Panama Migration Services |
Retiring in Panama Advantages
Panama
has been recently rated by many international magazines and
newspaper articles among the top places for retirement in the
Americas.
Said statements can be subjective due to the fact at the
end it will depend on each person point of view; however, in
order to make your decision, we are listing below some of the
main advantages for retiring in Panama.
Tax Advantages:
- No property taxes for 15, 10 or 5 years depending on the
property
- Import tax exemption on household goods and/or cars.
Other taxes apply.
- No income tax for businesses and operations performed
outside of Panama.
Retired Discounts:
- Discounts
on prescription drugs, health care services, surgical
procedures, hospitals and dental services.
-
Discounts on airfares, restaurants, movies, theatres, lodging,
utility bills and other services.
Affordable Cost of Living:
The standard monthly cost of living, including domestic and
professional services, food, entertainment, real estate and
additional expenses are substantially lower than in many
countries including Europe and North America.
Solid and Stable Economy:
- US dollar
as legal currency.
-
Panama
economy is based since its beginning on the services sector.
-
The
Panama Financial and banking center is one of the highest rated
worldwide.
Crossroads of the Americas:
Panama is
perhaps the most accessible retirement spot for Americans in the
region. There are frequent nonstop flights to Panama City's
Tocumen International Airport. It's a 2½-hour flight from Miami,
there are also direct flights from/to LA, Orlando, Houston or
Atlanta. Panama is also a hub for international flights in the
region.
Infrastructure:
Panama modern
Infrastructure is evolving everyday and includes highways, up to
date communications systems, shopping centers, hospitals and
some of the highest rated banks.
Health Care Services:
Modern and trustworthy private medical services and
facilities are available. Medical treatments and procedures are
considerable lower than other countries.
Safety:
Normal safety practices are necessary as in any capital
city or country worldwide, nevertheless, Panama is considerable
safer than many countries and far safer than any country of the
region. In addition, due to its geographical position, natural
disasters such as earthquakes or hurricanes are not common in
Panama.
Travel, Culture & recreation:
Panama offers
a wide selection of places to visit including islands, a modern
city, highlands, rain forests and beautiful beaches on the
Pacific and Atlantic Ocean.
Climate:
Temperature in Panama is basically the same all year, the
only difference is that we only have a dry season and raining
season; however, even at raining season we can enjoy a beautiful
sunny set of days. Temperatures are typically hot in the
lowlands (between 21°C and 32°C/70°F and 90°F) and cool in the
mountains (between 10-18°C/50-64°F).
Language:
Spanish is the official and standard language, however,
English is widely spoken and you should not find trouble
obtaining assistance in English.
