NOTE: In the case of dependent children, their permission will be temporary until they turn twenty-five (25) years old if they can prove they are full time students. However, they will not have the right to the continuance of the Panama Pensioner Visa, except for those dependent children that suffer a verified physical or mental disability.

IMPORTANT NOTE: If the pension income certification document issued by the Government or by Social Security does not specifically state that the payment is a “PENSION” and it is for “LIFE”, then the applicant must provide a signed Affidavit (Sworn Declaration) stating that the payment is in concept of a “RETIREMENT PENSION” and that it is for “LIFE”. This Affidavit (Sworn Declaration) must be authenticated by a Public Notary & Secretary of State Apostil if issued in the USA, or otherwise, authenticated through the US consulate office in Panama.

NOTE: In the case of spouses, the two can be approved if they have a combined sum of at least US$1,000 per month pension income for life.

• Letter from an administration of foreign business of pensions, of trusts, of mutual funds, of insurances, or a bank, that certify that the funds exist to guarantee an annuity of the applicant for life;
• Certification of existence and work of the business that offers the pension and administers the fund;
• Payment proof with a copy of payments or statement from the bank.

IMPORTANT NOTE: If the Pension is from a Private Company: Client must provide a letter on company letterhead from the company that pays the applicant’s retirement or pension income, signed by a representative of the company, with complete contact information for verification purposes, certifying that the person receives a “pension for life” (the Pension Letter must use the words “pension for life”) in the amount of at least US$1,000 per month. This document must ‘original’, ‘official’, ‘updated’ and ‘authenticated’ (please check explanation below of these terms).