Reserve your slice of the american dream; retire on dollars a day in a luxury property. Panama Is the hot new retirement destination for americans. Discover the secret of retiring in Panama for just dollars a day. Ocean view condos under $250,000, elegant country homes $150,000 and unlimited play on PGA courses. NO GREEN FEES!. Retire in Panama Today!
In September 2005, Panama Real Estate was rated by "International Living" as the best place in the world to retire. Besides the near perfect weather, stable government, cheap real estate, low cost of living, low crime rate, clean air, relaxed pace of living as well as abundant oportunities for outdoor recreation --everything from golf and tennis to river rafting and diving-- a modern, advanced infrastructure gives Panama the edge over traditional retirement places like Mexico or Costa Rica. Panama has excellent telephone, satellite, and international cable services. High-quality medical care and modern hospitals are available in the metropolitan areas, and the cost of prescription drugs is low.
Panama is experiencing a real estate boom. Tourists and retirees are arriving in greater quantities and consequently helping the local real estate market. Properties in Panama are rapidly increasing in price, which is turning Panama into an excellent destination for second homes and investments. Apart from the existing demand, future developments will also be helped by such factors as the planned expansion of the Panama Canal. Buying Panama real estate property is not only a great investment , but also a great way to secure your luxury property for retirement or vacation.
There is much to attract a retiree to Panama - this tiny Central American country offers safety, affordability and accessibility packed into a beautiful, tropical landscape, bounded by the bluest seas and thriving with natural wonders.
It's no wonder then, that so many North Americans are heading southward to spend their truly 'golden' years.
In fact, Panama has been ranked the number one retirement destination in the world for six consecutive years by "International Living".
In looking at real estate prices, special benefits for retirees, cost of living, safety and stability, health care, climate, culture & entertainment, and infrastructure, this oversees living and retirement specialty publication has time and again named Panama the place to be.
So how do you qualify to retire to Panama? There are two programs for retirees: the Pensionado Visa and the Private Income Retiree Visa .
Both are considered non-immigrant status, which means you are granted indefinite residence in Panama but cannot apply for a Panamanian passport or naturalization. Contact us to find out which program best suits your particular retirement situation.
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
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
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
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
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)
* As per Panama's Law Regulating the Benefits of Pensioners and Seniors, women over 57 years of age, men over 62, and all pensioners and retirees of any type qualify for the above discounts.
Buying Panama Real Estate is an excellent choice for all those who want to have a luxurious home in which to retire!