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Featured Properties:
(click
property name under photo to view listing)
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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. |
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• 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.
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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.
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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.
Retirement Visa Requirements
All you need to get a retirement visa to live in Panama is:
1. A clean police report from where you currently reside.
2. A health certificate from a Panamanian doctor.
3. Proof you receive a minimum income of $500 a month and $100 each
for any dependents. |
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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.
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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. |
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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.
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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 |
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* Taxi from airport to
downtown: $25
* Doctor visit: $40
* Utilities: $55
* Maid: $120
* Rent (Panama City): $600 |
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Send me more information on these Boquete properties for sale:
contact us
© 2008
© Harry Hunt & Associates
Phone 011.507.720.2506 |
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