Panama Pensionado Visa vs Uruguay Retirement Visa
Panama retirement route: $1,000 a month. Uruguay retirement route: $100 fee, 3 months.
- Panama Pensionado: $1,000 a month, $500 less than Uruguay Retirement.
- Uruguay Retirement: about 7 weeks, 5 weeks sooner than Panama Pensionado.
- Uruguay Retirement: 180 days a year required, 179 more than Panama Pensionado.
Built for: Retirees.
- Income
- $1,000/mo
- Processing
- 12 weeks
- Income
- $1,500/mo
- Fee
- $100
- Duration
- 3 months
Eligibility guidance is not legal advice.
Side by side
Panama Pensionado Visa
Uruguay Retirement 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
Extra income per adult dependent
Extra income per child dependent
Income sources accepted
Social Security counts as income
Pension income recognized
Local work permitted
Maximum income from local work, %
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
Tax regime
US tax treaty
| Field | Panama Pensionado Visa | Uruguay Retirement Visa |
|---|---|---|
| Visa type | Retirement | Retirement |
| Status | Active | Active |
| Initial duration, months | Not specified | 3 |
| Renewable | Yes | Yes |
| Built for | Retirees | Retirees, FIRE, Passive investors |
| Minimum age, years | 18 | 18 |
| Practical minimum age, years | 18 (Lowest practical minimum age) | 55 |
| Nationality restrictions | Open to all nationalities | Open to all nationalities |
| Field | Panama Pensionado Visa | Uruguay Retirement Visa |
|---|---|---|
| Minimum income, per month | $1,000 (Lowest known income requirement) | $1,500 |
| Minimum savings, one time | Not specified | $24,000 |
| Minimum investment, one time | Not applicable | $100,000 |
| Investment types | Real estate | Real estate, Government bonds |
| Application fee, one time | Not specified | $100 |
| Extra income per adult dependent | 25% | Not specified |
| Extra income per child dependent | 25% | Not specified |
| Field | Panama Pensionado Visa | Uruguay Retirement Visa |
|---|---|---|
| Income sources accepted | Pension or Social Security | Pension or Social Security, Passive income |
| Social Security counts as income | Yes (Social Security counts) | No |
| Pension income recognized | Yes (Pension income recognized) | No |
| Local work permitted | Not specified | No |
| Maximum income from local work, % | Not specified | 36% |
| Field | Panama Pensionado Visa | Uruguay Retirement Visa |
|---|---|---|
| Processing time, minimum (weeks) | 12 weeks | 1 weeks (Fastest known processing) |
| Processing time, maximum (weeks) | Not specified | 13 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 | Uruguay Retirement Visa |
|---|---|---|
| Leads to permanent residency | No | Yes (Path to permanent residency) |
| Years to permanent residency | Not specified | 0 years |
| Years to citizenship, PR plus naturalization | Not applicable | 5 years |
| Days in country, per year | 1 days (Fewest days required in country) | 180 days |
| Field | Panama Pensionado Visa | Uruguay Retirement Visa |
|---|---|---|
| Tax regime | Not specified | Hybrid |
| US tax treaty | Not specified | Not specified |
| Field | Panama Pensionado Visa | Uruguay Retirement Visa |
|---|---|---|
| Health insurance required | Not specified | No |
| Local bank account required | Not specified | No |
| Apostille required | Not specified | Yes |
| US FBI background check required | No | No |
| Certificate of coverage required | No | No |
| Required documents | 7 items listedSee full list on the visa page | Not specified |