Advantages of Retiring in Panama
(bizzia.com) Along with retiring in Costa Rica, retiring in Panama has become quite common. And for good reason. Publications such as Fortune Magazine, Modern Maturity and International Living have all credited Panama for being one of the best places in the world to retire.
Here are five advantages of retiring in Panama:
1. Unmatched Benefits
If you are looking for special benefits for retirees, you simply cannot find better retirement benefits than can be found in Panama. For example, you retirees pay only half price at many entertainment venues and hotels. Additionally, home loan closing costs are half price.
2. Ease of Transition
When moving to Panama, you can bring up to $10,000 worth of items without paying a tax. You can also bring a car without tax. Shipping to Panama is extremely easy.
3. United States Dollars
The money used in Panama is the U.S. dollar. As you can imagine, that makes everything much easier for those retiring from the United States.
4. Diverse Culture
Due to Panama being a country that has a lot of incoming people, you can find a diversity of culture that is rarely matched elsewhere in the world.
5. Investment Friendly
The Panamanian government actively wants investments. As a result, they offer numerous incentives to investors.
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Original Source: bizzia.com
Date Retrieved: June 2, 2009.
