Retire in Panama

This article will show you why you have to retire in Panama. Panama is currently considered by Many International Organizations and Retirement Magazines, one of the best countries in the world to retire abroad.

Some of the benefits Offered to the Retire in Panama:

• Panama is one of the safest countries in the world with the highest rating for tourist safety from the prestigious Pinkerton Intelligence Agency.
• Panama is an extraordinarily beautiful country with a wide variety of residential venues including mountain, beach and city communities.
• Panama City is a modern capital city with high-speed internet, first rate hotels and restaurants and shopping almost on a par with the US.
• Panama has a reliable communications and road infrastructure due in part to the 90 year American presence in Panama.
• Panama ’s cost of living is a fraction of the United States.
• Panama 's currency is the US dollar.
• Panama has a near perfect climate.
• Panama has the best retiree incentive program in the world.
• Panama has medical facilities on a par with the United States.
• Panama is close to the United States with direct flights to Panama from many major US cities.
• Visa requirements to Retire in Panama are minimal.
• Foreigners can buy and own property in Panama enjoying the same rights and protections as Panamanians.

Visa Requirements to Retire in Panama

All you need to get a retirement visa to live in Panama is:

• A clean police report from where you currently reside.
• A health certificate from a Panamanian doctor.
• Proof you receive a minimum income of $500 a month and $100 each for any dependents

Incentives for Retirees in Panama

A partial listing of the incentives:

• You can bring in all your household goods free of taxes.
• You can bring in a new car every two years for private use.
• You pay no property taxes on your home in Panama if that is your only residence.
• Discounts between 15% and 50% are offered on hotels, restaurants, movies, many professional services etc.

Cost of Living in Panama

The cost of rent, homes, services, utilities, food etc. are all well below USA prices.
A few examples: a full time maid can be hired from between $150 to $200 a month.
A gardener costs $8-10 dollars a day.