This permit may be requested by the temporary resident as a retired person of independent means , showing abroad to earn a monthly income of eight hundred fifty balboas 00/100 (B / .850.00 ), which come exclusively from the interest accrued from fixed deposit in the National Bank of Panama ( Banco Nacional de Panama ) or Savings Fund ( Savings Bank ) , if the interest earned from this deposit are free of encumbrances or guarantees of any kind , for a minimum period of five (5 years ; breach of the terms established by Law 9 of June 24, 1987 , and its regulations , will result in loss of incentive and rights granted.
At present , investment in fixed deposit for the amount to be approximately $ 260,000.00 .
In addition to the requirements referred to in Article 28 of the Decree Law, the applicant must submit the following documents :
To request a permanent suspension , in addition to the requirements mentioned in the preceding paragraph , the applicant must submit the following documents :
national proof of payment of income tax in favor of the person concerned .