Retirement in Panama
Have you ever dreamed of getting away from it all?
Live your days in paradise! Wake up to the sound of the surf and begin the evening with the worlds most beautiful sunset. Panama is one of five countries in the world that is recommended for retirement by Fortune Magazines 2005 Retirement Guide.
Many Americans are living a more luxurious lifestyle on their retirement in Panama, a country that has favorable tax treatment for foreigners, a relatively low cost of living, lush surroundings and an mild climate.
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Beauty and Tax Breaks Lure Buyers to Panama According to a February issue of the New York Times, property here remains a fraction of what one would pay for similar real estate in the United States. And with enticements like a 20-year suspension of property taxes to those who build houses or renovate in a historic district - PLUS an income tax hiatus - the opportunities are appealing not only for those seeking a place to retire but also for entrepreneurs.
The Panamanian tax system doesnt discriminate between citizens and foreigners. Taxes are not paid on interest income or stock market investments. Panama is one or the worlds premier offshore centers where the banking system provides privacy with an American-friendly inclination. The infrastructure of roads, electricity and telecommunications are comparable to a city in the United States, so you have the conveniences of home while affording that house on the beach or overlooking the golf course.
Panama is the new Central American bargain where the US dollar the market currency goes a long way. A former gas company executive spent a year and a half researching a retirement spot with his wife before settling on a 2.4 acre lot on a beach resort near Coronado.
We wanted a tropical place with an ocean view in a politically and economically stable country he said. Panama just kept coming up.
- Conde Nast Traveler, October 2004 Explore this lush landscape and its 330-year-old history with us. Our experts will guide you through everything you need to know to live in Panama. You will understand the legal, property, and citizenship issues involved in living the expatriate life. We will take you to the mountains and the beach. Experience Panamas quaint towns as well as cosmopolitan shopping. Join us and see for yourself!
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