What do I need to know before retiring in Contadora Island?

"Contadora Island, is a popular retirement destination for expats due to its tropical climate, beautiful beaches, and relaxed lifestyle. Before retiring there, it's important to understand a few key things. Firstly, the cost of living can be higher than in other parts of Panama due to the island's remote location. This includes the cost of groceries, utilities, and other basic necessities. Secondly, healthcare facilities on the island are limited. For serious medical conditions, you may need to travel to Panama City or another larger city. Therefore, it's crucial to have a good health insurance plan that covers medical evacuation. Thirdly, while Spanish is the official language of Panama, English is widely spoken in Contadora Island due to its popularity with tourists. However, learning some basic Spanish phrases can be beneficial. Fourthly, the island's small size means that there are limited options for shopping and dining. Most residents shop for groceries and other necessities in Panama City and bring them back to the island. Fifthly, the island has a small, tight-knit community. This can be a positive or negative depending on your personality and lifestyle. Some people enjoy the close community, while others may feel it's too small or insular. Lastly, it's important to understand the visa and residency requirements for retiring in Panama. The country offers several visa options for retirees, including the Pensionado visa, which offers numerous benefits for retirees. However, the process can be complex and may require the assistance of a lawyer," remarked another expat in Contadora Island, Panama.