Friday, July 17, 2009

Economical Advantages for Retirees in Panama published an article last week with the title of “Panama: Land of Mountains, Oceans, Scotch and Cheap Beer”.

The article taps into some of the smaller differences that exist in Panama like $3 six-packs of beer, cheap taxis and transportation, inexpensive healthcare, and widely-available high-speed Internet throughout the country. 

Panama has developed a very international tourist industry in recent years.  The area has been highly “Americanized”, with wide use of the U.S. dollar.  Additionally, the country offers cheap drinks, an upbeat nightlife, and a relaxed atmosphere.  Residents and those who have relocated to the area are offered many daily non-stop flights from major U.S. cities, Europe and Canada.  There is also a low crime rate and a strong banking system – with the most stable economy in Latin America. 

  • Retiree advantages, if able to obtain a visa by proving $500 income per month, include:
  • up to 50% off of entertainment expenses
  • up to 25% off at restaurants
  • 30% discount on transportation – bus, boat, train
  • 25% discount on airline tickets
  • 10% off of prescriptions
  • 15% off of healthcare visits
  • 50% off of real estate closing costs

Additionally, Panama does not tax offshore income, making the location truly an economical paradise.

Panama is the new Miami….Interested in investing in Panama? Visit to see properties, real estate and businesses for sale in and around Panama City!  Click here for more information.

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