Retired Rentor Visa

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Program of Second Passport under Retired Rentor Visa

Many people for familiar or personal investment reasons need to travel to other countries, with a travel document different from the passport of their country of origin.

For people with that need, we have the right solution, tailor-made for you. We can provide you with personalized and professional legal assistance to apply for the Retired Rentor Visa in the Republic of Panama. This type of Residence allows the applicant to enjoy the benefits of being a resident in this country, in addition to issuing a Passport as a travel document. 

This travel document is valid and extended once the applicant has been approved for Resident Status. The status of Resident in Panama, as well as the right to obtain this travel document, is only valid for the period of five (5) years, renewable.

 The applicant must only prove the following:

1- Maintain a fixed term account for the approximate amount of USD.400,000 for a period of 5 renewable years in the bank approved for this program by the National Immigration Service. This amount may vary according to the interest rate paid by the International Market with reference to the Republic of Panama.

2- Maintain a good Police Record of your place of origin or residence, duly apostilled.

3- Visit the Republic of Panama to start the residency process.

If you have this need, contact us to start your residency process in Panama.

To start the application process, the applicant must have a monthly receipt of an income of USD$850 generated exclusively from a State Bank, in this case, Banco Nacional de Panama. The interests obtained from this deposit must be free of any guarantee of any nature for at least 5 years.  

 Documents required to start the application process:

1) Ten passport size photos.

2) Two sets of color copies of all the pages of your current passport, duly legalized by Apostille or by the Panamanian consulate in the applicant's country of origin.  

3) Health Certificate issued by a Panamanian health professional.

4) Certification of Banco Nacional de Panama confirming that the amount of interest generated by the deposit on account is valid and that the account is active for 5 years. 

5) Authenticated account certification, issued by the bank. 

6) In case of having dependents:

a. Responsibility letter issued by the main applicant.

b. Proof of local residence in Panama. 

c. Authenticated Marriage Certificate valid for 6 months from issue or an authenticated birth certificate.  

d. If the dependent is an adult under the age of 25: 

d.1 You must verify your singleness through a certificate legalized by the State.

d.2. If the dependent is studying, they need to verify it through a Certificate of Studies from the Technical Institute or University. 

7) A duly legalized and apostilled police record issued by the national police or a similar document issued in the applicant's country of origin.  

8) All documents that are issued in the applicant's country of origin must be duly legalized with an apostille or stamp from the Panamanian consulate in the applicant's country of origin.  

Our fees include: Consulting, execution of processes and processing of documents, multiple visa and follow-up until completed.

Our fees do not include: No type of appeal before the National Immigration Service.

IMPORTANT: 

Once the "Resident Visa Retired by own means" has been granted, it offers residence and a special Panama passport for the applicant and their immediate family according to the provisions of Law 09 of 1987. This special Panamanian passport has the same Validity than any other Panamanian passport and includes the nationality of the applicant's country of origin. This passport will be valid only for a term of 5 years equivalent to the validity of the Certificate of Deposit (CD). Therefore, if the applicant decides to withdraw funds from the account before the valid term of the CD, the passport and their residence visa will be automatically canceled. Applicants will lose their Panamanian passports and their immigration rights immediately.    

This type of visa and its benefits must be renewed every 5 years in the bank and in the Panamanian Office of Migration Services. Legal and government fees apply for renewal in the same way as at the time of the initial application.