7 benefits of retiring to Boquete in Panama

7 benefits of retiring to Boquete in Panama

By | January 4, 2014

In recent years, Boquete has become one of the most popular destinations for retirees. A large number of people in U.S. and Europe are attracted to this place because of its great weather and retirement incentives. The panama government ensures to make all products and servicesavailable for retired individuals in affordable prices. For these reasons, it has become easy for individuals to relocate themselves in Boquete. It’s easily to learn their local language and get to know about their culture.

It’s always considered a smart choice for retirees, who wish to enjoy fresh and stress-free life. . If you want to move yourself in Panama, you will find it amazing to stay there in long-term. There are many packages, which are customized to facilitate retired individuals. You can get amazing discounts and benefits on these plans.

Here are some of the important features of this place.

Inexpensive Retirement Plan

Boquete offers some amazing packages for retired individuals. They have a Pensionado program, which is available for anyone who has monthly pension of minimum $1000. Apart from this plan, there are many other financial incentives to settle down in Boquete, Panama.

Stable Democracy

There is stable democracy in Panama with zero risks of military rule or foreign invasion. Additionally, the Government of United States also supports their democratic government.

U.S Currency

The currency in Panama is U.S. dollar, which makes it more convenient for individuals to make transactions. Additionally, they carry one of the best banking systems in the world. You will find all major banks settled in Panama, which makes it easy to do international business.

With US dollar as their currency, you will not need to worry about currency exchanges. The Panamanian constitution prevents the Government to print their own currency. For this reason, they outsource and earn all their money from international market. So, there’s no risk of inflation or fluctuation in exchange rates while living in Boquete.

Medical facilities

Unlike other popular places, you will find high quality medical facilities in fairly reasonable prices.

Cost of living

The cost of living is quite affordable for general public and tourists. Unlike U.S and Europe, you will find products and services available in cost-effective prices.

Natural Beauty

Natural beauty of Boquete in unmatchable, which is more like a heaven on earth. You will find moderate climate with lovely surroundings. There are beautiful beaches, mountains, wild life and abundant vegetation in Boquete.

Other benefits

As a retired individual, you will get great discounts and benefits on a wide range of products and services. This includes fifty percent discount on bus, train and air fares. In addition, you will get 50% to 60% off on movies, concerts, hospitals, hotels and restaurants, etc.