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Tourists are allowed to stay in Panama for 180 days. But if you want to live in Panama, you are required to get a residency Visa. Since 2012, the two most popular visas have been the Pensionado Visa and the Friendly Nations Visa.
To qualify for the Pensionado Visa, you need to prove a lifetime income (from Social Security, military retirement, or pension from a job) of $1000 for one person plus $250 for each dependent. For the Pensionado Visa, Panama does not accept 401k, IRA, annuities, or rental income. To qualify, the income must be a lifetime income. The Pensionado Visa is the most affordable visa because the government fees are waived for retirees.
The Pensionado Visa is also what’s called a fast-track visa because you get a permanent Visa in usually less than 6 months.
Unfortunately, in August 2021, the qualifications to get a Friendly Nations Visa change. It won’t be so friendly anymore. To get this visa after August 2021, you’ll either need to get a job in Panama, purchase real estate worth at least $200,000, or deposit $200,000 into a 3-year CD in a Panam bank. To make matters worse, initially, you are only issued a temporary visa that is good for two years. After two years, you can apply for your permanent visa.
There are many other visas but they all require substantial financial investments in Panama.
The most important requirement for any visa application is your national criminal report, like an FBI report if you’re a US citizen or an RCMP report if you’re Canadian. Even if you have some dings on your criminal report, you can usually get a visa UNLESS there is a felony. If you have a felony on your criminal report, you will not be able to get a residency visa in Panama. Even if these charges were 20, 30, or 40+ years ago, Panama will not allow you to get a visa.
If you have multiple DUI’s or misdemeanor drug charges, immigration may require you to provide a blood test to determine if there are drugs or alcohol in your system. If the test is clean, you can get a visa.
If your national criminal report is not completely clean, your attorney will need to request permission from the Director of Immigration for you to apply for a Visa. This process is called a Buena Vista and can take 2-4 months for approval. There is an additional charge for a Buena Vista. Once the Director of Immigration gives the green light, your attorney can help you apply for a residency Visa. Just because you apply for a Buena Vista, there is no guarantee that it will be approved.
If you suspect that you will have dings on your national criminal report, we recommend that you get your national criminal report now then consult with a Panama immigration attorney about getting a visa before you make plans to move to Panama. Search for companies in your area that do electronic fingerprints so you can get the results in about 30 minutes.
Keep in mind, that without a permanent visa, you will not be able to take advantage of any of the Pensionado discounts.
What Could Prevent You From Getting a Visa in Panama?
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Jackie and all of You at Panama Relocation Tours…. Ive heard nothing but GREAT things about You and the tours…. To be honest, I really didn’t think I would even receive a reply to my question… Thank You for getting back to me with an answer AND doing so, so quickly…..
Thanks,
Steve
You’re very welcome.
How do get a FBI report, I am seriously thinking of Panama or Costa Rica to get out of the cold and into the warm.
You can get your FBI report in about 1 hour by going to an FBI approved channeler (usually a UPS store) https://www.fbi.gov/services/cjis/identity-history-summary-checks/list-of-fbi-approved-channelers-for-departmental-order-submissions
or
go to a US post office
Hi Jackie,
I have been following you on Facebook and You tube for quite awhile. My wife and I had talked about visiting Panama several years ago. My idea, and she loved travelling, so she was open to spending time in Panama, but not moving there permanently! My beautiful wife lost her battle with lung cancer two years ago. I’m just now at the point to carry on with our/my retirement goals and dreams. In any event, I’m ready to come to Panama and look it over. I let my passport expire last year and have filed for renewal. It’s in process and have been notified it would be ten to twelve weeks to receive my new one. I am going to purchase your online relocation guide in the next month or so. I’m retired, drawing social security, and have a small photography business. Nature, landscape and wildlife.
To get more to the point, where do I get a FBI background check? I do have DUI’s from twenty five plus years ago, so I want to see what comes up before trying for a visa, as you recommend. I’m a layed back country boy living in Wyoming, who rides motorcycles, takes pictures and loves hiking the mountains. I feel like the Boquete area would be awesome, from what I’ve read and watched. Sorry for the long post and look forward to your reply.
Thanks,
John R. Stephens
HI John
I’m so sorry to hear about your wife. I can’t imagine how hard that is. The fastest way to get your FBI report is to use an FBI approved channelor. see the list here https://www.fbi.gov/services/cjis/identity-history-summary-checks/list-of-fbi-approved-channelers-for-departmental-order-submissions
Thanks for the update and information in regards to the FBI criminal background report, however, my question is does it matter if you were charged but not convicted on felony charges?
if it shows up on your FBI report that you were not convicted, then it will not matter. It’s best to ask a Panama immigration attorney.
im much younger age 50 but i see that the next few decades here
will be very difficult. im in miami , and watching your videos
nightly and wondering about this as an alternative to living in the
u.s. like to onow what is the social sceene like for american bachlers
meeting other americans , and are younger americans beging to migrate
to panama.thanks ramon
HI Ramon
A lot of people, in all age groups, move to Panama. There are several different organizations that organize weekly get togethers to help ex-pats meet each other and to help you meet Panamanians too!
I was interested in the Pensionado Visa, but my guaranteed income prior to getting Social Security is from an Annuity with a guarantee provision. I do not want to wait until I am 65 to retire, I want to retire in 2 years at age 60. That said, should I go for the friendly nations visa instead?
Hi Dana
Unfortunately, the annuity will not qualify for the Pensionado Visa. You can apply for the current friendly nations visa until the end of July. After that, the rules change substantially. https://panamarelocationtours.com/are-you-eligible-to-move-to-panama
Hello Jackie,
I’ve checked this site and, form my understanding, it looks like “a bank, an insurance company” are acceptable sources for annuity as long as it’s a lifetime. Can you please confirm if it is still true?
https://immigrationvisa247.com/retirement-visa-panama-pensionado-visa/
”
THE SOLUTION
MAKE RETIREMENT THE BEST YEARS OF YOUR LIFE!
Anyone over 18 years of age with a lifetime pension or annuity paying a minimum of $1,000 USD per month qualifies. Another $250 must be paid per month by the annuity or pension for each dependent. The annuity or pension can be paid by a private company, military, government agencies, corporations, a bank, an insurance company, or a Trust. This Panama visa provides several discounts from movie theaters, restaurants, hotels, pharmacies, concerts, and domestic airlines along with other products or services.”
Panama will NOT accept an annuity unless it is set up by your employer for a retirement plan. If you set up the annuity yourself, it will not be accepted by immigration to qualify for the Pensionado visa.
I am thinking about retiring in Panama. But, I won’t be retiring until March 2022. Is there anything that I should now, even though I am not ready yet? Please, advise me.
Thank you,
Even though you don’t plan to retire in Panama until 2022, you might start visiting Panama to determine WHERE you want to retire in Panama. A great way to get a good overview of Panama is during an all-inclusive Panama Relocation Tour. https://panamarelocationtours.com/tours
Hi Jackie, I was in Panama for 3 yrs quite a while ago let’s say 60 yrs ago.I’m not sure if I want to relocate there at 78yrs old. I have no interest in working and will book a tour with you just to be on the safe side. I have worked most of my life. My wife has passed after 52 yrs marriage. I have several pensions ;SSI,US Army retirement,USPostal retirement and VA Disability. I Just want a change I Think!!! So I will try your tour and see if it’s for me. Thanks TonyC
HI Tony. Thanks for your interest in Panama Relocation Tours. Panama has changed a LOT in the last 60 years. You’ll be amazed. You would qualify for the Pensionado Visa if your retirement income is at least $1000 a month. A tour would be an excellent way to see a lot of different areas in Panama to determine where you might want to live. See details at https://panamarelocationtours.com/tours
Jackie, I see Panama relocation tours everywhere and will likely take advantage of them in the future.
For now, a question about using annuities to qualify for $1000 per month income. We would like to not start collecting social security until 70, but will likely want to retire before that. You mention that a life time annuity (from an insurance company, say) would not qualify but there are many other sites which say they may. Does it depend on the attorney and how good they are, or is there just no way for this to happen.
annuities are ONLY accepted if it was set up by your employer for retirement.
If you set up the annuitiy, it is not accepted.
The attorney you use does not matter, those are the immigration rules.
I am a USA CITIZEN (of India origin) holding USA passport, 76 yrs old retired single male in good health…FINANCIALLY have lifetime social security (USA) of US$ 3000 +/month and handsome USA bank balance to carry me through the end of my life…
As I love to travel outside USA and for the last over 6 yrs. living in India as expat American (without returning to USA, but my US passport is active)… now being bored like to move to PANAMA following seeing your many videos online…
QUESTION: I can satisfy all requirements of PANAMA pension visa except the FBI background checkup to be replaced by INDIAN police backup checks…will it be acceptable?….thanks…
Yes, you can use an Indian background check if you have been living in India for the past 5 years at least
Hello, just recently my wife mentioned Panama, as a possible Retirement location. We have been immersed in the videos for the last couple of days. Wonderful Information. Presently, we are residing in Eastern Europe where my wife is from. With regards to the Pensionado visa, do both people need to be receiving Retirement income, or does one Retirement suffice for both people to receive the pension Visa? Thank you.
THANKS for watching our videos! I’m glad you are enjoying them. Only 1 person needs to be receiving a pension that is at least $1250 USD in lifetime income. With that income you can both get a Pensionado visa.
So, the amount of $1250 USD can come from a part of each of our pension combined ?
HI Mario, Yes, to qualify for a Pensionado visa, you can combine pensions to qualify. One person doe not need to have the full $1250.
My mother, sister and I looking to move to Panama. Mom is 81, I’m 55, and sis is 54. Mom and sis both have the required income for the Pensionado visa. I do not, at least for another 10 years. Can I be a dependent on my mom or sister’s? I do want to work at least some. Any advice? Thanks, Lorna
HI Lorna. Unfortunately, you cannot be a dependent of your Mom or sister. But you can get this visa https://panamarelocationtours.com/5000-friendly-nation-visa-option
if you plan to run a business in Panama OR https://panamarelocationtours.com/other-panama-permanent-residency-visa-options
Hi! My husband and I are probably a little more than a year off from being able to make the jump full-time to Panama. Question: Per your suggestion I want to do our national criminal background checks to make sure we are VISA eligible. Mine should be fine but my husband had a very small civil disobedience issue in the early 80s and I wonder if that will come up on his background check. Is it OK for us to have the results mailed to us or do we need to identify an attorney now and have those results mailed to the attorney? Panama Relocation Tours is incredibly helpful and I really appreciate all of your efforts.
You can get your FBI report in less than 1 hour using an FBI approved channeller — see the list at https://www.fbi.gov/services/cjis/identity-history-summary-checks/list-of-fbi-approved-channelers-for-departmental-order-submissions
Hello,
My husband is on a small dose of a pain medicine for medical reasons, a prescription. Would this be an obstacle for a visa? Are the hospitals in Panama good? What type of insurance would we need and is it expensive there?
Is there any one specific background check program that you have found to be easier in maneuvering and responsive to request?
if you’re from the US, go to an FBI approved Channeler https://www.fbi.gov/how-we-can-help-you/need-an-fbi-service-or-more-information/identity-history-summary-checks/list-of-fbi-approved-channelers-for-departmental-order-submissions
I have a portfolio worth around 3 million dollars. When you need cash, I’ll call my financial advisor and have him transfer money to my bank. Could this be configured into income requirements ?
HI Steve
Your portfolio would not qualify you for a visa in Panama even if your financial advisor transfers $1000 per month to your account. To get the Pensionado Visa, you need $1000 a month in lifetime income from Social Security or a pension from a job. Other visas require an investment in a 3-year Cd in a Panama bank or purchasing real estate in Panama.
I am a Canadian. How long is the criminal record report valid for the pensionado visa application. I am over 70 and receiving a municipal pension income and am thinking about living in Panama after watching so many of your informative videos.
Your RCMP cannot be more than 6 months old when you apply for a visa.
Hello Jackie, thank you for all the wonderful information. One question I have is, it was mentioned that there is a list of questions asked when applying for the visa. Is there somewhere I can access the list of questions?
HI Denise. We have the 9 pages of questions in the Online Complete Panama Relocation Guide. Look in the visa section — https://panamarelocationtours.com/guide
Hello
I am in Panama now and planning on staying for a month or so. Just saw your website today. I am planning on making a application for the pension visa. Can I get my fingerprints taken electronically here in Panama and sent back to Canada to get my criminal record from the RCMP? Can you provide a link to get this service done? As you say, the first step is to get the criminal record check done. Then I would buy your guide or take a tour.
Cheers
Don McCargar
Hi Don. You’ll need a lot more than your RCMP. In the Online Guide, we have recommendations of two companies who can help with all the things you need, including getting all documents authenticated at the Panama Consulate in Canada, even though you are already in Panama. They are fast and efficient.
https://panamarelocationtours.com/guide
Hi Jackie,
Thank you for providing such informative video content.
My FBI report is dated 04/11/2022.
Is that too old to submit for a Pensionado visa?
Apart from providing the FBI Report and Social Security $1000 monthly income, is there any other requirements to apply?
I’m planning to buy the online guide and visit April-May and would like to visit the Caribbean coast of Panama for residence consideration. Do you have any suggestions/tips?
Thanks,
Mike
Hello Mike, Your FBI report cannot be more than 6 months old when you apply for a visa. If you’re not married, then the only other thing you’ll need is Social Security income verification. All documents need to be authenticated by the Panama Consulate in the US. For the Caribbean side, I recommend Bocas del Toro. See our YouTube channel for some videos about living in Bocas. https://www.youtube.com/@PanamaRelocationTours