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how soon after papers finished...This forum post has messages dated from 02/10/07 through 07/01/10, please be sure to read all the messages. If you feel it is old or outdated, please follow up with a question or comment and someone may be able to update it, or reply with newer information if you have it.
| how soon after papers finished... Hi everybody, I am thinking to retire soon to Panama but I am not able to move over there rightaway. My children are not yet on their own and I have to manage all other things which may take a couple of years. My question is how soon when I get all the paperwork done I have to move to Panama, also when I am over there how long I can spend time out of the country. Thank you all for your answers, Ps0zxd |
| If you are an American citizen and want to retain that citizenship then in order to leave the country you have to remember that you need to go back before 6 months time and spend another 90 days in the U.S. to retain all your benefits and citizenship.As far as how long it takes after you have all your paperwork done, unfortunately I am unable to help you with that. And how long the papers are eligible for you to take advantage I think the best thing to do is to contact immigration. They will give you the exact time you have to make your decision. |
| You can stay out of the USA forever and retain your citizenship. To lose it you must affirmatively renounce it. You can vote for USA Presidents and renew your poassword at any US Embassy.Social Security benefits might vary depending on where you live. |
| Social Security benefits don't change. If you retire with benefits, those are your benefits, as we have checked into that. As long as you keep your passport current and do not renounce your citizenship you will be fine. Of course passport current is not a requirement, but in case of an emergency, you will want a current passport at all times... Oh, also you can have your social security directly deposited in a international bank. I checked into that as well. |
| Oww, all of you surely have some good information regarding retirement in the country of Panama. And speaking of retiring in Panama, I would like to know more about the perfect locations in the said country where I can be able to stay and retire for good. Hope you can all share here some good information regarding this matter. Thanks a lot and have a great day ahead to all of you. |
| "Its not necessary to be in Panama too long for residency."
The time it takes to complete paperwork varies a lot from case to case and lawyer to lawyer. That is just the way Panama is, its very difficult to guarantee time on anything.Fortunately, you do not need to be in the country the entire time your paper work is being processed. But, you will have to be here part of the time. It used to be that once you had your residency, you didn't have to be in the country at all to maintain it, but that has change. You will have to spend time here every year to maintain residency. But, I don't think the amount of time you have to spend is that long. |
| "And don't worry about US citizenship"
And by the way, don't worry about losing your US citizenship if you leave the country for over 6 months (or 20 years). Rowena, I am not sure where you heard that. But US citizenship is for life. Trust me, they want their claws into you and your tax dollars no matter where in the world you live.US citizenship has to be voluntarily given back. |
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