What do I need to know before retiring in Las Tablas?

"Expats considering retirement in Las Tablas, should be aware of several key factors. Firstly, the cost of living is relatively low compared to many Western countries, making it an attractive option for retirees. However, it's important to understand that the local economy is primarily agricultural, which may limit job opportunities if you plan to work during retirement. The official language is Spanish, so learning the language will be beneficial, although English is also widely spoken. The healthcare system in Panama is generally good, with both public and private options available. However, it's advisable to have a comprehensive health insurance plan. Las Tablas is known for its warm, tropical climate, with a rainy season from May to November. It's also renowned for its vibrant culture and festivals, particularly the Carnival in February. The town is relatively small and rural, offering a slower pace of life, which can be a significant change if you're used to living in a bustling city. The local cuisine is a blend of Spanish, African, and Indigenous influences, with seafood being a staple. It's also worth noting that while Panama uses the U.S. dollar, credit cards are not widely accepted in smaller towns like Las Tablas, so it's essential to have cash on hand. Regarding residency, Panama offers several visa options for retirees, including the Pensionado visa, which provides several discounts for retirees. However, the process can be complex and may require the assistance of a lawyer. Finally, while Panama is generally safe, like any place, it has crime. Therefore, it's important to take standard precautions to protect yourself and your property," said a member in Las Tablas, Panama.

Kovalenko & Vera Attorneys at Law in Panama
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Kovalenko & Vera is a Panamanian law firm that specializes in immigration law, corporate law, real estate law, banking, contract negotiation, taxes and flag registry. With more than 20 years of professional practice, Kovalenko & Vera builds lasting relationships with our clients to ensure your interests are safeguarded.

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Kovalenko & Vera Attorneys at Law in Panama

Kovalenko & Vera is a Panamanian law firm that specializes in immigration law, corporate law, real estate law, banking, contract negotiation, taxes and flag registry. With more than 20 years of professional practice, Kovalenko & Vera builds lasting relationships with our clients to ensure your interests are safeguarded.
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Click connect to have our partner contact you via e-mail and/or phone.