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Monday, July 28 2014 @ 10:34 PM EDT

"Can I Have My Cake And Eat It Too?" Question About Pensionado Status

Immigration IssuesBy DON WINNER for Panama-Guide.com - Received this morning via email: "Hi Don. I have made two trips to Panama over the past year, now I want to cut the cord and find a home in Chiriqui province, probably Boquete. I also hope to establish a business in Panama. Over the past year I have been assembling the required documents for authentication by the Panama Consulate in San Diego. My hope was to obtain Pensionado status. Now I have just been made aware of Executive Order 343 which seems to offer long term status without need for re-newal. My question is, would I have to forfeit the benefits associated with Pensionado status if I apply under 343? (Sort of not "having my cake and eating it to?) Your comments or suggestions would be greatly. BM."

Editor's Comment: First of all, you should consult with a qualified attorney who specializes in immigration issues, such as the guys at the Panama Relocation Attorneys or Panama Offshore Services. The details of what will be issued under the new Executive Order 343 are still being worked out, while the Pensionado status visa is a well established program that's codified in law. I think from experience every foreigner who becomes a Permanent Resident in Panama can only do so under one program. Meaning, if you obtain a Permanent Residency status under Executive Order 343, then you won't qualify for the Pensionado visa. So no, you probably can't have your cake and eat it too. But the bottom line remains, consult with a well known and established professional. Good luck.

Copyright 2012 by Don Winner for Panama-Guide.com. Go ahead and use whatever you like as long as you credit the source. Salud.

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"Can I Have My Cake And Eat It Too?" Question About Pensionado Status | 1 comments | Create New Account
The following comments are owned by whomever posted them. This site is not responsible for what they say.
\"Can I Have My Cake And Eat It Too?\" Question About Pensionado Status
Authored by: Anonymous on Sunday, June 17 2012 @ 04:06 PM EDT

BM? I too am in Ca and working on the Pensionado process via San Diego. Maybe we can compare notes re: proccess and attorneys? username @ gmail dot com if you care to share info