When we say Panama is one of the best places to live in the world, we’re not alone. Panama has consistently been rated as one of the best places to retire, live, work, and play overseas by prominent publications such as International Living, Forbes, CNN, US News, and more.
So what is it about Panama that makes it such a magnet for retirees, professionals, families, tourists, and adventure seekers alike?
Panama has something to offer for everyone. Whether you are drawn by the breathtaking scenery, high quality of life, affordable cost of living, variety of nightlife, shopping, and dining choices, or just wish to escape to the secluded, unspoiled beaches, Panama offers the best of both worlds.
One of the key advantages to retiring in Panama is the impressive health services and tax benefits. With all the concerns regarding the future of U.S. Social Security and health insurance, Panama provides a safe and inexpensive alternative for retirees.
In Panama, there is no need for currency exchange, which makes purchases simple and stress-free. Your Bank accounts and investments are all transacted in U.S. dollars.
Panama offers tax exemptions for any new building, whether it’s a condo or home. And, income generated outside of Panama will not be taxed.
Residents also benefit from the efficient and effective health care clinics, which provide top-of-the-line care with low-cost pricing.
For outdoor enthusiasts, Panama offers plenty of activities. From exploring the exotic tropical rain forests to golfing, rafting, diving and world-class sports-fishing.
Panama offers all of the comforts of home surrounded by unspoiled nature and easy access to a sophisticated city, which is why more people are choosing Panama as a relocation destination.
Whether you are searching for a vacation property, a retirement home, or are looking to relocate, at Inside Panama Real Estate we will provide you with everything you need to know about Panama.
Photography ©2011 Oliver Wolfe.