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In Panama, you need to show the Panamanian Government you have a monthly income of $1000, and $250 for every dependent you claim. This is a decent amount in Panama, but if you have more than modest standards, you may consider more.

You need to show that you receive at least $1000 a month in gross income or monthly pension. If you have any dependents, then you need to show another $250 guaranteed monthly for each one.

If you`re thinking of retiring in Panama, you need to show you receive at least $1000 a month, on a regular basis. This is quite comfortable living, if you watch your monthly expenses. For every dependent you claim, the Panamanian Government wants to see an added $250 a month.