama. You cannot offer any services or products for sale in Panama if you have a Pensionado Visa. The benefits are that you get a lot of discounts like 25% off all airfare, 25% off utility bills, 50% off movie theaters, 20% off prescriptions and restaurants.
The Friendly Nations Visa is the ideal Visa to get if you do not have a pension and/or if you would like to work in Panama. You do not need to prove any income other than to open a Panama bank account with a deposit of $5,000 plus $2,000 for each dependent. As soon as you get your Visa, you can start spending the money in the account. To apply for this Visa, you will either need a labor contract (job offer) or you will need to set up a corporation which shows Panama that you have the “intent” of doing business in Panama. Additional good news… if you are a woman who is 55 or a man who is 60 you will still qualify for all the Pensionado discounts even though you have the Friendly Nations Visa.
Unfortunately, getting a residency Visa is a multiple step process which will require several trips to Panama. Some of our tour clients decide to start the Visa process immediately after a Panama Relocation Tour since they are already in Panama.
These are the steps for getting a permanent residency Visa in Panama:
1. Select a Panama lawyer to work with. The lawyer will send you a list of documents you will need to obtain in your country. You will need a national criminal report, like an FBI report, marriage certificate, proof of pension if applying for the Pensionado Visa, etc. Most of those documents will need to be apostiled. Most documents cannot be more than 6 months old but better to apply for a Visa within 1-2 months after you get your documents. Bank reference letters cannot be more than 30 days old. You will need a Panama bank account to get the Friendly Nations Visa. You should confirm that your lawyer can help you set up a bank account for the Friendly Nations Visa. During a Panama Relocation Tour, you will meet the lawyer who handles all the Visa applications for our tour clients. And we will also help you set up a Panama bank account in 1-2 hour!
2. Once you have all the documents the lawyer requested, you should scan then email them to your lawyer so they can make sure everything is correct and get everything translated in to Spanish before you arrive. You certainly do not want to make a trip to Panama only to find out that one of the documents is not correct.
3. When you arrive in Panama, the first day you will meet with your lawyer at their office to sign documents giving them the authority to represent you at immigration. There is also a questionnaire form that is required for getting a Visa. Don’t be surprised if you are asked if you have even been a prostitute or a drug dealer. This will be a 2 hour meeting.
(NOTE: If you get your documents authenticated at the Panama Embassy in your country instead of an apostile, there is an additional step in Panama which must be done before you can apply for your Visa at immigration. You will need to get all documents authenticated by the Ministry of Foreign Relations in Panama City. This will take 2 days and they charge $5 per document. You can avoid this step if you get your documents apostiled.)
4. The 2nd day, you will meet your lawyer, or their representative, at immigration to file your application for a Visa. This will take 1-3 hours depending on the line.
5. On day 3, you will meet your lawyer at immigration again to get your temporary or also called a processing Visa. The temporary Visa is good for 6 months. This gives immigration time to verify all the documents you have submitted. Once everything is verified, and before the 6 months is up, you will be notified by your lawyer that your permanent Visa is ready. You will probably be at immigration 2-4 hours this day.
6. If you do not plan to stay in Panama for the 6 months that your Visa is being processed, you will need to get a Multi-entry Visa stamp in your passport. This allows you to leave Panama while immigration is processing your Visa. Your lawyer will help you with the Mulit-Entry Stamp process. You will need to give immigration your passport. It will take 2 days to get it back. Failure to get the Multi Entry Stamp will result in a $2000 fine if you leave Panama while you are in the processing phase.
7. About 2 months to 5 months after you get your temporary Visa, your lawyer will notify you that your permanent Visa is ready. This will require a trip to Panama City for 1 day to get your permanent resident Visa.
8. The day you get your permanent Visa, your lawyer will apply for your Cedula (a national ID card) which you can pick up about 1 month later or your lawyer can pick it up for you. The Cedula or national ID card is good for 10 years so you will need to come back to Panama to renew your Cedula if you are not already living in Panama.
9. Once you get your Cedula, you can apply for a work permit if you got the Friendly Nations Visa. It takes several months to get the work permit and cost $500.
As you can see, getting your permanent Visa will take more than one trip to Panama. There are multiple steps in the Visa process.
Once you get your Visa, you are NOT required to live in Panama, but you are required to come back at least every 2 years for a visit.
10. After 5-years, you can apply for Panama citizenship and a passport IF you have lived in Panama the two previous years before applying.
I know it sounds complicated. And it certainly would be very complicated if you were trying to get a Visa without the help of a competent Panama lawyer. They will make the whole process easy for you. Picking the right lawyer to work with is essential in the entire Visa process.
Want to get a job in Panama and bypass the need to get a Visa or work permit first? The solution is to work for a Multinational company who has established a headquarters in Panama. If you are offered a job by one of these companies, you will get a 5-year Permanent Employee Visa which can renewed. The Multinational company pays for the Visa (no cost to you) and you do not need to get a work permit. Click on the link below to see a brochure in English with more details about multinational company opportunities in Panama:
Unfortunately, there is not a one-stop place to find a listing of all the jobs available through the Multinational Companies. You’ll need to go to each company’s website to see what jobs are available. Spanish will be required for some jobs but not for all jobs. (see the links at the bottom of the page for some job postings)
Several Panama Relocation Tour clients have obtained good paying (6-figure salary) jobs with multinational companies. So, it is possible to get a job in Panama but it will require a lot of investigating to find them. You’ll need to check out the jobs for each company individually and it certainly helps to have an impressive resume.
If you get a job with a Multinational company you are also exempt from all taxes on your income in Panama.
Law No. 41 in Panama creates a Permanent Employee Visas specifically for foreign employees of the Multinational Company. These special visas will be issued for a 5-year period and can be renewed.
Multinational headquarters are set up in certain areas in Panama City. The City of Knowledge, Cuidad del Sabor, houses many Multinational companies with job opportunities. Click on their website link below then Click on WORK AREAS, then click on the company logo to be taken to information about the company and a link to their website:
Below is a list of additional Multinational companies in Panama. To find out what jobs are available with the companies, you’ll need to do a google search the “company name Panama” then look for their careers or jobs listings.
|Maersk Central America S.A.||Denmark||Maritime|
|Procter & Gamble International Operations||USA||Goods|
|Inelectra Panama S.A.||Venezuela||Construction and Engineering|
|LG Consulting Corp.||South Korea||Goods|
|Productos Roche Interamericana, S.A. (Prisa)||Switzerland||Pharmacy|
|Hyundai Heavy Industries Co. L.T.D.||South Korea.||Construction and Maritime|
|Aes Latin America||USA||Energy|
|Total America Latina Y Caribe||France||Energy|
|Endress + Hauser Instruments International Ag||Switzerland||Measuring Instruments|
|Western Union||USA||Money Transfer|
|Thunderbird Entertainment S.A.||USA||Entertainment|
|Peugeot Panama S.A.||France||Automation|
|Halliburton International Inc.||USA||Energy|
|Pan American Life Global Services, S.A.||USA||Insurance|
|Cemex Caribe, S.A.||Mexico||Construction|
|Moffatt & Nichol Latinamerican Inc.||USA||Engineering|
|Dell Panama Inc.||USA||Technology and Telecommunications|
|W. W. Grainger, Inc.||USA||Industrial Supply|
|BASF S.E.||Germany||Chemical, plastics and technology|
|Samtec||USA||Electronic Interconnect Industry|
|We Simplify the Internet (WSI)||Canada||Technology and Telecommunications|
|William Wrigley Jr. Company (Wrigley)||USA||Food Processing|
|DHL Express||Germany||Express and Logisticas|
|Safra J. Asset Management S.A.||USA||Advising|
|Kumho Tire Panama Co. Inc.||South Korea||Automation|
|Hyosung Corporation||South Korea||Industry|
|Vf Sourcing||Luxembourg||Textile Industry|
|Alfa Laval, S.A.||Sweden||Engineering and Services|
Here are a few websites where jobs are posted. These are not necessarily Multinational companies though so some of these jobs would require a residency Visa and a work permit:
PANAMA PACIFICO — https://logistics.gatech.pa/en/assets/special-economic-zones/panama-pacifico/companies
FIRST QUANTUM MINING – http://careers.first-quantum.com/cw/en/listing/
GLASSDOOR — https://www.glassdoor.com/Job/panama-jobs-SRCH_IL.0,6_IN194.htm
CAREERARC — https://www.careerarc.com/job-search/jobs-in-panama-city-panama-panama.html
DELL – https://jobs.dell.com/location/panama-jobs/375/3703430/2
To find more jobs available, go to the WORK AREA section at the City of Knowledge website. See the list of company logs in each category, then click on the logo to be taken to the company website.
Even though it IS possible to get a job in Panama, you may be able to make more money by starting your own business which is easy to do in Panama.
There are so many things that I love about living in Panama. Here’s my short list of the 7 things that I like best:
I appreciate that my cost of living in much less than it was Texas. In Texas my electric bill was $250 to $450 a month. In Panama, my electric bill is rarely over $25 a month. In Texas, my water bill was $80 a month. In Panama, I pay $100 for water for the whole year. My cell phone bill is only $15 a month It’s only $12 to see an excellent doctor. And my international health insurance is 80% less than I’d have to pay in the US. I especially love that I do not have any property taxes and my house and car insurance are less than $200 a year each. These all adds up to big savings!
I love that Panama is a small country. I can drive from my house in the mountains to the Pacific Ocean in about 1 hour. I can drive to the Caribbean Sea in 3 hours. If I ever get in the mood to go to Panama City, it is a short 35-minute flight. In Panama when you drive just 30-60 minutes the scenery will change and the weather will be different too.
I love how friendly and welcoming the Panamanian people are to foreigners and to each other. Because foreigners have been coming to Panama for hundreds of years, the Panamanian people feel comfortable being around foreigners. The Panamanian government puts out the red carpet for foreigners by making it super easy to get a residency Visa to live in Panama indefinitely. And with certain Visas, you can even get a work permit to legally work in Panama.
I love that living in Panama reminds me of what it was like when I lived in the United States in the 60s and 70s (but with high speed internet and cable TV added). It’s a simpler stress-free lifestyle. People are friendly. Neighbors talk to each other. Panamanians are extremely patriotic. Sure, there are inconveniences but they seem so minor compared to all the pluses.
I love that I can grow just about anything in the mountains of Panama. Flowers, vegetables, bananas, fruit trees all flourish in Panama. Anything that I cannot grow at my altitude (4500 feet), like pineapple or rice, grow easily at lower altitudes. Plus, there are fish from two oceans. There is a 365-day growing season which supplies food without importing anything.
I love the natural beauty in Panama. If you’re a beach person, you’ll love the long sandy beaches. There are 1500 miles of coast line in Panama and every beach is a little different. If you’re a mountain person, you’ll love the lush green mountains and miles of rolling vistas. You can walk through a rain forest. You’ll see thousands of unique flowers and trees. There are 1200 species of birds in Panama including many rare birds. I have hundreds of humming birds at my property every day.
The thing I love the most about living in Panama is the weather and the fresh air. One of the reasons I left Texas was because I was fed up with living in 100-degree summers and cold, icy winters. In Texas, I either had my air conditioner on or my heater on almost all year. But in Panama, living in the mountains, I don’t even need an air conditioner or heater. I have my widows open every day, so I can get fresh, clean air. Daytime temperatures are in the low to mid-70s. Evening temperatures are in the mid-60s. To me, this is perfect weather and the perfect place to live.