You absolutely do not have to renounce your US
You absolutely do not have to renounce your US citizenship if you move or live abroad... but you do have to go through an immigration process, so that you can obtain a Residency Visa. There are lots of different types of Residency Visas in Panama available to choose from, and many of them, most notably the Pensioners Visa (Pensonado) include benefits such as discounts on:
- restaurants (25% and 15% on fast food)
- Hospital ( 15% including private clinic)
- medication (20% including prosthetics, wheelchairs and canes)
- utilities (25% on telephone, water, and electricity)
- recreation (50% this includes movies, sporting events, concerts and Museums)
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