The Motley Fool names Panama one of the 4 Best Places to Retire
Panama continues to top the lists of the best places to retire and visit in the world. As the clarion call for Panama continues year after year, Panama has moved from obscure destination to “those in the know.” It won’t be long before Panama’s early adopter status shifts to common knowledge for savvy travelers and retires. Motley Fool provides popular investment analysis. It is interesting that so many financially oriented prognosticators cite Panama.
“4 Best Places Around the World to Retire… Here’s where you can retire like a king.”
January 16, 2016, by Shoshanna Delventhal
Excerpt: 3. Pacific Coast of Panama
Panama is considered one of the most expat-friendly countries in the world. Panama’s close ties with the United Sates makes it easier to integrate and feel welcomed in this Central American country. The widespread use of English doesn’t hurt, either.
Panama’s Pensionado visa essentially guarantees a visa to anyone with a monthly pension of more than $1,000. To encourage retiree immigrants, the visa also includes various discounts ranging from 10% to 50% on food, entertainment, hotels, airline tickets, utilities, and medical services. Additionally, the Pensionado program allows a one-time exemption on duties for importation of household goods of up to $10,000. Retirees can take advantage of biannual tax exemption on buying a car locally or importing it from overseas. Due to these perks and more, Panama has ranked No. 1 in International Living’s Annual Global Retirement Index for special benefits seven years in a row. Retirees enjoy ideal weather in the small beach towns along Panama’s coast.”