About Panama
Retirement Option
Panama is turning into one of the destinations for retirement with the greatest growth in the world and also into an international realm of tourism.
What does the press say of Panama?
"Panama is the most beautiful retreat in the world yet to be discovered.”
Harper´s Bazaar.
"The most safe and stable place in Central and South America with some of the most beautiful lands, mountains, beaches and islands. The country also has the number one program in the world of incentives for retired persons.”
International Living Newsletter.
Boquete, Panama, "rated as the fourth best place in the world to establish a second home, a rating based on the security, beauty, infrastructure, climate, healthcare and the low cost of living.”
Modern Maturity - The magazine of the American Association of Retired Persons.
Purchasing Power
75-80 million Baby Boomers from the United States will retire in the next 10 years. United States government statistics show that many of them will not be able to keep their current standard of living considering their savings, assets or pensions. Today more than ever, the Baby Boomers are considering retiring outside the United States.
The Europeans are discovering the economic opportunities that Panama has to offer slowly but surely.
The purchasing power in Panama is 1.6 versus 1 for United States. That means, that a typical pension for U$ 3,000/month is equivalent to U$ 5,000 in the United States. In a country with an infrastructure like the United States, Panama offers an easy transition for the international retirees.
Programs for Retirees
Considered one of the best programs for retirees in the world, the Retiree Visa offers incentives such as:
- Tax exemption for belongings.
- Tax exemption to import a new car every two years.
- 25% discount in the receipt for services.
- 25% discount in air tickets and 30% in other transportation.
- 15% discount in credits under his (her) name.
- 20% discount in medical services and 15% in Hospital services, if the insurance does not apply.
- 15% discount in dental and eye examinations.
- 10% discount in medicines.
- 20% discount for professional and technical services.
- 50% discount in entrances to the movies, cultural and sports events.
- 50% discount in hotels from Monday to Thursday, 30% on weekends.
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