Florida? California? Aruba? Thinking of
retiring to a tropical destination? Consider Panama - one of the world's top
retirement destinations and a world class tourist location - particularly for
adventure and ecotourism.
From its pristine white
sand beaches and Hispanic colonial ruins, to its untouched primary rainforest
and year-round tropical maritime climate; Panama City, Panama offers an ideal
primary residential destination. Panama retirees can enjoy the benefits of a
developing economy, take a taxi across town for under $4, get a haircut for $5,
or enjoy dinner with a bottle of wine at a trendy Panama City restaurant for
under $20 a person. You can also invest in panama.There are also many activities to enjoy including its jazz clubs
to art openings to English-language theatre performances.
Need additional motivation to retire to
Panama? Consider the reasonable condominium pricing, and the fact that the
government of Panama has the best incentive program in the world for foreign
retirees -- its incredible pensionado program. Panama's pensionado program was
created via Law No. 6 and Law No. 9, both passed in June, 1987. Today, the
program still provides pensioners with the most appealing special benefits the
world has to offer. Under the pensionado program, retirees are entitled to the
following:
Additionally, pensionado also receive a
one-time exemption on the importation of household goods of up to $10,000, and,
additionally, will enjoy an exemption from duties for the importation or local
purchase of a car every two years. The government has also set up an additional
national and foreign investment program where a new panama property has a 20-year exoneration period during which
investors do not have to pay any kind of real estate property tax.
Rated as the number one place in the Americas
for retirement by Modern Maturity magazine (based on safety, cost of living,
infrastructure attractions, beauty and climate), Panama's lifestyle offerings
and cultural activities coupled with the gorgeous beaches and great surfing,
kayaking and diving, ensures Panama has something for everyone.
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