Retirement/Pensionado Visas

Guatemala Pensionado Permanent Residency Program Introduction Guatemala is offering a Pensionado program. This is a permanent residency allowing one to live in Guatemala for the rest of their life. The Pensionado receives a Cedulla which is a national identity card that would allow the person to open a bank account in Guatemala without showing the passport from their home country. It is also possible to open bank accounts in other countries including some offshore tax havens without showing a passport. The Cedulla is a high tech digital ID card. The identity card can reflect a lawful name modification for additional banking privacy. With the Cedulla one can travel without a passport to five other central american countries, off the grid so to speak. Time Frame The process takes approximately 7-10 days. One does have to be in Guatemala during the process. Five Star hotels run about $100 to $145 a night depending on the season. It is possible to stay in Antigua, Guatemala which is a lovely resort community (google Antigua Guatemala). A large steak dinner in a five star restaurant is about $20. You will find things cheap here. Fee The complete fees are $7500 for one person, $9500 for a couple. All fees are paid at the start of the application. Fees can be paid by cash or wire transfer. We do not take checks because they take longer to clear (30 days) than the program requires to complete. Pensionado Economic Requirements – The program is for retired or disabled people. There is no age restriction. One does have to show financial responsibility. An income of $1000 a month is needed. This is $1200 for a married couple. This is so stated in a declaration to the government. The income is proven with bank statements, stock broker statements etc. Income can be private sourced from investments, rental properties etc. You will not have permission to work as an employee for others. You can be self employed in your own business. Guatemala Taxes Guatemala does NOT tax offshore derived income. Money coming in from outside of Guatemala is NOT taxed. Your pension, investments etc from outside of Guatemala are not taxed. If you had a shoe store in Guatemala you would pay taxes. There is a VAT of 15% on some goods. A plasma TV costs a few hundred dollars more than in USA. USA cars are about same price without the discounts which are better in USA. European and Asian cars are higher priced. Solid wood furniture is far cheaper than in USA and better quality. Official Documents Needed One needs their passport, birth certificate and marriage license if married. If possible marriage license and birth certificate should be the more modern variety with seals etc. Language Requirement None. You do not have to speak Spanish. It is a great idea to start taking spanish lessons ASAP when here or before. There are a number of computer programs that are excellent. Rosetta Stone is popular. We do advocate learning the language. Our law firm and staff all speak English well. The better hotels and restaurants will have English speakers. Most of the Doctors speak English. Many establishments do not speak English as well. Rights in Guatemala You have the rights of a citizen except you cannot vote and cannot get a passport. As a Pensionado you are not supposed to seek work as an employee for others. This is not the purpose of the program. You can own property, start businesses, own corporations, have bank accounts, get mortgages etc. Time to Become a Citizen The normal time is five years. After you are a resident for two years you can apply for citizenship. Only citizens can have passports, not residents.

Published
Retirement/Pensionado Visas
Location: Guatemala, Guatemala, Guatemala
Language: English
Description: Guatemala Pensionado Permanent Residency Program Introduction Guatemala is offering a Pensionado program. This is a permanent residency allowing one to live in Guatemala for the rest of their life. The Pensionado receives a Cedulla which is a national identity card that would allow the person to open a bank account in Guatemala without showing the passport from their home country. It is also possible to open bank accounts in other countries including some offshore tax havens without showing a passport. The Cedulla is a high tech digital ID card. The identity card can reflect a lawful name modification for additional banking privacy. With the Cedulla one can travel without a passport to five other central american countries, off the grid so to speak. Time Frame The process takes approximately 7-10 days. One does have to be in Guatemala during the process. Five Star hotels run about $100 to $145 a night depending on the season. It is possible to stay in Antigua, Guatemala which is a lovely resort community (google Antigua Guatemala). A large steak dinner in a five star restaurant is about $20. You will find things cheap here. Fee The complete fees are $7500 for one person, $9500 for a couple. All fees are paid at the start of the application. Fees can be paid by cash or wire transfer. We do not take checks because they take longer to clear (30 days) than the program requires to complete. Pensionado Economic Requirements – The program is for retired or disabled people. There is no age restriction. One does have to show financial responsibility. An income of $1000 a month is needed. This is $1200 for a married couple. This is so stated in a declaration to the government. The income is proven with bank statements, stock broker statements etc. Income can be private sourced from investments, rental properties etc. You will not have permission to work as an employee for others. You can be self employed in your own business. Guatemala Taxes Guatemala does NOT tax offshore derived income. Money coming in from outside of Guatemala is NOT taxed. Your pension, investments etc from outside of Guatemala are not taxed. If you had a shoe store in Guatemala you would pay taxes. There is a VAT of 15% on some goods. A plasma TV costs a few hundred dollars more than in USA. USA cars are about same price without the discounts which are better in USA. European and Asian cars are higher priced. Solid wood furniture is far cheaper than in USA and better quality. Official Documents Needed One needs their passport, birth certificate and marriage license if married. If possible marriage license and birth certificate should be the more modern variety with seals etc. Language Requirement None. You do not have to speak Spanish. It is a great idea to start taking spanish lessons ASAP when here or before. There are a number of computer programs that are excellent. Rosetta Stone is popular. We do advocate learning the language. Our law firm and staff all speak English well. The better hotels and restaurants will have English speakers. Most of the Doctors speak English. Many establishments do not speak English as well. Rights in Guatemala You have the rights of a citizen except you cannot vote and cannot get a passport. As a Pensionado you are not supposed to seek work as an employee for others. This is not the purpose of the program. You can own property, start businesses, own corporations, have bank accounts, get mortgages etc. Time to Become a Citizen The normal time is five years. After you are a resident for two years you can apply for citizenship. Only citizens can have passports, not residents.
Products/Services: Immigration Agencies
Passports
Visas/Pensionado Visas/Retirement Visas