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BENEFITS GRANTED BY TOURIST PENSIONER VISA IN PANAMA | 12-11-2012
 

Any foreigner that receives a lifetime monthly pension of US$1,000 on behalf of a foreign government, international organization or private company is eligible for the Tourist Pensioner Visa in Panama.

The benefits granted by this visa are the following:

• One time Duty tax exemption for household goods up to a total of $10,000
• Duty exemption to import a new car every two years
• 50% off entertainment anywhere in the country (movies, concerts, sports)
• 30% off bus, boat, and train fares
• 25% off domestic airline tickets
• 50% off hotel stays from Monday through Thursday
• 30% off hotels stays from Friday through Sunday
• 25% off at restaurants
• 15% off at fast-food restaurants
• 5% off hospital bills (if no insurance applies)
• 10% off prescription medicines (some pharmacies offer 20% off)
• 20% off medical consultations
• 15% off dental and eye exams
• 20% off professional and technical services
• 50% reduction in closing costs for home loans
• 25% discounts on utility bills
• 15% off personal loans
• 1% less on home mortgages for homes used as a personal residence


In the event that the applicant acquires a real estate property under his or her name in Panama, with a value over US$100,000, the required monthly pension shall be equivalent to US$750.



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