Here is a list of goodies for retiree
o Panama has a stable government and a growing economy
o The US dollar is the legal tender. Panama has a stable economy that has been based upon the U.S. Dollar since 1904
o Residents pay no tax on foreign earned income
o Foreigners can buy and own property in Panama with the same rights and protections as Panamanians citizens.
o Pensionado program (retiree incentive program), the best in the world, is not necessarily age related and the benefits are considerable
o Tourism investments have exemptions from import duties, construction materials and equipment, income, real estate taxes, etc.
o Property tax exemptions apply to all new construction on a sliding scale according to value
o English is widely spoken
o The US presence in the country for many years has lead to a US style infrastructure with a number of familiar names and businesses
o Panama has a number of US standard health care facilities and services with many US trained English speaking doctors available.
o Panama has a reliable communications system with fiber optic telephone lines and much of the country has ADSL internet
o Panama is one of the best offshore havens in the world
We have a beach front home that is located in a gated community and is available for long term lease. The house is unfurnished, and comes with all new appliances. It is great for fishing and the gated community offers lots of amenities. Please check out our web site. It also includes links on retiring in Panama that will answer many of your questions.
Brian
http://sites.google.com/site/panamahouseforlease
o Panama has a stable government and a growing economy
o The US dollar is the legal tender. Panama has a stable economy that has been based upon the U.S. Dollar since 1904
o Residents pay no tax on foreign earned income
o Foreigners can buy and own property in Panama with the same rights and protections as Panamanians citizens.
o Pensionado program (retiree incentive program), the best in the world, is not necessarily age related and the benefits are considerable
o Tourism investments have exemptions from import duties, construction materials and equipment, income, real estate taxes, etc.
o Property tax exemptions apply to all new construction on a sliding scale according to value
o English is widely spoken
o The US presence in the country for many years has lead to a US style infrastructure with a number of familiar names and businesses
o Panama has a number of US standard health care facilities and services with many US trained English speaking doctors available.
o Panama has a reliable communications system with fiber optic telephone lines and much of the country has ADSL internet
o Panama is one of the best offshore havens in the world
We have a beach front home that is located in a gated community and is available for long term lease. The house is unfurnished, and comes with all new appliances. It is great for fishing and the gated community offers lots of amenities. Please check out our web site. It also includes links on retiring in Panama that will answer many of your questions.
Brian
http://sites.google.com/site/panamahouseforlease
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