Living in Panama might be the smartest decision that you
could make. And you’re not alone; there are more that
15,000 American citizens currently living in Panama. Such
a large number is not really too surprising since the Panama
Canal was controlled by the US until 2000 and during this
control, the country became very Americanized due to the strong
US presence. In addition, Americans have realized that retirement
living in Panama is a great opportunity to enjoy the retirement
years in a country that is very exciting, yet extremely affordable.
In 2005, Panama topped International Living’s Retirement
Index as the best retirement location for the sixth straight
Such an accomplishment has put living in Panama in a different
light. Always considered a beautiful tropical location, Panama
now enjoys the distinction of being a top tourist destination,
a desirable country for business and a living in Panama after
retirement is tops for six straight years. The reasons for
living in Panama include: climate, Panama City, casual lifestyle
and retirement benefits.
Tired of the cold, living in Panama will be perfect for you.
The tropical climate of Panama is always warm, even during
“winter” or rainy season. If hot weather is a
bit much for you, the spring-like climate in Boquete may be
just the answer. In 2001, Modern Maturity magazine named Boquete
the 4th most desirable place in the world for retirement living
because, in part, of its great climate.
Living in Panama City is an incredible experience. It is home
to an impressive skyline, somewhat reminiscent of Miami. It
is the only city in the world which contains a rain forest,
and it is the home of the Panama Canal. The shopping is world-class,
and the prices for many items are much cheaper than the US
Tired of the hustle and bustle of the city? The hour-long
commute each way to work? Life in Panama offers an alternative,
laid-back, way of life. While there are plenty of hard-working
people living in Panama, the tropical lifestyle is more casual,
and in turn, a little more pleasant.
Ever want someone to cater to you because of who you are?
Well, living in Panama as a
retiree offers you just that opportunity. The government
of Panama wants you in their tropical paradise, and they are
ready to roll out the red carpet of benefits to you. These
NO TAXES on your property for 15 years
Insurance costs below average
Health care equal to the U.S
Tax Exemption to import a car every 2 years
Import tax exemption for Furniture, appliances and fixtures
up to $10,000
50% off discount in movie theaters, and cultural and sporting
30% discount on train, bus, and boat transportation
15% discount on loans made in your name
1% reduction on home mortgages for personal use
25% reduction on your water, telephone and electricity bills
(off base unit price, not off total bill)
20% discount on doctors visits
50% discount weekdays on hotels, 30% discount on weekends
These and a multitude of other reasons are why living in
Panama is perfect for you, especially if you are planning
your retirement getaway. So make your plans, your life in
Panama is waiting for you!
We can assist with such services as relocation to Panama,
findin the perfect Panama real estate and even retirement
visas. Please contact us
for more information.