REPUBLIC OF PANAMA
MINISTRY OF PUBLIC SECURITY
NATIONAL MIGRATION SERVICE
REQUIREMENTS FOR PENSIONER RETIRED (PRP-JP)
Article 200: “Foreigners who receive retirement or pension may request this permit. by a foreign government, international organization or private company, that enter to the national territory to settle there and has sufficient economic means to cover all their subsistence expenses and those of their dependents in the country. The rent or monthly pension cannot be less than one thousand balboas (B/.1,000.00) and must be granted in for life.”
1. Power of Attorney (notarized) and Request. The power of attorney must contain the name and nationality of the applicant's parents.
2. Three (3) photographs.
3. Duly verified copy of the passport (Notarized or Authenticated corresponding).
4. Criminal Record Certificate.
5. Health Certificate.
6. Affidavit of Personal History Form.
7. Certification of your status as a retiree or pensioner from foreign governments, international organizations or private companies, in which it is proven that they receive a lifetime pension of not less than one thousand balboas (B/.1,000.00) per month or its equivalent in foreign currency.
8. Additional economic solvency of two hundred and fifty balboas (B/.250.00) monthly for each dependent, which can be justified with additional pension or local bank reference.
9. Public Registry Certificate of the real estate (if applicable).
10. If it is a pension or retirement from a private company, it must be contributed In addition to the requirements established in this article, the following:
• Letter from a foreign pension administration company, trust, mutual funds, insurance or banking, certifying that manages funds for the company or applicant.
• Certification of existence and validity of the company, which grants the pension and manages the fund.
• Copy of payment receipt or bank account statement. EXCEPTIONS TO THE RULE:
1. In the event that the applicant has acquired property personally in the territory national for a sum greater than one hundred thousand balboas (B/.100,000.00), the pension may be for a minimum of seven hundred and fifty balboas (B/ 750.00).
2. In the cases of spouses, you may choose to credit the sums of both for comply with the minimum established pension, which is one thousand balboas (B/.1,000.00).
3. In the cases of dependent children, their permission will be temporary until they turn twenty-five (25) years as long as they prove that they carry out complete studies, not However, they will not have the right to permanence or to pensioner status. A exception of those dependent children who suffer from a profound disability proven.
4. This Permit is indefinite so it will not require an extension.
LEGAL BASIS: Political Constitution of the Republic of Panama, Law 9 of 24 of June 1987, Decree Law 3 22 February 2008, Executive Decree No. 320 08 August 2008, Article 200, 201, 202 and 203 modified by Executive Decree No. 26 of 02 of March of 2009, Law 38 of 2000.