{"id":"panama-rentista-retirado","name":"Panama Rentista Retirado Residence","type":"RBI","status":"operational","country":"Panama","country_code":"PA","url":"https://www.mirabelloconsultancy.com/immigration/panama-rentista-retirado-visa","min_investment":{"amount":null,"currency":"PAB","route":"Monthly income of B/. 850 exclusively from interest on a 5-year fixed-term deposit at Banco Nacional de Panamá or Caja de Ahorros"},"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. A gain on selling Panamanian real estate outside the seller's ordinary business is taxed at 10%, with a mandatory 3% advance on the higher of sale price or cadastral value, which the seller may elect as the final tax. Foreign-source capital gains are not taxed under territoriality.; inheritance tax: No inheritance or estate tax in Panama (abolished from 1 January 1986); the gift tax was also repealed in 2002.","path_to_citizenship":null,"highlights":["Temporary residence (5 years, renewable) on B/. 850 a month of deposit interest","Deposit must sit at a Panamanian state bank for at least 5 years"],"atomic_answer":"Panama's Rentista Retirado permit gives 5-year renewable temporary residence to a foreigner whose monthly income of at least B/. 850 comes exclusively from interest on a fixed-term deposit at Banco Nacional de Panamá or Caja de Ahorros held for at least 5 years (Decreto Ejecutivo 320 of 2008 arts. 196 to 199).","fees":null,"last_updated":"2026-10-08","data_freshness":{"verification_confidence":92,"last_verified":"2026-10-10","fields_tracked":2,"stale_fields":0},"mirabello_index":{"composite":70.6,"rank_overall":null,"rank_in_type":null,"scores":{"tax":85,"stability":65},"confidence":0.29},"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 Rentista Retirado (retired rentier) temporary residence","region":"Latin America","tags":["retirement","passive-income"],"income_requirement":{"amount":850,"currency":"PAB","period":"month","basis":"passive","per_dependant":null,"note":"Interest only, from a fixed-term deposit at Banco Nacional de Panamá or Caja de Ahorros held at least 5 years. The sheet sets no extra amount per dependant."},"net_worth_or_deposit_option":{"amount":null,"currency":"PAB","kind":"fixed_term_deposit","required":true,"note":"The B/. 850 a month must come exclusively from interest on a fixed-term deposit at Banco Nacional de Panamá or Caja de Ahorros, free of liens, held at least 5 years. No deposit amount is fixed: it is whatever yields B/. 850 a month at the bank's rate."},"stay_requirement":{"days_per_year":null,"rule":null,"stated_by_official_source":false,"note":"No minimum-stay rule appears on the SNM requirements sheet PPT-RR (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 income produced within its territory, wherever it is received (Código Fiscal art. 694, first paragraph, as restored by Ley 1 of 8 January 2014, G.O. 27450-A; Ley 27 of 2015 amended only Parágrafo 1 literal e). Income from foreign sources, such as foreign pensions, dividends, interest and gains, is therefore outside the scope (KB tax_information; tax profile PA). The statute states the source principle, not a list of income types.","source":"https://s3-legispan.asamblea.gob.pa/legispan/NORMAS/2010/2014/LEY/Administrador%20Legispan_27450-A_2014_1_10_ASAMBLEA%20NACIONAL_1.pdf","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":"Temporary residence for 5 years, renewable for the same term (Decreto Ejecutivo 320 of 2008 arts. 196 to 199). The sheet does not convert it to permanent residence.","path_to_citizenship":null,"official_source":"https://www.migracion.gob.pa/wp-content/uploads/2026/04/PE1.pdf","legal_basis":"Decreto Ejecutivo 320 of 2008 arts. 196 to 199 as amended by Decreto Ejecutivo 26 of 2009; Ley 9 of 1987","as_of":"2026-10-08"},"golden_retirement":{"standard":"Mirabello Golden Retirement Index","applies_to":"Panama Rentista Retirado (retired rentier) temporary residence","tier":"partial","tier_label":"Partial: meets most of the standard, with one gap","score":77,"confidence_grade":"B","renewal_category":"every 5 years, no permanent status","renewals_before_pr":null,"pillars":{"tax":24.5,"presence":20,"financial":9.5,"durability":7,"processing":8,"healthcare":3,"family_work_mobility":4,"pr_citizenship":1},"reasons":["The income must be transferred to, or held in, the country","Requires a locked deposit of about US$230,000, above the US$50,000 Golden line"],"as_of":"2026-10-11","methodology_version":"1.1.0-2026-10-11"},"record_kind":"retirement_route","region":null,"family":{"id":"panama-rentista-retirado","country_code":"PA","family_model":"included_at_application","relatives":{"spouse":{"eligible":null,"unmarried_partner":null,"same_sex":null,"min_age_inclusive":null,"conditions":"SNM sheet addresses 'dependientes' with proof of kinship by birth or marriage certificate; spouse not separately named."},"children":{"eligible":true,"max_age_inclusive":24,"age_rule_text":"Dependent applicant 'mayor de edad y menor de 25 años' must supply responsibility letter, kinship proof, proof of domicile, single-status certificate and study certificate.","age_measured_at":"application","adult_child_max_age_inclusive":24,"adult_child_conditions":"Adult (18+) under 25: unmarried, studying","step_adopted":null,"disabled_child_any_age":null,"age_bands_for_fees":[]},"parents":{"eligible":null},"grandparents":{"eligible":null},"siblings":{"eligible":null},"other":{"eligible":null}},"timing":{"together_with_main_applicant":null,"add_later":null,"add_later_conditions":null,"add_later_deadline":null,"after_approval_births_marriages":null,"age_out_during_processing":null},"costs":{"currency":"PAB","contribution_includes_family":"Sheet sets no extra income amount per dependant (B/. 850/month interest from 5-year Banco Nacional/Caja de Ahorros fixed deposit)","per_category":{"spouse":null,"child_under_18":null,"child_18_plus":null,"parent":null},"government_fees":[],"due_diligence_per_adult":null,"notes":"Permit 5 years, renewable for same term; withdrawing the deposit within 5 years loses incentives."},"dependants_status":{"residence_obligation":null,"work_rights":null,"independent_after":null,"citizenship_path":"none","if_principal_divorces_or_dies":null},"verification":"single-authority verified","confidence":{"authority":0.8,"freshness":0.8,"textual_clarity":0.45},"evidence":[{"field":"relatives.children","basis":"SNM sheet PPT-RR item 9 (Decreto Ejecutivo 320/2008 arts 196-199)","source_url":"https://www.migracion.gob.pa/wp-content/uploads/2026/04/PE1.pdf","source_tier":"B_official_guidance","verified_date":"2026-10-09"}],"conflicts":[],"gaps":["Spouse and minor-child rules not on the sheet","Parents","Timing (together/later)","Fees","Whether 'menor de 25' is max age 24 (interpretation)","Work rights"],"last_checked":"2026-10-09"},"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":"2026-10-12T19:35:18.892Z","foreign_income_tax":"territorial","income_requirement":"850 PAB/month (passive)","claims_provenance":{"foreign_income_tax":{"source_url":"https://s3-legispan.asamblea.gob.pa/legispan/NORMAS/2010/2014/LEY/Administrador%20Legispan_27450-A_2014_1_10_ASAMBLEA%20NACIONAL_1.pdf","source_tier":"official","verified_at":"2026-10-10","confidence":92,"review_due_at":"2027-01-08"},"income_requirement":{"source_url":"https://www.migracion.gob.pa/wp-content/uploads/2026/04/PE1.pdf","source_tier":"official","verified_at":"2026-10-08","confidence":92,"review_due_at":"2027-01-06"}}}