Places where Pleasent Environment and Quality of Life are The Real Benefits
The Most Important of the Place You Live Is to Have Good Neighbors, and Panamanians Our warm Caribbean climate, good infrastructure, legal and financial factors, are some of the reasons and benefits that can be enjoyed
The Most Important of the Place You Live Is to Have Good Neighbors, and Panamanians
Our warm Caribbean climate, good infrastructure, legal and financial factors, are some of the reasons and benefits that can be enjoyed in our country, if you are looking for an ideal destination for pensioners.
In a list dominated by Latin American countries (six out of ten countries in the region) called “Annual Retirement Index” Panama stands out in the first place in 2019. Among other reasons, for being a country where the dollar circulates, it is a hub of the Americas where flights depart and connections are made to almost all parts of the world and because there are people who understand and speak English.
In this list, Panama has positioned itself at number one ten times already. Among the main attractions are discounts, visa, government and development. As a new investor, retirees will find a low tax burden, since they leave tax exempt for pensions received abroad.
The magazine “International Living” adds positive factors such as the ease of buying or renting a residence, giving a better value to the cost of living. This added to the fact that the law allows retirees to receive discounts of 50% on ticket prices on recreation and entertainment activities (cinemas, theaters, concerts, hospitals and hotels, among others), as well as a 30% discount on bus tickets and 25% on flight tickets, as well as in the consumption of meals in restaurants, light fare and water consumption.
Another of the many advantages offered by the country is our tropical climate, and the excellent location away from the Atlantic Hurricane alley. However, the country stands out for having several great development poles outside of Panama City, making it easy for foreigners to grab their bags and come to live the best years of their lives.
Among the best sectors to retire are:
Coronado Beach: It is the most developed of the beach communities with more than 30 projects established in this sector in the Pacific Coast. More than 600 residents live here permanently, among Panamanians and expatriates. This is one of the beach options with the highest value in real estate nationwide.
Chame, West Panama: The tenth province is a very popular place among tourists, because of its proximity to the capital and the Pacific beaches. Couples in their golden years who wish to live near the sea, will find in Chame cost of living options that can vary between $1,500.00 to $2,000.00
Las Tablas, Azuero Peninsula: It is part of the golden coast of Panama. The city of Las Tablas is considered a national and cultural center for Panamanians. It is a very picturesque place where you can still enjoy a relaxed life, except in carnivals or Patronales (local festivities), when the town is lit in a big party and the whole atmosphere changes. It takes about $1,000.00 per month as a fixed budget, so that a couple of retirees can keep a high quality of life.
Santa Fé de Veraguas: This is a beautiful region of Veraguas Province, where life is calm, the climate is cool and its inhabitants live at a slower and healthier pace. It is the most rustic of the options to settle down to live, where you can build a simple or dream mountain residence. It is a small town where tourism is growing, very soon the value of the real estate will increase. The cost of living for a retired couple can range from $500.00 to $1,000.00 per month.
Boquete, Chiriquí: The pleasant climate and an already established expatriate community make it very attractive to live in this mountain town. Today, there are almost as many foreigners as Panamanians living in Boquete. The real estate market has remained very stable in the last two years. Boquete can be reached by a 45-minute flight from Panama City to David, Chiriquí, and from there to Boquete is half an hour by car. In this place, a retired couple can live comfortably with $2,000.00 per month, considering that it is one of the places with the highest cost of living in the country.
Retirees or pensioners who wish to apply for permanent residence must demonstrate their financial solvency to live in the country. Foreigners who buy property in Panama will enjoy the same rights and protections that Panamanians receive.