A New Life in Panama
Panama welcomes expatriate retirees with open arms. It offers the Pensionado Program, a neat package of the best incentives for retirees in the whole wide world. You don’t have to be sixty to qualify as you can be 19 years old and all you need to do is show that you have a monthly pension of $500 plus $100 per dependent to qualify for the program. You are also qualified to receive most of the benefits of the Pensionado Program if you are a female foreign resident who is at least 55 years old or a male foreign resident who is at least 60 years old. The benefits include but are not limited to the following:
- Tax free importation of household goods when you finally make the move to Panama and tax free importation of a new car every other year
- Discounts ranging from one to 50 percent on utility bills, airline tickets, loans, home mortgages, medicine, professional and technical services, dental and eye exams, and numerous other items.
Panama’s starts with the Pensionado Program but doesn’t end there. That is the reason why it is presently considered by many to be the world’s leading retirement destination. This together with the country straddling the Carribean Sea and the North Pacific Ocean, you can live the tranquil life in tropical paradise retreat.
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