A partial list of retiree incentives include:
- Household goods can be brought in to Panama free of taxes.
- New cars can be brought in duty free every two years.
- Discounts between 15% and 50% are offered on hotels, restaurants, movies, many professional services etc.
- Panama is a safe country.
- Panama City has a modern, American style infrastructure due to the near 100 year presence of the Americans in Panama.
- High-band Internet connectivity, cellular phone networks and ADSL in-home phone capability are readily accessible throughout most of Panama. Full-service satellite and cable TV are also very common.
- Panama's cost of living is a fraction (approximately 1/5th) of the United States.
- Panama has an ideal climate.
- Panama has medical facilities on a par with the United States.
- Panama is close to the United States with direct flights to Panama from 5 major US cities.
- Retirement visa requirements are minimal.
- Foreigners can buy and own property in Panama enjoying the same rights and protections as Panamanians.
- English is the second language in Panama and is widely spoken.
For more information, please Contact Us.
Other Laws/Incentives:- Casco Viejo Investment Incentives
- Investment Incentives for Foreign Investors
- Panama Real Estate Taxes
- Pearl Islands Investment Incentives
- Property Tax Exonerations/Incentives for New Construction
- Real Estate Law 2 of 2006: Island and Concession Real Estate
- Retirement Incentives
- Tax Incentives for Projects in Special Tourism Zones
