Offering a vast array of options we represent
Beach, Highland and Panama City Real Estate
, let us assist you on Investing on your next
dream house and initiate you New LifeStyle.
Panama is one of the very few countries in
the world where your foreign business is tax-free
and that do not require you to keep accounts.
This is because Panama 's tax system is based
on the territorial principle, according to
which local natural or legal persons do not
have to pay taxes on income derived from foreign
sources.
Several VISA options are offered for you to
consider once you decide to Relocate to Panama
, it has one of the best Retirement Laws in
the World, which will provide you and your
family a residents VISA for you to reside
indefinitely and several additional benefits.
Even dough you could legally stay in the country
with a Tourist Card (restrictions apply) during
your visits we do recommend to consider acquiring
a Pensioner's VISA on the long term.
Who
can apply for a Pensioner's VISA?
All foreigners that are retired or pensioned
by international governments, organizations
or private enterprises and their dependent
family members.
Which are some of the Benefits (restrictions
apply)?
-
Reside indefinitely in Panama .
-
Right of Special Passport of personal
use, wife and dependents under (18) years
of age.
-
Tax Import exemption of personal goods
of up to $10,000.00
-
Tax Import exemption of cars for personal
and family use, one every two years
-
Movie Theaters, Sports Events and Entertainment
Activities 50% Discount
-
Public Transportation Discount, 30% in
Buses, Trains and Boats and 25% on Airlines
-
Hotels Discount, 50% Monday through Thursday
and 30% Friday to Sunday
-
Restaurants 25% Discount
-
Fast Food Restaurants 15% Discount
-
Services of Hospitals and Clinics 15%
Discount
-
Medicines purchased with a Medical Prescription
10% Discount
-
Discount in Medical Services & Consultations
-
Prosthesis, Apparatuses and Accessories
of Aid 20% Discount
-
1% Adjustment in Mortgage Rate on Residence
of Personal Use
-
Electric Bill up to 600k Wh 25% Discount
-
Phone Bill Fix Fee 25% Discount
-
Water Bill 25% Discount
Summary
of Requirements:
-
Power of Attorney and Form of Request
through Panamanian Lawyer
-
Medical Certificate of Good Health
-
HIV Test
- Good
conduct certificate issued by Police
- Copy
of Passport authenticated by Notary
- (4)
Photographs ID Size
- Certification
of complete names and nationalities of
the applicant
- Original
Passport with a minimum issued date of
six months
- Document
that credits your condition of retire
or pensioned by a international government,
organization or private enterprise
- That
the applicant receives a monthly income
or pension none less than $500. If it
has dependents an additional $100 for
each dependent
- If
the applicant is a retiree of a private
enterprise it should present documents
that credit that the company is operating
and proof of payment of pension
This
information is of reference please contact
our Agent's for additional details or our
Lawyers for further information of the benefits
and requirements, other options available
like the Reforestation VISA & Investment
VISA, contact us to determine which is best
for you.
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