What do I need to know before retiring in Isla Taboga?

When we asked people what advice they would give someone preparing to move to Isla Taboga, they said...

"Expats considering retirement in Isla Taboga should be aware of several key factors. Firstly, the cost of living is generally lower than in many Western countries, but it can vary depending on lifestyle choices. The official language is Spanish, so learning the language or at least basic phrases can be beneficial. Healthcare in Panama is of a high standard, particularly in Panama City, but it's important to secure comprehensive health insurance. The climate is tropical, with a wet and a dry season, and it can be quite humid. Isla Taboga is a small island with a limited number of amenities and services, so for more complex needs, one would need to travel to Panama City. The island is known for its beautiful beaches and nature, offering a peaceful and relaxed lifestyle. Panama uses the US dollar as its currency, which can make financial transitions easier for American retirees. The country has a program called the "Pensionado" which offers numerous discounts and benefits to retirees, but specific requirements must be met to qualify. Panama's residency process is relatively straightforward, but it's recommended to hire a local attorney to navigate the legalities. Lastly, it's important to visit and spend time in Isla Taboga before making the decision to retire there, to ensure it suits your lifestyle and preferences," said a member in Isla Taboga, Panama.

Panama Legal Business (PANLEB)
Get Quotes

Explore Panama Legal Business for a full suite of legal services tailored to your needs. From obtaining residency and visas to opening bank accounts, obtaining apostilles, conducting background checks, setting up businesses, and navigating real estate transactions, trust our experience and dedication to guide you through every step of the process in Panama.

Panama Legal Business (PANLEB)

What do I need to know before retiring in Isla Taboga?

If you live in Isla Taboga, newcomers to Isla Taboga would love to hear your answer to this question.