Visa or Permanent Residence Permit for Retired Rentier

1. Personal Documents

• Original Passport and Full Copies:

  • Valid passport with at least six months of validity.
  • Copy of all passport pages, including blank pages.

• Recent Photographs:

  • Four passport-size color photos with a white background.

• Birth Certificate:

  • Original or authenticated copy, duly apostilled or legalized in the country of origin.

• Criminal Record Certificate:

  • Issued by the competent authorities of the country of origin or residence within the last two years.
  • It must be apostilled or legalized by the Panamanian consulate and the Ministry of Foreign Affairs.

• Medical Certificate:

  • Issued in Panama by a qualified doctor.
  • It must indicate that the applicant is in good physical and mental health.
  • Date of issuance no more than three months at the time of application.

2. Financial Documents

• Bank Certification:

  • Issued by the National Bank of Panama or the Savings Bank.
  • You must confirm the investment of a Term Certificate of Deposit for a minimum of five years.
  • You must indicate that the certificate is free of encumbrances.

• Authenticated Copy of Certificate of Deposit:

  • Copy of the fixed-term deposit certificate authenticated by the issuing bank.
  • You must detail the conditions of the investment and confirm that it will generate a minimum monthly income of US$850.00.

3. Legal Documents

• Power of Attorney and Visa Application:

  • Documents drafted and submitted by a Panamanian attorney.
  • They include the power of attorney to represent him and the formal request to the National Migration Service.

• Affidavit of Personal Background:

  • Form provided by Immigration.
  • The applicant declares that he or she has no criminal record in Panama or abroad.

• Letter of Responsibility (if applicable):

  • If you include dependents (spouse, minor children, or parents), you must submit a letter assuming financial responsibility for them.

• Marriage Certificate (if applicable):

  • To include the spouse as a dependent.
  • It must be apostilled or legalized.

• Birth Certificates of Dependent Children (if applicable):

  • For children under 18 years of age, or up to 25 years of age if they are university students.
  • They must be apostilled or legalized.

4. Other Documents

• Proof of Payment of Immigration Fees:

  • Payment of fees for the application process, including:
    • Application Fee: Usually around US$250.00.
    • Repatriation Deposit: Sometimes required, of US$800.00, although it may be waived in some cases.

• Certificate of Registration with the National Migration Service:

  • Biometric and personal data registration at immigration offices in Panama.

5. Additional Considerations

• Document Translation:

  • All documents issued in a language other than Spanish must be translated by a public translator authorized in Panama.

• Legalization and Apostille:

  • Documents issued abroad must be legalized by Apostille (Hague Convention) or, failing that, by the Panamanian consulate in the country of origin and then by the Ministry of Foreign Affairs in Panama.

• Validity of Documents:

  • Certificates and documents must have an issue date of no more than three or six months, depending on the type of document and migration requirements.