RETIRED OR PENSIONADO HEALTH CARE AND OTHER BENEFITS
HOW DO I QUALIFY FOR THIS PROGRAM?
The applicants’ retirement income (or private pension income) must be at least a LIFE TIME US$1,000 per month. For each dependent, the retirement income (or private pension income) amount must be increased by US$250.
For a complete overview of the Pensionado Tourist Visa Program please visit our Relocation to Panama webpage:
Pensionado Visa (Retirees Program) – Information for US Residents
Pensionado Visa (Retirees Program) – Universal Information
HEALTH CARE BENEFITS
THE LAW – No. 6 – JUNE 16, 1987
Discounts on prescription drugs and health care services:
20% on general, specialist and surgical doctor fees
15% on hospital and private clinic bills
15% for dental services
15% for optometry services
10% on prescription drugs (some pharmacies give up to 20%)
ADDITIONAL BENEFITS
Airfares 25%
Restaurants 25%
Fast food chains 15%
Movies, theatres and others 50%
Public transportation (air, ground, and sea) 30%
Lodging 30% to 50% (on weekdays)
Technical and professional services 20%
Utility bills 25% (certain restrictions apply)
MORTGAGE BENEFITS
Closing costs for personal loans 50%
Interest rate for personal loans 15%
Mortgage interest rate 1%
For more information please visit our Mortgage and Insurance in Panama Website.
TAX EXEMPTIONS
A one-time exemption of duties on the importation of household goods up to US$10,000 in total value
100% duty exemption on the importation or purchase of an automobile.
For more information please visit our Car Insurance Website.
About The Panama Club, our Relocation to Panama Agency:
How does The Panama Club work?
We are here to provide you orientation to your life or visit to Panama. Before your arrival in Panama, we start working to help you plan your budget and coordinate any services necessary. Our guidance and coordination services are free of charge. We charge for specific services you solicit and we offer very competitive prices. Most of our providers are internal, we have licensed professionals in the following areas: real estate, insurance, attorneys, mortgage brokers, travel and tourism, concierge, customer service and coordination.
Once you contact us, our team will coordinate every single aspect involving your relocation to Panama. Our team members speak Spanish, English, French and German. We can coordinate other languages upon request. We are here to make your life easier and to make your relocation as easy as possible.
We have established excellent relations with the government:
The Panama Club has been selected by the Ministry of Commerce to assist Multinational Headquarters who are relocating under law 41.
We also have extensive networking skills and providers in every single aspect that you might require. Our newsletter will keep you updated with life in Panama, including assisting you in a social and business integration, which is very important for Panama to fully become your home…
Our services include:
Residential and Corporate Relocation
New Business Set Up
Real Estate (License # 2543), Legal Counsel and Insurance (License PJ 178)
Private Investment Agency in Panama
The Panama Club’s Concierge Service
Cultural, Business, and Social integration
