Why Retire or Buy a Second Home in Panama

There are many good reasons why it's a smart choice to retire or buy a second home in Panama.

In no special order, here are some of the most important:

1. Panama is close.

There are direct flights tp Panama between 3-5 hours long from these US cities: Newark, Houston (Copa, United ), Atlanta ( Delta)..Dallas (American) Los Angeles ( Copa). Miami (Copa. American), Fort Lauderdale (Copa, Spirit), New York (United, Copa), Orlando (Copa), New Orleans (Copa) ). Las Vegas (Copa) and Denver (Copa)
From Canada: Toronto ( Copa) and Montreal ( Copa).
Copa is an award winning Panamanian airline with code share with United.

2. Panama is safe.

Panama is one of the safest countries in the world with the same rating for tourism safety as the United States. Don’t believe us. Talk to foreigners who live here and they will tell you how safe they feel relative to other places they have lived.

3. Panama is a small, beautiful country with a wide variety of world-class attractions

Panama has a wide variety of destinations, activities and world class attractions - and since it is such a small country ( the size of South Carolina) they're in close proximity. You will never have a reason to be bored-with the beaches, mountains, nature, sophisticated captial city, fine dining, golf, sport fishing, Indian culture and history...

4. Your investment will increase in value.

Year after year, Panama is rated by international indexes as one of the best countries in Latin America for business and investment. Panama;s GDP has grown an average of 5% for the last 10 years.

5. Panama has a stable democracy and Latin America’s most stable economy.

Panama has a democratically elected president and has the most stable economy in Latin America. It has excellent relations with the United States and pro-business policies. President Juan Carlos Varela who took office in 2014, more than any previous president is working hard to bring down corruption - a rarity in Latin America.

6. Panama has the US dollar as it’s currency.

What a "travelers pleasure" it is not have to exchange money at the airport and not to have to pull out a calculator to figure out what that meal just cost or how much that neat Panama City condo costs.

7. Panama has no hurricanes or major earthquakes.

Unlike it’s Central American neighbors not to mention certain places stateside, Panama is in an hurricane-free zone. There are also no majo earthquakes.

8. Panama is a nature lovers paradise

Enjoy beautiful and fascinating nature in the rainforests, mountains and the oceans- indeed it's hard to think of anywhere as nature-rich as Panama.

9. Your family and friends will be impressed with your choice.

We hear this story all the time…”my kids and family thought we were crazy when we told them we were going to buy a home and live in Panama ...they thought we were having some severe mid-life crisis etc…then they came down and were blown away by the place...”.

10. Panama is a good place for beach lovers.

There’s a beach close by just about everywhere. With both a Pacific and a Caribbean coastline, Panama has thousands of miles of beaches and over one thousand islands. Water sport activities- include fishing, diving surfing, sailing and sea kayaking.

11. Panama has the best retiree benefit program in the world.

Retirees get major discounts on air tickets, medicine, movies, restaurants, hotels etc. Other benefits include the importation of all your household goods free of all taxes. As a retiree you can import a car every two years free of import taxes (other taxes apply).

12. Panama has a carefree climate.

In Panama City, the beaches and lowlands there’s a year-round warm climate. Some places like Panama City are humid but that is easily remedied with air conditioning… You go from an air-conditioned home, to an air-conditioned supermarket, to an aircondioned mall etc. and are hardly bothered by it. Evenings and early morning temperatures are perfect for walking or running.
In the mountains and highlands weather year-round is spring-like temperatures-- no air-conditioning needed.

13. Panama has a modern American-style infrastructure.

Panama City- it's Manhattan-like skyline, the buildings, stores, shopping malls and many neighborhoods will remind you of the States- this is the by-product of nearly 100 years of an influential American presence in the Panama Canal.

14. High speed internet is more available in Panama than in the United States.

You can get high speed internet anywhere in Panama. Phone and other telecommunication services are excellent.

15. If you are an investor or businessman, you will find Panama's entrepreneurial class good to work with.

People starting small companies or major investments find doing business in Panama easier than in other foreign countries. This is because Panama is business friendly and because so many Panama businessmen are American-educated. They understand Americans and know how to work with them.

16. Medical care is on a par with United States Medical facilities. It's easy to find a Panamanian doctor or dentist that;s US trained and speaks English.

Prices run about 50% less than the US.

17. Panama has one of the best road infrastructures in Latin America.

It is not perfect, - this is the "third world"- but pretty darn good.

18. You will likely get along well with Panamanians

One of the most common things you will hear from retirees is how friendly and helpful most Panamanians are. - this means the man-on-the-street, neighbors, maids, taxi drivers, the mall security guards…etc. They feel safe and welcome

19. A Retiree Visa is easy to get.

You can get a retiree visa in about a year for a reasonable price.

20. Foreigners can own property in Panama and have all the same legal rights as Panamanians.

Unlike some other Latin American countries, foreigners in Panama have all the same property rights as its citizens.

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