Why Panama
Panama is characterized by its biodiversity, its system of protected areas, social stability, high education levels and efficient infrastructure and services. The combination of incredible natural beauty and the hospitality of the inhabitants make our country one of the destinations most sought-after by people acquiring properties from abroad.
Panama is considered one of the three best places in which to live in Latin America according to a recent study performed by the Corporate Resources group, a study that examined 192 cities worldwide. There are many reasons why Panama is such a desirable place to live:
- A strategic geographic location in the heart of the Western Hemisphere
- A government with a positive attitude toward foreign investment
- High-quality existing infrastructure
- Access to international markets
- High-quality and low-cost labor market.
Of course, one of the key benefits to living in Panama is the climate. Located far below the hurricane belt, Panama enjoys lovely weather year round. There are only two seasons in Panama – the dry season (December to May) and the rainy season (June to November) – but during both seasons you can enjoy sunny days. There are many areas with very pleasant moderate climates, and the more humid areas close to the beaches enjoy gentle breezes throughout the year.
Panama’s topography is also renowned, with beaches, spectacular landscapes and islands off its coasts on both oceans.
Those looking for sports and entertainment have many options to choose from, including horseracing, sailing, windsurfing, motor boating, boxing, cycling, snorkelling, fishing, golfing and surfing. Panama also boasts world-class shopping and nightlife options that include concerts, nightclubs, casinos, live music, restaurants, theatres, and many other attractions.
Panama at glance!
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Panama’s pensioner visa program
If you have a public or private monthly pension of $1,000 or more, or $750 a month or more and invest at least $100,000 in property, you’re eligible to apply for Panama’s pensioner visa program. The visas are granted for an indefinite time period and never expire.
In Panama, qualified pensionados or retirees are entitled to a number of benefits, including:
- 50% off entertainment anywhere in the country (movies, theaters, concerts, sporting events)
- 30% off bus, boat, and train fares
- 25% off airline tickets
- 25% off monthly energy bills
- 30% to 50% off hotel stays
- 20% off professional and technical services
- 50% off closing costs for home loans.
Pensionados are also entitled to discounts of 10% to 20% on various health and medical products and services that are not covered by insurance, and receive tax breaks on the importation of both cars and furniture.
For those building a new home, you are entitled to a 20-year break on your property taxes.