Why Retire to Panama?

For the fourth time in a row, Panama is ranked number one for retirement living by "International Living". If you've followed any of the major survey agencies around the world that rate places for retirement, Panama has been on top of the list of many, and for a few years running.

Located in Central America, bordering both the Caribbean Sea and the North Pacific Ocean, between Colombia and Costa Rica Panama is the land bridging the North American and South American continents.

Few places in the world offer spring-like weather year-round, a low cost of living, safety, security, peace of mind and beautiful landscapes, further more although Spanish is the official language, English is widely spoken.

As well as the picture perfect highlands, Panama has a perfect location for every taste; from a cosmopolitan capital city to palm fringed beaches, cool mountain climates and tropical resorts, however the best fact is that it is affordable! There are many financial incentives for retirement. If you are looking for a second home or a retirement option, then Panama should be at the top of your list.

Invest in more than just property; invest in an affordable retirement

Despite the distance, Europeans are becoming aware of the affordable opportunities that Panama has to offer. The Expatriate Telegraph (offshoot of a venerable British newspaper) 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, Panama also offers an attractive incentive program for retirees". Again Panama compares most favourably with the more usual European choice of retirement destinations with its lower cost of living and great climate, not to mention the financial incentives.

Panama currently has the best "pensionado" program (retirement program for foreigners) in the world. This special discount program really makes Panama affordable for retirees. Panamanian or alien residents living in national territory who are 55 years of age or more, for women, and 62 years or more, for men and all retired or pensioned persons or disabled people on pensions regardless of age, will enjoy generous benefits ranging from 15% to 50% on the following:

One of the main issues for retirees is their health. Panama has an excellent and first class health system with many US trained doctors. Private health insurance is also readily available by the large insurance companies.

Last but not least, Panama is beautiful. From cool mountain retreats, to affordable beachfront property, or cosmopolitan city apartments overlooking the stunning harbour, 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.

Please contact us if you wish to receive further information about purchasing a retirement property in Panama or wish to attend our next information seminar.