Panama Retirement info
Are you looking to retire overseas and enjoy a quality of life much better than you currently have? Maybe even retire much earlier than you were expecting to? If so, you should consider retiring to Panama. In fact, Panama remarkably topped International Living’s annual Global Retirement Index for six straight years. The amazing benefits of retiring to Panama used to be secret, but not anymore. It is no longer the only voice encouraging people to retire to Panama; respected publications including SmartMoney, TheStreet, and The New York Times have published articles featuring Panama’s many attributes.

Panama offers a very comfortable retirement, in part because the nation is much more developed than most visitors expect. Many who attend International Living’s conferences and real estate tours are shocked by the modernity of Panama and the clusters of skyscrapers that define Panama City’s skyline. All of the amenities you could wish for are all readily available in Panama. Not only will you have access to all of the luxuries and comforts of your current life, but you will also have access to more of them because of Panama’s lower cost of living. 

In Panama, qualified pensioners or retirees are entitled to:

  •  50% off in entertainment 
  • • 25% off in airline tickets
  •  25% off in monthly energy bills
  •  30% to 50% off hotel stays
  •  20% off in professional services
  •  50% off in loans ... and more…

If you become a pensioner, you’ll also be entitled to a one-time exemption of duties on the importation of household goods (up to $10,000) and an exemption every two years of duties for the importation or, better yet, local purchase of a car. Plus, Panama’s pensioner law stipulates that anyone entering the country as a qualified pensioner is guaranteed that status for as long as he resides here. That means that even if future laws change the pensioner requirements, your status will be grandfathered in…it won’t ever change!

Inexpensive Real Estate and Health Care

Consistent with the generally low cost of living in Panama is the affordability of available real estate in Panama. Whether you are looking to live in a Panama City high-rise apartment, a condo in a gorgeous beachfront community, or a house in the temperate mountain region, you will find very reasonably priced real estate to suit your needs and desires. Most people who retire in Panama find themselves enjoying the property they have always dreamed about but couldn’t afford in Europe-

Health care in Panama is also inexpensive. Perhaps the most appealing advantage is the private health insurance and prescription drugs that are readily available and much less expensive than their U.S. equivalents.

PGS Attorneys 

A Panama Immigration Law Firm

SL55 Tower, 17th floor, Samuel Lewis Avenue, Panama City