Retiree Benefits

The Panamanian Government has enacted a series of laws specifically designed to encourage retirees to live and invest in our country. Moreover, Panamanian law grants the same property rights to foreigners as to locals. Among some tax advantages:

• New construction is exempt from property taxes for 20 years.
• Retirees are allowed to import their household goods free of import duties.
• Retirees may import a new vehicle every two years, completely tax free.

Retirement Incentives: When you consider Panama’s low cost of living, affordable real estate, a world class health care system and most of all, benefits to retirees, it’s no wonder industry insiders are calling this striking hot spot the best retirement destination in the world.  

Panama has been ranked by numerous sources as one of the best places in the world to retire.  After close scrutiny of eight key factors: Real Estate Prices, Special Benefits for Retirees, Cost of Living, Safety and Stability, Health Care, Climate, Culture & Entertainment, and Infrastructure, Panama came out the top destination.  This is not surprising considering the attractive incentive program retirees receive (discounts of up to 50% off on entertainment, transportation, accommodations, restaurants, hospital bills, prescription medicines, medical consultation and exams, utility bills, and much more).