Thinking about Retirement? Panama is your Place.

Why is Panama gaining in popularity among retirees, investors, and part-time expatriates?

Long overshadowed by its neighbors such as Mexico and Costa Rica where mass tourism is now the norm, Panama has been relatively unknown except for travelers with special interests such as world record deep sea fishing, birding, river rafting and rain forest experiences. All these exciting opportunities together with gorgeous beaches and great surfing, kayaking and diving, ensure Panama has something for everyone. It has an interesting cultural background, from stone age indigenous peoples the history of conquistadors and now a modern society with infrastructure that is first world.

Besides from tax and privacy advantages, you should consider the following 10 reasons to retire or become a permanent resident in Panama

Lastly, Panama is beautiful. From cool mountain retreats like Boquete, to affordable beachfront property in Coronado or Punta Barco, or cosmopolitan Panama 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.

More than ever before, U.S. baby boomers are considering retirement outside the USA. Having traveled far more extensively and being more active and adventurous than previous generations, they are also identifying the need to maximize their diminishing retirement incomes, so the idea of overseas retirement is appealing to many. Discovering a less stressful environment also has a definite allure! Living and retiring overseas was once an option available only for the wealthy, it is now an affordable trend. Plenty of direct flights available to most major cities.

Interest in Panama does not only come from the United States; many Canadians are heading further south than Florida for their “snowbird” sojourns – and staying for retirement. The increasing cost of living, overcrowding and higher crime rates in Florida encourages them to take a slightly longer flight south! There are direct flights to Toronto and Montreal.

Despite the distance, Europeans are not unaware of the affordable opportunities that Panama has to offer. Multiple European blogs and publications suggests an alternative retirement destination to the usual venues of Spain, France and Portugal that retirees should consider, a “warm, adventurous and inexpensive place to retire”. Again, Panama compares most favorably with the more usual European choice of retirement destinations with its lower cost of living and great climate, not to mention the tax and financial incentives. There are multiple direct flights to Madrid, Paris, Amsterdam, Frankfurt.

To view our condos or homes, visit our Real Estate Marketplace.

There has never been a better time to invest in Panama. Not only is there tremendous interest in Panama as a tourist and retirement location, but economically Panama is also gaining strength.

You will find just about every franchise from Mc Donald’s, Dominos, KFC, Pizza Hut, etc., while luxury clothing lines such as Gucci, Chanel, Polo, Hugo Boss, Tommy Hilfiger, have stores in Panama City. You will feel right at home.

Over 80 banks have full-service branches here including Scotiabank, MultiBank, Banco General, UBS, and others; there are no “brass plate” banks here. Panama is a growing international financial center with good communications and first world amenities.

Here are the top Visa & Residency programs available in Panama, of course, beginning with the Pensionado or Retiree program.

For more information, please contact us.