Panama is a privileged country within Latin America. It is fast becoming a preferred location for a second or retirement home for many North Americans. It is quickly becoming one of the hottest real estate and retirement locations in the world. Many retirees are finding out about “the new Costa Rica”. There are many reasons why Panama is growing in popularity with foreign retirees, businesspeople and investors. Many already call it home and consider it the best country to retire. Let’s learn more about retiring to Panama.
For one, even nature has blessed Panama. Due to a unique geographical position, there are no natural disasters, no hurricanes or destructive earthquakes which plague its Central American neighbours.
It is in Central America, bordering both the Caribbean Sea and the North Pacific Ocean, between Colombia and Costa Rica.
Residential environments drastically range from city, mountain, beach and island communities.
Panama is convenient, low-cost, and easy living. Panama’s cost of living ranks among the lowest in Central America.
We would know that we have everything God needed to make paradise. Great farming, beaches, mountains, wildlife you wouldn’t believe…people so beautiful you could cry.
The number one country outside the United States for a second home- based on Panama’s outstanding safety, infrastructure, climate and beauty.
The Panamanian “Balboa” is actually the U.S. Dollar. Retirees love that they don’t have to calculate conversions or learn a new currency.
Panama’s climate is as varied as any nation. From hot, sunny lowlands to the dry, windy beaches all the way up to the cooler mountain climates of Chiriqui…there’s something for every retiree.
Panamanians are accustomed to foreigners. The U.S. military had a major presence in Panama until the handover of the Canal and thus, the locals are quite accustomed to foreign ways and dealing with outsiders.
The quality of life in Panama is very good for the value. Thanks to the Panama Canal, most products available anywhere can be found in Panama City and at real market prices.
Panama’s highways, telephones, shopping, hospitals and banks are incredibly modern. Most foreigners are pleasantly surprised at how advanced Panama is, even in remote areas.
Panama is a country forged by various cultures and traditions that come together to create a unique complexity and exotic environment. The country’s ethnic diversity is reflected in the traditional products, such as woodcarvings, ceremonial masks and pottery, as well as in its architecture, cuisine and festivals.
Panama offers good-quality medical care and modern hospitals in its metropolitan areas. There is a great medical center with modern facilities in the city of David in the Chiriqui Province in the western region of Panama. Many Panamanian doctors are U.S.-trained, and the standards at the top hospitals compare favorably to those in the United States.
Private health insurance is available and much less expensive than insurance in the United States. Prices for prescription drugs are low as well, because manufacturers price them for the market. Plus, many drugs that require a prescription in the States are available over the counter in Panama.
Panama has the best incentive program in the world for foreign retirees or Pensionados.
Some of the benefits are:
Importation of all your personal and household goods up to US$10,000 free of taxes.
Right to import a car every two years free of taxes.
It is easy to see why Panama is the best country to retire in Latin America. Many consider it one of the best places to retire in the world.
Technorati Tags: best country in Central America, best country in Latin America, best country to retire, best places to retire, Panama, retire to Panama