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Live and Retire in Beautiful Panama!

If you're thinking of retirement or a second home in a safe, beautiful, inexpensive place with a modern infrastructure, Panama is the choice. Panama is ready-made for Americans with a USA style infrastructure, the by-product of the 90 year American presence in the Isthmus.

• 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 7 major US cities.
• Retirement visa requirements are minimal.
• Foreigners can buy and own property in Panama enjoying the same rights and protections as Panamanians.

Owning Property
A foreigner can buy and own property in Panamá. Foreigners enjoy exactly the same rights and protections as a Panamanian property owner.
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.

 

Medical Facilities
As a by-product of the 90 year presence of the United States Panama has numerous English speaking,

American trained doctors and hospital and medical care nearly on a par with the United States.

 

Incentives to Foreigners
In addition to Law 54, the government is offering other incentives for foreigners to spend time here, invest here…or even live in Panama. For example:
•If you buy or build a new house, you won't pay property taxes for 20 years.
•As a resident, you pay no taxes on foreign-earned income.
•Panama passed Law No. 8 of June 14, 1994—the most modern and comprehensive law for the promotion of tourism investment in Latin America and the Caribbean. Law 8 offers incentives such as 20-year exemptions from import duties, fees for construction materials and equipment, and income, real estate, and other taxes.
Plus, Panama uses the U.S. dollar as its legal tender, which insulates its economy from global shocks. During the Asian monetary crisis of 1998, Panama became one of the healthiest economies in Latin America.

Panama has the most appealing program of special benefits for foreign residents and retirees you'll find anywhere in the world today. Good-quality health care and modern hospitals are available throughout the country, and many Panamanian doctors are U.S.-trained. Here you will enjoy the benefits of a developing economy where you can still take a taxi across town for a buck or two, get your hair cut for a couple of dollars or enjoy dinner with a bottle of wine at one of the fine restaurants in Panama City for $30. There are also lots activities to enjoy, from jazz clubs to art openings to English-language theater performances.

 

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

* Bottle of decent wine: $6

* Coffee: $1.25

* Meal for two with wine: $30

* Movie, full price: $3.50