Wednesday, July 22, 2009

Retirees Investing in Panama for Many Reasons...

The Panama Report published a segment this week that validated further claims regarding the benefits of retiring in Panama.

Panama has seen an influx of “middle-aged foreigners” looking to retire in the country, due to the worldwide recession. 

Panama offers advantages of: cheap living, low taxes (by all standards), a low cost of living, a favorable climate, and low medical costs.  Additionally, Panama does not tax income from other countries and allows property tax exemptions for 20 years.  Panama has boomed in areas of banking, real estate, tourism, and other entrepreneurial enterprises, as the country’s “pro-business” mentality has extended globally.  Now, professionals and retirees alike are flocking to this very diverse and international area. 

It should be noted that Panama offers many advantages, but is for easy-going people.  Among the challenges in retiring to Panama: the slower pace of life is not for everyone, and Spanish is the official language (however, English is widely spoken).

Interested in investing in Panama?  Visit to view properties and real estate for sale in and outside of Panama City!  Click here for more information.

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