Jacksonville.com 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.
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