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Is An All Inclusive Resort Right For You?
All-inclusive resorts can really help vacationers get the most out of their travel dollars. Today, over 400 hotels in the Caribbean and Mexico are either all-inclusive resorts or offer all inclusive packages.
Destinations such as Aruba,...
Mandurah - Western Australia
Mandurah is located approximately 72kms south of Perth - Western Australia. Mandurah is a water wonderland visited by day trippers and holiday makers alike all year round. The towns population is approximately 50,000 and continuing to grow. In...
Travel Shanghai China
Travel Shanghai China, An amazing city. I live, work, play in Shanghai, China’s largest city, largest port; a city of 16 million people, (many millions more during holidays and festivals), a city wanting to be the biggest, best and most important...
Want to retire at 18? Panama might be the place for you
Panama’s program for retirees is said to be the best in the world. There is no age limit to qualify for the Tourist Pensionado Visa Program. You need only to be able to prove a monthly pension or retirement income of US$500 from a government or...
www.my-dubai.co.uk - UK based Travel agency offers online booking of Flight and Hotel
The definitive guide to Dubai, The official guide to Dubai, Tax free shopping in Dubai, flights to Dubai, hotels in Dubai, Bargain holidays, cheap flights, hotels, city breaks and last minute package holidays departing from the UK,www.my-dubai.co.uk...
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Want to retire at 18? Panama might be the place for you
Panama’s program for retirees is said to be the best in the world. There is no age limit to qualify for the Tourist Pensionado Visa Program. You need only to be able to prove a monthly pension or retirement income of US$500 from a government or corporation, plus US$100 for each dependent. Legally, you could be as young as 18 to retire in Panama.
You will need documentation proving your pension income, certified and stamped by the Panamanian embassy in your country of origin, plus a valid passport and a clear police record for the past five years.
If you don’t have a pension, you can still qualify by depositing sufficient funds in the National Bank of Panama to generate $750 a month. This amount covers any number of dependents. Alternatively, you could start a qualified tourism-related business, or invest in a forestry project.
You must use a Panamanian immigration lawyer, pass a medical on arrival in Panama and be tested free of HIV. Your legal representative will shepherd you through the immigration office, once to register various documents and a second time to have your photograph taken and be presented with your identity card (carnet).
Carry this card with you at all times. You can be fined for not doing so. Prior to receiving your carnet, carry your passport or a photocopy of it.
Legal expenses and fees can vary depending on size of family and complexity, but should be around $1,500 for one person, or $2,000 for a couple.
The immigration process must be started before you leave your home country. Once
you arrive in Panama as a tourist, you will be able to stay for up to 90 days. This can be extended for a further 90 days if needed.
Qualifying for permanent residence takes from 30 to 60 days, depending on the time of year and the availability of certain key immigration officials. Given all the public holidays, November and December are good months to avoid.
Although not required, it will be helpful for you to obtain letters of good standing from your bank or banks and any other financial institutions. Do not close your bank accounts. You will need at least one, and preferably two, open bank accounts somewhere in the world before you will be able to open an account here.
Also, keep at least some credit cards. Getting credit cards in a new country ranges from difficult to impossible. One bank here, HSBC, offered the writer a card with a $5,000 credit limit provided $10,000 was placed on deposit.
Finally, go to your local automobile association and get an international driver’s license. Your own license is good here for 90 days, but there is no limit on an international license. (Expect lots of puzzled looks from local traffic police as they thumb through the multi-page document written in several languages.)
About the Author
Sydney Tremayne publishes http://www.yourpanama.com, a leading website for tourists and for potential ex-pat retirees in Panama. His team of experts gives regular Q&A teleseminars that can save costly mistakes. To find out more, go to http://www.yourpanama.com/fear.html
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