Panama – A Retirement Paradise
Here is what one of the most respected foreign living consultantat organizations, Live and Invest Overseas, has to say about Panama. They are the voice - huge numbers listen to - when they are considering moving to a foreign country.
Panama is the world's #1 retirement haven...
Its pensionado program of special benefits for foreign retirees is the Gold Standard...
It's an international banking center...
As a foreign resident, you can pay zero local tax...
Panama is perhaps the best place in the entire world right now to start a business...and it's one of the easiest and most advantaged places to obtain foreign residency...
Plus, outside Panama City, this beautiful country hides the smartest beach, river, and mountain property buys anywhere on the planet today...
It sure can be a great place to call home...
And it's one place in the world right now that's enjoying continued growth and prosperity, global financial meltdown notwithstanding.
With a much lower cost of living and incredibly beautiful surroundings, more and more Americans have been choosing Panama as the ideal spot in which to spend their retirement. A winner for six years in a row of International Living magazine’s Annual Global Retirement Index, Panama offers retirees many unique benefits.
Stable and Affordable:
With a stable, democratic government and financial stability, it’s easy to see why Panama is so appealing to retirees. The official currency is the U.S. dollar, and Panama City boasts one of the highest concentrations of banks in the world. Long considered an international finance center, visitors and residents alike have access to the same financial resources they would find in any major city throughout the world. Panama allows foreigners to own property, and offers an added benefit of making retirees exempt from property taxes for twenty years.
Modern Healthcare Facilities:
It’s easy to find world-class healthcare in Panama, with many hospitals featuring U.S. trained doctors and nurses. The costs for healthcare in Panama are significantly lower than in the United States, and the level of care is equivalent to what one would expect in any major U.S. city. Retirees who have an income of at least $1,000 per month qualify for a government program which offers additional discounts on prescription goods and services.
Easy Transition:
Often, moving to another country involves a period of adjustment when one must get used to an entirely way of living. In Panama, the fact that driving is done on the right side of the road, car steering wheels are on the left, and no adapters are needed for U.S. appliances makes this virtually a non-issue.
Temperate Climate and Amazing Views:
In addition to all the practical advantages of retiring to Panama, one cannot leave out the opportunity to live in paradise. With a temperate climate, exotic rainforests, beautiful beaches and islands on the Pacific and Atlantic coasts, as well as an amazing array of plants and animals, few places on earth can match Panama when it comes to tropical beauty. Home to an incredible variety of orchids and butterflies, Panama also boasts a wealth of outdoor activities including snorkeling, fishing, surfing, and scuba diving.
If you are looking for an ideal spot in which to spend your retirement, stretch your retirement income, yet still have easy access to the same types of facilities and services you would have in the U.S., Panama definitely fits the bill. With a consistently excellent standard of living, this tropical paradise is truly a dream retirement location.
So check out the many other articles on Panama here on the website - I am sure you will find several of those stories capture your interest as well.
Thank you for visiting Extraordinary Livestyles.
We are continually updating our information - return often.
Tim Rhodes
