Panama Pensionado Visa vs Paraguay Pensionado Visa
Panama retirement route: $1,000 a month. Paraguay retirement route: $370 fee, 6 months.
- Panama Pensionado: $1,000 a month, $300 less than Paraguay Pensionado.
- Panama Pensionado: about 12 weeks, 40.5 weeks sooner than Paraguay Pensionado.
- Paraguay Pensionado: 180 days a year required, 179 more than Panama Pensionado.
Built for: Retirees.
- Income
- $1,000/mo
- Processing
- 12 weeks
- Income
- $1,300/mo
- Fee
- $370
- Duration
- 6 months
Next steps
Paraguay Pensionado
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Side by side
Panama Pensionado Visa
Paraguay Pensionado Visa
Visa type
Status
Initial duration, months
Renewable
Built for
Minimum age, years
Practical minimum age, years
Nationality restrictions
Processing time, minimum (weeks)
Processing time, maximum (weeks)
Where to apply
Interview required
Medical exam required
Minimum income, per month
Minimum savings, one time
Minimum investment, one time
Investment types
Application fee, one time
Renewal cost, one time
Extra income per adult dependent
Extra income per child dependent
Income sources accepted
Social Security counts as income
Pension income recognized
Local work permitted
Health insurance required
Local bank account required
Apostille required
US FBI background check required
Certificate of coverage required
Required documents
Leads to permanent residency
Years to permanent residency
Years to citizenship, PR plus naturalization
Days in country, per year
Maximum consecutive days abroad
US tax treaty
| Field | Panama Pensionado Visa | Paraguay Pensionado Visa |
|---|---|---|
| Visa type | Retirement | Retirement |
| Status | Active | Active |
| Initial duration, months | Not specified | 6 |
| Renewable | Yes (Renewable) | No |
| Built for | Retirees | FIRE, Retirees, Passive investors |
| Minimum age, years | 18 | Not specified |
| Practical minimum age, years | 18 | Not specified |
| Nationality restrictions | Open to all nationalities | Open to all nationalities |
| Field | Panama Pensionado Visa | Paraguay Pensionado Visa |
|---|---|---|
| Minimum income, per month | $1,000 (Lowest known income requirement) | $1,300 |
| Minimum savings, one time | Not specified | $200,000 |
| Minimum investment, one time | Not applicable | Not applicable |
| Investment types | Real estate | Not applicable |
| Application fee, one time | Not specified | $370 |
| Renewal cost, one time | Not specified | $0 |
| Extra income per adult dependent | 25% | Not specified |
| Extra income per child dependent | 25% | Not specified |
| Field | Panama Pensionado Visa | Paraguay Pensionado Visa |
|---|---|---|
| Income sources accepted | Pension or Social Security | Pension or Social Security, Passive income |
| Social Security counts as income | Yes | Yes |
| Pension income recognized | Yes | Yes |
| Local work permitted | Not specified | No |
| Field | Panama Pensionado Visa | Paraguay Pensionado Visa |
|---|---|---|
| Processing time, minimum (weeks) | 12 weeks | 1 weeks (Fastest known processing) |
| Processing time, maximum (weeks) | Not specified | 104 weeks |
| Where to apply | Applications are typically submitted through a Panamanian immigration lawyer to immigration authorities in Panama. You...See where to apply on the visa page | Not specified |
| Interview required | No | No |
| Medical exam required | Not specified | No |
| Field | Panama Pensionado Visa | Paraguay Pensionado Visa |
|---|---|---|
| Leads to permanent residency | No | No |
| Years to permanent residency | Not specified | 2 years |
| Years to citizenship, PR plus naturalization | Not applicable | Not applicable |
| Days in country, per year | 1 days (Fewest days required in country) | 180 days |
| Maximum consecutive days abroad | Not specified | 1,095 days |
| Field | Panama Pensionado Visa | Paraguay Pensionado Visa |
|---|---|---|
| US tax treaty | Not specified | Not specified |
| Field | Panama Pensionado Visa | Paraguay Pensionado Visa |
|---|---|---|
| Health insurance required | Not specified | Yes |
| Local bank account required | Not specified | No |
| Apostille required | Not specified | Yes |
| US FBI background check required | No (No US FBI background check needed) | Yes |
| Certificate of coverage required | No | No |
| Required documents | 7 items listedSee full list on the visa page | Not specified |