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Panama Pensionado (Jubilado) permanent residence: income requirement, dividends and tax
Dividend income does not count toward this program's requirement, per the official source.
Pensionado: Needs a lifetime pension of at least B/.1,000 a month. Dividends alone don't count, but a lifetime pension or annuity from a private entity may qualify (official source). Migración asks for extra documents for a private pension, and no product or provider is guaranteed to be accepted.
See the Panama guide comparing Pensionado, Rentista and Friendly Nations.
| Fact | What the official source says | Status | Primary source |
|---|---|---|---|
| Income floor | B/.1,000/month lifetime pension; B/.750/month if you also own Panamanian real estate worth over B/.100,000; plus B/.250/month per dependant. | Verified | migracion.gob.pa panamadigital.gob.pa |
| Do dividends count? | No, not on their own. Decreto Ejecutivo 320 of 2008 (art. 200) requires a jubilación or pensión of at least B/.1,000 a month, granted for life (vitalicia), from a foreign government, international body or private company. A lifetime pension or annuity (renta vitalicia) from a private entity may qualify. For a private-company pension, art. 201 (as amended by Decreto Ejecutivo 26 of 2009) also asks for a letter from the foreign pension, trust, mutual-fund, insurance or banking company certifying it administers the funds, a certificate that the company granting the pension exists and is in good standing, and a payment receipt or bank statement. Foreign documents must be apostilled or authenticated. | Verified | migracion.gob.pa panamadigital.gob.pa gacetaoficial.gob.pa gacetaoficial.gob.pa |
| Tax on foreign dividends | Panama taxes only income produced within its territory (territorial system, Código Fiscal art. 694 as restored by Ley 1 de 2014). Dividends paid by a foreign company on foreign shares are foreign-source. | Verified | organojudicial.gob.pa |
| Tax on crypto gains | Not yet verified. No official statement on crypto gains found. | Not yet verified | — |
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