Panama’s Famous Pensionado Discounts
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- čas přidán 27. 02. 2021
- Panama rolls out the red carpet for retirees in Panama. Panamanians and ex-pats enjoy discounts in just about everything in Panama. You can enjoy 25% off airfare to anywhere in the world! 25% off utility bills, 20% off at restaurants, 10% discounts at pharmacies, 50% off at movie theaters, and more.
Foreigners must have a permanent residency Visa to get the discounts. With the Pensionado Visa or the Friendly Nations Visa, you can get the famous Pensionado Discounts.
The Pensionado discounts are just one way that you can live BETTER in Panama for LESS!
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You had me at airline discounts. I’m moving there permanently. 😊
Yes i know that, very nice to be legalized in this amazing Country ❤
I just fall in love with this lady …. !!!!!!! Mamacita. !!!!!!
Thank you for these details; I am looking forward to the discounts. I am glad you mentioned that people should be selective in asking for their restaurant discounts. :-)
You are so welcome!
Love your videos, Marianna!
I didn't realize these pointers on the Pensianado program. Very informative. Many thanks!
Great information. Thanks!
Wow Marianna, that's way more than in wonderful New Jersey! 😱 I like what I hear! Thanks for this video! 😊
Glad you enjoyed it!
Wow 🤩 I didn’t realize y’all have such a good discounts in almost everything! Lol 😂 I know my family has told me about it but I didn’t realized it’s such a good deal! And Mariana, you’re such a good and charismatic person, I really enjoy every video of PRT!!!! I’m from Panamá but living in the States for sooooo long, but I want to go back as soon as possible! Hopefully soon! (I’m wondering if you’re Panamanian? You definitely looks like one but you speak English very well and with no accent, like a native English speaker)
Awesome most of the discounts I was unaware of. Great information
Thanks for watching!
Very interesting news. Thanks for the video!
Thanks for your great information. See you soon!
Great video, I knew about some discounts, but your presentation is an excellent reminder.
Glad it was helpful!
@@PanamaRelocationTours I was born and raised in panama city. I haven't been home in over 15 years. I will be a tourist in my native country. I have two foreign cars, great union job and my rent is $2400 for a two bedroom. I want to go back to Panama and purchase a home but the red tape is keeping me at bay. One thing I know for sure I have to find a home away from the city simply because I need tranquility after living in NYC for so many years. I recently tried purchasing a apt at the Galvez the building I grew up in. Its now a condo under construction and I got the run around.Thats Panama for you. 😢🇵🇦
@@1onsight852 OMG, you're in NYC?? lawlz!! That means that when you come back to Panama you will live like a king!! ...even if you spend 1/2 of what you currently spend in NYC. Welcome to Panama!! BTWm to ease with the red tape, one thing that many have done to expedite the process is to find a trusted person to administer the property you currently have in NYC and set it up as an AirBNB. It's truly not worth it to ship your two cars. You're better off selling them and buying two brand spakin' new ones in Panama. As you await to sell them, the same administrator you left your property with can also administer the temporary rental of your vehicles via a service called Turo (look into it) (in case you are still making payments on them) and that way you won't even need to worry about cash-flow issues. And Turo even provides insurance for damage or loss. And no, I don;t work for AirBNB nor Turo. lol I will already say: Welcome to Panama.
Great information, thank you.
Good information , thank you !
Thank you. This was helpful.
Glad it was helpful!
Great info, thanks
Good information. Thank you
Glad it was helpful!
Wonderful to know. Brilliant.
Thanks for watching
Great to hear about tax free purchase of local vehicle. Does that mean ITBS tax. What tax exactly
Mi esposa y yo hemos tenido nuestras visas de pensionado durante varios años, aunque aún no nos hemos mudado. Pero, Mariana, eres una jovencita muy linda.
Gracias!
Does internet service qualify for the 25% utility discount?
Thank you very much for this very valuable info! I am very interested in knowing, are there Latin Masses in Boquete and how many Catholic Churches are there in Boquete? Is it possible to live near a Catholic Church in Boquete and not need a car? If you could do a video on this, I would be so appreciative. Thank you and God bless you.
Panama is 85% catholic. There is always a church nearby
Thank you so much!! 😊🙏
@@PanamaRelocationTours Thank you so much!! 😊🙏
With the friendly nation visa, how long can the holder of the visa be outside of Panama.
you cannot be outside of Panama more than 2 years once you get a Visa
Didn't know about the tax free on auto purchases, but one discount you didn't cover is discounts on loan fees when you purchase a home. Also, I thought the discounts on doctors is if one doesn't have insurance and is paying in cash.
It's rare that expats get a mortgage because you must pay it off before you turn 70, interest rates are high, and you must get a life insurance policy naming the bank as beneficiary.
Marianna, it was a very interesting video and as I plan to come to Panama for an exploratory visit this November, I'll buy a one way ticket in Belgium and for the return I'll buy a return ticket in Panama. It was great news. I'VE already verified that my pension could be paid to a Panamean Bank, so when I come I'll open a bank account and find a flat to move on my return to Panama. Do you think 2200€ monthly will be sufficient ? That's how much pension I'll receive. Thanks Hugue from Brussels- Belgium
You can live well in Panama with that pension.
Yay!
Never knew about discounts on utilities. How do you go about it??
you have to show your Visa card to the utility company.
Every time I watch a video or go on the YT live with Jackie, I get closer and closer to deciding that Panama is my number one choice to move to. Hoping you'll do more specific vids like this one, especially on what is required in terms of paperwork to be able to move there. Mariana, can you please do a video on the TRUTH about how Black people are treated in Boquette? I have seen others who live in Panama that say the Expats are not very kind to people of color there and that they are changing the environment rather than adjusting to the people there. Thanks!
Watch this video of a woman of color who lives in Boquete -- czcams.com/video/AnQNnPCjq6g/video.html And see the other videos of black people who live in Boquete.. There is absolutely no discrimination. If the person is nice, it does not matter what color you are, you will be treated well. If the person is NOT so nice, regardless of what color you are, you will not be treated well. So perhaps the person who said that she was not treated well was NOT a nice person. Most Panamanians have dark skin.
Mariana, very good response! I have seen one or two videos on CZcams of people that bring up this issue of discrimination. I just want to say to those that are bringing up this issue, please, please, Panamanian citizens are all mixed and we don't see in color. With this negative mentality, they are going to ruin the country. A country where we all live in peace and without the racial discrimination. My advice is that when you come to Panama, you need to integrate into the Panamanian culture and its people, equally, your own country man whether they are white or black. otherwise you would be the person with racial problems. Panama DO NOT need that mentally.
@@adori4t9094 Both of your responses are good, but I must say that the Original Poster: @LVNCSR was worried, not of the local Panamanian population having prejudices against People of Colour, but rather, that it might be a vestigial legacy of some of the White Americans immigrating there? The question, IMHO, still remains, has that ever been an issue in Panama, especially as many seem to gravitate towards "gated communities" and live in their own cultural enclaves. I think this is a valid question that should be spoken to whether it is a valid concern or not. But it is through dialogue that we are able to clear up such matters, because, let's face it: The way certain events have presented themselves in the U.S. of A., especially in the past 3 years, are enough to resurface old wounds and ignite generations of PTSD amongst those to whom segregation and discrimination became a systemic nightmare. And I would not blame an African American from wanting to ensure that with their exodus to Panama that they weren't simply going to jump from the frying pan and into the fire. Can you offer any assurances, not of the Panamanian community (we already know that Panamanians are very accepting racially and ethnically), but of the wave of American's moving into Panama? And probably not so much he ones who immediately integrate and live and eat where the native Panamanians hang out, but the Americans that tend glom together in affinity groups. Is there any reason for concern there? What have people's experiences been, especially the validated experiences of people of colour? I re-ask that as a Panamanian of mixed race in the spirit of absolute transparency on behalf of the OP. Thank you kindly.
is the hesitation to give the discounts pertain to just a restaurant now and again, or does this happen with other services as well?
If you ask for the discount and show your cedula or permanant visa, restaurants and other services will give you the discount.
Great info. Pretty face. I liked!
I am 48 and retired military. I have a qualifying pension. I was told that the age limits are only for Panamanians seeking their retirement visa. If I get my Visa do get the discounts even being 48. Can you clear this up for me...Thanks.
Hello, if you qualify for the Pensionado Visa, you can get the discounts at any age.
i'm fascinated to learn who covers the discounts..... not quite the bargain one might hope.
The discount is covered by the added revenue the economy gets from foreign earned incomes from so many retirees which end up moving to Panama and their pensions, originating from out of Panama end up directly funnelling money into the Panamanian economy. So, Panama is very glad to extend those amenities whilst benefiting members of its own ageing population as well. So, by you going to Panama, even with all of those discounts you will be getting, you, in fact, will be paying for these retirement benefits to the Panamanian population as well. ;-) So, welcome to Panama! Truly a win/win situation!! :D In other words, it's quite the bargain everyone would hope for. You can't beat that with a stick! :D
Can someone with a pension below the age requirement get a pensionado visa? If they have the required monthly income. I’m an army veteran and I have my pension already and am younger than the pensioners age
If you have the required lifetime income of $1000 per month for a single plus $250 for each dependent, you can get the pensionado visa
But do you still get the discounts if you don't meet the age requirements?
@@PanamaRelocationTours Correct me if I am wrong. As long as you are 18 years or older if you qualify on the $1000 per month lifetime income guaranty, you can get the Pensionado Visa and will be entitled to the benefits.
@@tammyhess8402 It has been a while since I read the law, but my belief is yes. I do highly recommend following Panama Relocation Tours however since they are experts on the subject and someone you can trust.
@@dickfowler296 I do follow them closely 😊 and I think that's what I heard them say before
Are there any discounts for legal services while going through the application process?
no. You only get Pensionado discounts after you get a Permanent Visa. However, we have negotiated discounts with all the immigration lawyers we work with. You can get the complete list in our panamarelocationtours.com/guide
@@PanamaRelocationTours thank you so much. Your videos and information has inspired me to now begin a deeper move. Again, you guys are the best. 🤩
Where do you get it, once you are there?
You get the discounts AFTER you get a Visa. In the video, we mentioned some of the places where you can get a discount.
I didn't know it is possible to tax free purchase of a vehicle in Panama. Is this purchase allowed every 2 years, like the import?
There is still an import tax plus transportation costs.
Luego te hago algunas? Preguntas tengo una pareja en Panamá y quiero retirarme digo ya estoy retirado pero quiero saber como hago para recibir mi Seguro Social allá. Tengo varios proyectos soy electromecanico. Y tecnico en electrónica industrial. Soy de puerto rico pero estoy en Springfield Ohio. Gracias por tu explicación sobre el retiro y descuentos...
puede hacer que su Seguro Social sea depositado directamente en su cuenta bancaria de Panamá.
So if we successfully receive the pensionado visa are we then eligible to receive Panamanian passport?
A Pensionado Visa only gives you permission to live in Panama indefinitely. Five years after you have your permanent visa, you can apply for a Panama passport. You'll need to do an interview in Spanish and take a history test in Spanish. If you pass the interview and test, you can get a passport
When you mentioned passports, does that mean when I am due to renew my US Passport that I can get a discount on the price?
no, you get a discount on Panama passports if you are a jubilado (pensionado)
@@PanamaRelocationTours Thank you.😊
Marianna i didn't know about the discounts in the hotels. I'll come to.Panama probably in May or June of this year. My original reason for moving to Panama was a fiscal.one. the hungry Belgian taxman shaves 500 euros of taxes on my 2300 euro.pension. that I find most irritating. Then I heard of the Pensionado visa and discounts and I watched the vlogs from people who had made the move and I was sold. My name is Hugue. I'm 65 and from Brussels -Belgium. I'll buy your guide book and the access to your Facebook page that goes with it. And I'll.probably take a local guide from your company. So I'll come for an exploratory visit first and to open a bank account. Then I'll fly back to Belgium to communicate the said bank account number to the Office des pensions and once that done I'll come to.Panama for good. During my exploratory visit I plan to stay a couple of weeks in the highlands and the rest at sea level probably at Bocas del Torro. I'll then be able to judge the heat and decide what I like best : the wet spring time of the highlands or the summer all year long of the seaside. Cheers Hugue
you get discounts at hotels after you get your permanent visa. You need to call the hotel directly to get the discount.
How about if you are younger with pension visa
If you have at least $1000 a month in lifetime income, you qualify for the Pensionado visa
Are there any visas for younger people who are living off their passive incomes?
YES! The Friendly Nations Visa would be ideal. Learn more at panamarelocationtours.com/demystifying-the-panama-residency-visa-process
@@PanamaRelocationTours Thanks!
Tax free auto purchase... that is one I did not realize. Guess I will wait to buy the vehicle....
Absolutely! I've known of so many people who kick themselves in the pants after they pay to ship their vehicle to Panama, only to discover that they could have purchased one in Panama tax free! lol Plus, there is much less red tape in Panama for dealerships to import vehicles from other countries so, that exotic "foreign" car you've been eyeballing may be all that less expensive too. Enjoy and welcome to Panama! :D
I should’ve came years ago!
It's never too late. Come see how you can LIVE BETTER for LESS in Panama!
I don't have a pension, but I have a large investment portfolio. Are there legal methods that I can use to create a pension in the US?
You can get the Friendly Nations Visa in Panama by depositing $200,000 into a 3-year CD at a Panama bank.
@@PanamaRelocationTours But the Friendly Nations Visa doesn't include all the great discounts that come with the Pensionado Visa, does it?
does this include cell phone bills?
no
What about a panamenian living in the USA , and retire
The discounts ONLY apply in Panama.
If u have the Pensionado Visa, I believe u only have to be 18 years old to qualify for the discounts. Also, to my understanding, the flights have to be rd trip from Panama in order to get the discount.
I taught pensionado ment retired folks that worked for many years and living off their penshion or ss
It does not need to be a round trip from Panama anymore. Copa offers this discounts on flights originating in North America.
@@brussell1626 18 as long as u have an income or pension of at least $1000 per month.
@@PanamaRelocationTours thanks for the update! That covers a large portion of the America's. Wonder if the perk works with Star Alliance affiliates?...
@@MiguelPerfecto thanks for the info
This is very disappointing to hear, I'll be 54 years old when I retire and Panama was at the top of my list of retirement destinations. I heard about all of the potential discounts but now that I hear that there is a age requirement (60 years old), I have to rethink my plans..
Why the age requirement if I meet all of the financial requirements? and my wife will only be 45 years old
If you get the Pensionado Visa, there is no age requirement. If you get the Friendly Nations Visa, you need to be 60 if a man or 555 for women.
I would say count your lucky stars that you're able to retire so early. And, consider yourself extra smart for deciding to retire in Panama.
Dude, stop your bitching. I'll still be working 60 hour weeks long past your early retirement age and I've got no retirement plan, no healthcare, no real property investments... Just a fool working for fiat. Cheers!
Internet is a UTILITY. NOBODY-ANYWHERE-EVER mentions internet.... $250 electricty? WOW!!!!! Even with the discount ... bust!
if you live in the highlands, electric is about $25 a month. Internet is usually included in rent but if you have to pay, it cost $40 a month for 500mbps
The violence is off the hook
Yes! The US has gotten very bad lately.
Certainly, but not mass shootings from hotels, schools, theaters….
could I ask you a question, if retiring to Panama is so great, then why are the people of that country heading to the USA now, why because the country is corrupted has it always been even when I was there from 1966 to 1970
I had never heard of panamanians immigrating to the states. Not in any great numbers anyway.
People from Panama are NOT headed for the USA. Panamanians love their country and want to stay in Panama.
@@PanamaRelocationTours they are coming to the USA now with Biden open borders, I saw it when when women would marry military men when I was there to get US citizenship
@@donfrank4429 lol In what century was that? Things have changed. So has the defunct "American Dream", even for many Americans. And of course, the American government's glass house is devoid of corruption? Question: How many Panamanians do you know walking the streets of the United States? And those who come are usually tourists who fly by plane and return by plane. Also, being a Panamanian in the U.S. is a lonely experience from the standpoint that good luck finding other Panamanians. On the other hand, there is a mass exodus of Americans hitting Panamanian soil. Seem Panama does welcome and accept American refugees. lol And it doesn't even separate them from their children! Watta concept!!
@@fanfare100 just giving the facts, USA is still a place where you can be what ever you want, and even the USA will give illegals from other country everything, so why is panama the same as when I was there... there is rich and poor that is why