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Retired Private-Income Residence (Five-Year Permit)

PanamaLiving from your own income

Explore the five recorded questions, answers and sources for this pathway.

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Is this aimed at retirees, pensioners, financially independent people, passive-income holders or another profile?

This route is for the 'rentista retirado' (retired person living on private income) profile, under permit code PPT-RR.

See recorded sources
Limits of the record
  • This citation shows only the profile label; the income-source definition of the profile (Art.196) is cited in this via's R3 answer.

Which types of income/assets are accepted according to the official source?

The qualifying income is interest from a fixed-term deposit at Banco Nacional de Panamá or Caja de Ahorros, certified by that bank as to the deposit amount, the interest generated, its duration and that it is free of liens, together with a bank-authenticated copy of the deposit certificate.

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What income, savings or financial-resources threshold applies and how does family affect it where officially specified?

The threshold is a monthly income of 850.00 balboas coming exclusively from interest on a fixed-term deposit at Banco Nacional de Panamá or Caja de Ahorro, with the interest free of liens or guarantees of any kind, for a minimum period of five years. The official source does not state how dependants affect the threshold.

See recorded sources
Limits of the record
  • How dependants affect the threshold is not stated.
  • https://www.migracion.gob.pa/wp-content/uploads/01.RENTISTA_RETIRADO.pdf
    Artículo 196: “Podrá solicitar este permiso el residente temporal en calidad de rentista retirado, el extranjero que ingrese al territorio nacional y acredite devengar una renta mensual de ochocientos cincuenta balboas (850.00), que provenga exclusivamente de intereses producto de depósito a plazo fijo en el Banco Nacional de Panamá o la Caja de Ahorro, y cuyos intereses devengados producto de este depósito, estén libre de gravamen o garantías de cualquier naturaleza, por un periodo mínimo de cinco (5) años”.

Can the holder work locally, run a business or perform other economic activity? What is the family position?

Dependants may be included; an adult dependant under 25 must provide a notarised letter of responsibility and repatriation, proof of kinship (birth or marriage certificate), proof of domicile, a certificate of single status and a study certification. The official source does not state whether the holder may work locally, run a business or perform other economic activity.

See recorded sources
Limits of the record
  • The source does not state whether the holder may work locally, run a business or perform other economic activity.
  • https://www.migracion.gob.pa/wp-content/uploads/01.RENTISTA_RETIRADO.pdf
    9. En caso de dependientes: El solicitante mayor de edad y menor de 25 años deberá aportar: - Carta de responsabilidad y Repatriación (Notariada). - Constancia de parentesco (certificado de nacimiento o matrimonio que demuestre el vínculo). - Prueba de domicilio - Certificado de soltería y Certificación de estudios.

How long is the status granted, what is required for renewal, what physical-presence obligations matter, and what longer-term residence direction exists?

The permit is granted for five years and may be extended for an equal term by submitting the previous requirements, except the criminal-record certificate. Withdrawing the fixed-term deposit at any time after the first five years, or breaching the terms of Law No. 9 of 1987, the Decree-Law or the regulation, causes loss of the incentives and rights granted by that Law. The official source does not state a physical-presence obligation or a permanent-residence or citizenship direction.

See recorded sources
Limits of the record
  • No physical-presence obligation is stated.
  • No permanent-residence or citizenship direction is stated.

These are the answers currently recorded in the catalogue. A missing or partial answer is not an eligibility decision.

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