How To Become A Pensionado Resident In Panama
May 15, 2009
"Is the US$1,000 per month pension income requirement to qualify for Panama's pensionado visa per person or per couple making the application?"
-- An attendee at the Live & Invest In Panama Conference this morning
Panama attorney Rainelda Mata-Kelly, addressing the group, replied:
"The US$1,000 requirement is per couple.
"Furthermore, you can use two or more separate pensions to add up to the US$1,000 minimum. The husband can have two pensions that add up to US$1,000...or the husband can have one for US$500, for example, and the wife one of her own for, again, at least US$500.
"If, though, the husband has a pension of at least US$1,000...and the wife has her own pension of at least US$1,000...then I suggest that the two apply for individual pensionado residency status. In the long run, this approach can have its advantages."