Retire in Panama
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Learn the benefits and advantages of retiring in Panama - best retirement plans, shopping, healthcare, amenities, business and much more on retire in Panama.
Hear from real people who have retired and what they have to say about Panama. |
You will find Panama to be one of the easiest and best places in the world to retire and enjoy a generous list of benefits in this safe, affordable country bounded by gorgeous tropical sceneries and two oceans on each side of the country.
Modern Maturity, the magazine published by AARP with over 20 million subscribers, ranked Panama as the best place in the Americas to retire based on its entertainment, recreation, government, clean air, climate, safety, stable government and best of all low cost of living.
According to Corporate Resources Group that performed a business survey of 192 cities in the world, Panama ranks as one of the best places to live.
International Living labeled it as the best place in the world to retire due to once again its low cost of living, cheap real estate, and wonderful scenery and lifestyle. International Living has actually placed Panama as number one in the world for six consecutive years.
From The Wall Street Journal to ABC Nightline, Panama has been featured as a gem for retirement time and time again where you can enjoy your golden years to their fullest.
From cosmopolitant life in Panama City, to retirement communities featuring beaches such as Coronado and Bocas Del Toro, to retiring in the mountains in areas such as El Valle, Boquete, David, you can pick your amenities and weather and live wherever you want in Panama.
Through the “pensionado" (retirement) program, the Panamanian government has created one of the best Retiree Incentive Program with benefits and up to 50% discounts from movies to healthcare to mortgages. It is also one of the easiest programs to qualify for with less red tape and than many other neighboring countries.
There are two ways to acquire a retirement status: the Pensionado Visa and the Private Income Retiree Visa. We can assist you in the process of acquiring your visa, contact us to find out which program best suit your needs.
Go to Invest in Panama for info and footage on its economy and Visas for Panama to view the ABC News footage on the benefits to retiring in Panama.
Discounts:
Entertainment and Transportation
• 50% off all entertainment, including movies, theatres, concerts, as well as recreation, cultural, sporting events, and more.
• 25% off restaurant prices
• 25% off airfare with private or public, national or foreign companies
Health and Professional Services
• 15% off hospital and private clinic services
• 20% off general and specialist medical consultations and surgeries
• 15% off dental and eye exams
• 20% discount for technical and professional services (lawyers, architects, nurses, physical therapists, etc.)
• 20% off the price of any prosthesis, device and assistance accessories
Taxes
• Total one-time tax exemption for the import of personal or household goods up to US $10,000
• Total tax exemption every two years for the import of a motor vehicle for personal or family use
• No income taxes on income earned outside Panama
Real Estate and Utilities
• Freezing of property tax on sole personal residence (application required)
• Exemption of appraisal fee for sole personal residence
• 25% off electricity bills up to 660KW
• 25% fixed phone charge for sole, residential telephone line
• 25% off water bills up to $30, for personal residence
Loans
• 50% off closing costs of personal and commercial loans
• 15% off maximum interest rate on personal and commercial loans
• 1% off interest rate for home loans on personal residence (age requirements drop 2 yrs for men / women; all pensioners & retirees qualify)
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