Panama is one of the most diverse and unique developing countries in the world right now. It is located on the narrowest section of the Isthmus of Panama. It has the fastest growing economy in the region. The real estate market is booming, its banking and financing sectors are the second largest in the world behind Switzerland, and the Panama Canal provides an excellent income source for the country’s economy.

Why did we choose Panama?
• A very stable economy and political environment
Panama is a constitutional democracy. The Panama Canal is the largest income source of the economy. About one third of the residents are employed in the service industry.

• Low cost of living and affordable high-level health care

• Bilingual, hospitable locals
The official language is Spanish, but almost everybody speaks English. The education is improving. About 92% of the population is literate.

• Number 1 Pension Program in the world Read More

• Easy access from several large cities in the USA (Atlanta, Miami, Houston, Los Angeles, New York, Washington DC, etc.)
Panama City is only a two and half-hour flight from Miami.

• The Visa process is simple
No visa is necessary before travel. Upon entry your passport will be stamped for a maximum stay of 30 days. Extensions are available.

• Dollar-based economy
1 Panamanian Balboa = US $1, same shape and size also

• Less than 2% inflation rate over the last 40 years

• Great investment and banking opportunities, an offshore money haven

• Enormous tax benefits
(e.g. Pensionado Tax Benefits and property tax exemption on new construction, foreign income tax exemption, income tax exemption on foreign pensions and interests gained from fixed term deposits)

• Panamanian tariffs are the lowest of all the Americas

• The foreigners have the same rights and duties as local investors when purchasing or developing real estate in Panama

• Affordable real estate and lower cost of living than in the USA or Europe

• Modern amenities and US style infrastructure are available
Air-conditioned shopping malls with the latest fashion trends, high-speed Internet access, cable and satellite TV, new roads and highways
Panama has the highest level of communication infrastructure for telephone, fax, internet and cell phone communications in all of Central and South America and the Caribbean.

• First-world shopping, dining, entertainment and outdoor activities

• Year-round warm climate with average daily temperatures in the 80s degree Fahrenheit (There are only two seasons: dry season December-May, rainy season June-November)

• A tropical Caribbean country with no hurricanes – Isn’t it Paradise?

The greatest thing about investing and moving to Panama is that Panama wants you! Over the last 100 years, their culture has been influenced by US investors during the building and US operation of the Panama Canal. Panama’s flourishing economy and wonderful culture is not only an unforgettable experience but an investment opportunity of a lifetime.

The Pensionado Program
Anybody over the age of 50 is eligible to participate in this program if they can prove a minimum pension of $500 per month (or $600 for a couple). The program offers several saving benefits to these retirees.
As a qualified pensioner in Panama, you would be entitled to:

• 50% off entertainment anywhere in the country (movies, theaters, concerts, sporting events, etc.)
• 30% off bus, boat, and train fares
• 25% off airline tickets
• 50% off hotel stays Monday through Thursday, 30% off Friday through Sunday
• 25% off restaurant meals
• 15% off at fast-food restaurants
• 15% off hospital bills (if no insurance applies)
• 10% off prescription medicines
• 20% off doctors' consultations
• 15% off dental and eye exams
• 20% off professional and technical services
• 50% off closing costs for home loans and more

With your retiree visa you will also receive the following benefits:
• You do not pay income tax in Panama for the pension received or for the interest gained from the fixed term deposits
• You get tax exemption for new or used household goods for up to US $10,000.00.
• Tax exemption will also apply for a car, for personal or family use, every two years.