{"id":"panama-pensionado","name":"Panama Pensionado Residence","type":"RBI","status":"operational","country":"Panama","country_code":"PA","url":"https://www.mirabelloconsultancy.com/immigration/panama-pensionado-visa","min_investment":{"amount":null,"currency":"PAB","route":"Lifetime pension of at least B/. 1,000 a month (plus B/. 250 per dependant; B/. 750 with Panamanian property over B/. 100,000). Proof of income, not an investment"},"qualification_basis":"financial_means","investment_routes":null,"family_pricing":null,"processing_time":null,"visa_free_count":null,"passport_index_rank":null,"key_destinations":null,"travel_access":null,"minimum_stay":null,"tax_note":"income tax: Progressive rates on Panama-source income only: 0% up to USD 11,000; 15% on USD 11,000-50,000; 25% above USD 50,000.; CGT: Capital gains on Panama-source assets are taxable; real-estate sale gains generally attract a 10% capital-gains tax (often collected as a 3% advance on the sale price). Foreign-source capital gains are not taxed under territoriality.; inheritance tax: No inheritance or estate tax in Panama.","path_to_citizenship":"Naturalisation under Constitution art. 10: five consecutive years of residence, with an express renunciation of the nationality of origin and proof of Spanish and civic knowledge; three years with a Panamanian spouse or children; shorter reciprocity terms for nationals by birth of Spain and Latin American states. No citizenship by investment.","highlights":["Permanent residence for retirees with a lifetime pension of at least B/. 1,000 a month (PAB is at par with USD)","Indefinite permit with no renewal; territorial tax system"],"atomic_answer":"Panama grants permanent residence to retirees with a lifetime pension of at least B/. 1,000 a month from a foreign government, international organisation or private company, plus B/. 250 a month per dependant; the floor is B/. 750 if the applicant owns Panamanian property bought for more than B/. 100,000 (Decreto Ejecutivo 320 of 2008 arts. 200 to 203). The permit is indefinite and needs no renewal.","fees":null,"last_updated":"2026-10-08","data_freshness":null,"mirabello_index":null,"regulatory_status":{"fatf_list":null,"eu_tax_list":"annex_i","us_sanctions":null,"oecd_crs_high_risk_scheme":true,"as_of":"2026-06","note":"Factual status as published by the FATF and the EU Council. Inclusion reflects AML/CFT or tax-governance work programmes, changes regularly (several reputable jurisdictions have been listed and delisted), and its practical impact varies by use-case. Always linked to the official source.","sources":["https://www.oecd.org/en/topics/sub-issues/international-standards-on-tax-transparency/residence-citizenship-by-investment.html","https://www.consilium.europa.eu/en/policies/eu-list-of-non-cooperative-jurisdictions/"],"oecd_crs_note":"Names JURISDICTIONS whose investment-migration schemes meet OECD risk criteria for circumventing Common Reporting Standard tax reporting (low/no personal income tax on offshore assets + <90 days physical presence). It is a tax-transparency monitoring list, NOT a statement on programme legitimacy; in practice financial institutions apply additional residence/tax checks to documents from these schemes."},"processing_stages":null,"required_documents":null,"biometric_enrolment":null,"dependant_additions":null,"nationality_naturalisation":{"years_of_permanent_residence":{"1":["SV"],"2":["AR","CO","EC","ES","HN","MX","NI","PE"],"3":["UY"]},"default_years_for_unlisted":5,"basis":"Constitution of Panama art. 10(3): nationals by birth of Spain or of a Latin American state may naturalise on the same terms their country applies to Panamanians. SNM publishes the resulting reciprocity list, expressed as years of permanent residence in Panama.","note":"Every nationality not on this list, Italy included, naturalises on the ordinary five consecutive years (art. 10(1)), or three through a Panamanian spouse or children (art. 10(2)). The shortened route requires nationality by birth, not by naturalisation. Colombia: an older SNM sheet lists it at one year (Ley 43 of 1993); the current version cites Ley 2332 of 2023 at two years, and the newer, more conservative figure is used."},"retirement":{"route_name":"Panama Pensionado (retiree) permanent residence","region":"Latin America","tags":["retirement","passive-income"],"income_requirement":{"amount":1000,"currency":"PAB","period":"month","basis":"pension","per_dependant":250,"reduced_amount":750,"reduced_condition":"applicant bought Panamanian property in their own name for more than B/. 100,000","note":"Lifetime pension from a foreign government, international organisation or private company; spouses may combine pensions. PAB is at par with USD."},"net_worth_or_deposit_option":null,"stay_requirement":{"days_per_year":null,"rule":null,"stated_by_official_source":false,"note":"No minimum-stay rule appears on the Servicio Nacional de Migración requirements sheet PRP-JP (read 2026-10-08). That is not proof that none exists; confirm before relying on it."},"foreign_income_tax":{"treatment":"territorial","label":"Territorial: only local-source income is taxed, so foreign pensions and investment income are generally untaxed.","note":"Panama taxes only Panama-source income; foreign pensions, dividends, interest and gains are outside the scope (KB tax_information; tax profile PA). (unverified)","source":"https://taxsummaries.pwc.com/panama/individual/taxes-on-personal-income (secondary)","tax_residence_caveat":"Tax follows tax residence, not the permit: the treatment applies once you are tax-resident there. Information, not tax advice."},"path_to_pr":"Permanent from grant: the permit is indefinite and needs no renewal (SNM sheet, exception 4). Dependent children hold a temporary permit until 25.","path_to_citizenship":"Naturalisation under Constitution art. 10: five consecutive years of residence, with an express renunciation of the nationality of origin and proof of Spanish and civic knowledge; three years with a Panamanian spouse or children; shorter reciprocity terms for nationals by birth of Spain and Latin American states. No citizenship by investment.","official_source":"https://www.migracion.gob.pa/wp-content/uploads/2026/04/PE2.pdf","legal_basis":"Decreto Ejecutivo 320 of 2008 arts. 200 to 203 as amended by Decreto Ejecutivo 26 of 2009; Ley 9 of 1987","as_of":"2026-10-08"},"record_kind":"retirement_route","region":null,"provider":"Mirabello Consultancy","source":"Mirabello Consultancy","verified_by":"Mirabello Consultancy (IMC member, ACAMS certified)","book_a_consultation":"https://www.mirabelloconsultancy.com/contact-us-for-your-free-consultation","terms":"https://www.mirabelloconsultancy.com/ai","disclaimer":"Provided by Mirabello Consultancy Ltd. for general information only, indicative and subject to change without notice; not legal, financial, tax, or immigration advice, nor an offer or solicitation. Programmes are operated and governed solely by the respective sovereign governments. No warranty of accuracy or completeness; Mirabello accepts no liability for reliance on this information. © Mirabello Consultancy Ltd. This data and its selection, structure and provenance are Mirabello's proprietary compilation — permitted for interactive, attributed use only; systematic bulk extraction, scraping, or redistribution to rebuild a competing dataset is prohibited (acceptable-use terms: https://mcp.mirabelloconsultancy.com/v1/terms). Terms: https://www.mirabelloconsultancy.com/ai","data_updated":"2026-10-08T16:34:28.879Z","foreign_income_tax":"territorial","income_requirement":"1000 PAB/month (pension)","claims_provenance":{"foreign_income_tax":{"source_url":"https://taxsummaries.pwc.com/panama/individual/taxes-on-personal-income","source_tier":"secondary","verified_at":"2026-10-08","confidence":74,"review_due_at":"2027-01-06"},"income_requirement":{"source_url":"https://www.migracion.gob.pa/wp-content/uploads/2026/04/PE2.pdf","source_tier":"official","verified_at":"2026-10-08","confidence":92,"review_due_at":"2027-01-06"}}}