Panama, nested between the Pacific and the Atlantic Oceans and with just over 4 million inhabitants, has it all:

SCENERY

Beautiful beaches on both oceans

Mountains and its charming little towns

The beautiful and cosmopolitan Panama City

Panama has some of the most attractive and competitive advantages in the region:

• Since 1904, the US dollar has been used as legal tender.
• Traditionally, Panama maintains an annual inflation rate of less than 2%.
• Low cost of living. For foreigners, it is one of the most important reasons to buy property in Panama.
• Low taxes on income earned in Panama and NO taxes on income earned in foreign countries.
• Extraordinary gastronomy
• Panama's economy is one of the most stable in America with high growth in Gross Domestic Product
• Economic growth for the year 2023 was 7.3%
• It maintains an efficient banking center with more than 70 banks from all continents of the world.

ADVANTAGES THAT PANAMA OFFERS TO FOREIGN RETIREES

Panama grants permanent residence as a retiree to foreigners who have a retirement or life pension of one thousand United States dollars (US1,000.00) or more.

Foreigners can obtain permanent resident status in Panama by investing five hundred thousand US dollars (US 500,000.00) or more in a real estate investment.

50% discount on recreational and entertainment activities, such as cinemas, theaters, sports, and other public shows.

25% discount on airline tickets from national and foreign public or private companies

25% discount on the value of individual food consumption.

15% discount on the total bill for services provided by private hospitals and clinics.

20% discount on the value of medicines in pharmacies.

25% discount on home utilities.