Panama is fast becoming one of the world's top retirement destinations and also a world class tourist location - particularly for adventure and ecotourism.
So why is Panama gaining in popularity among retirees, investors, and part-time expatriates? Not only because of increased publicity - Panama has more amenities, lower costs and lower crime rates than many other traditional retirement locations. In fact Panama 's advantages are unrivalled. Apart from tax advantages and privacy advantages, consider the following

  • Panama has a stable government and a growing economy
  • The US dollar is the legal tender. Panama has a stable economy that has been based upon the U.S. Dollar since 1904
  • Residents pay no tax on foreign earned income
  • Foreigners can buy and own property in Panama with the same rights and protections as Panamanians citizens.
  • Pensionado program (retiree incentive program), the best in the world, is not necessarily age related and the benefits are considerable
  • Tourism investments have exemptions from import duties, construction materials and equipment, income, real estate taxes, etc.
  • Property tax exemptions apply to all new construction on a sliding scale according to value
  • English is widely spoken
  • The US presence in the country for many years has lead to a US style infrastructure with a number of familiar names and businesses
  • Panama has a number of US standard health care facilities and services with many US trained English speaking doctors available.

Last but not least, Panama is beautiful. From cool mountain retreats like Boquete, to affordable beachfront property, or cosmopolitan city apartments overlooking a stunning harbor, the choice is yours. With real estate prices beginning to rise, you also have an opportunity to make a considerable return on your investment if you buy now. Rental property is in high demand particularly in the highland areas, so even if you are not looking to retire for a while this is an opportunity to get into the market and earn a return on your investment in the meantime.

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