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Over the last decade North American retirees have come to Panama in increasing numbers. Younger people have come to Panama to start a new life. Expatriates have brought their skills and their resolve to help Panama develop and prosper. Panama’s economic boom has attracted Latin Americans and North Americans both to a life in Panama.

Panama is a country of four million on the narrowest part of the Americas is the site of the Panama Canal. This tropical country has beaches on both the Caribbean and Pacific. Panama has a first world economy and first rate services. Vacationers and retirees alike are attracted by virgin rain forests a few miles from upscale malls and pristine beaches a few hours by air from North American cities.

Because of Panama’s easy residency laws retirees have found a satisfying life in Panama making it the world’s premier retirement destination. Panama does not tax foreign income and Panama does not restrict the purchase of property by foreigners. Life in Panama includes the same discounts for foreigners on everything from groceries to medical care that Panamanian retirees get.

Life in Panama includes Panama property at substantially less than comparable property in North America, Europe, or the Caribbean Islands. Property in Panama has gone up in recent years with the current economic boom. Property you purchase in Panama will likely appreciate even more for years to come. Life in Panama also allows one to invest in property in Panama continuing to make money in retirement.

What Does Life in Panama Cost?

Home grown groceries are as little as half the price and often fresher for having been picked closer to the market. Although imported items will be as much or more than North America items such as medicines have a discount of 25% for retirees. The cost of life in Panama is much less for North Americans than back home.

Services with Life in Panama

Because of the excellent quality of health care at a low cost Panama is a referral center for much of Latin America. In addition, medical tourism has caught on and patients fly from the USA to get equal quality elective surgery at half the cost of the same procedures in the USA. The same US and Canadian trained and certified physicians are available to anyone who chooses a life in Panama.

The phones work in Panama and there are cable TV programs in English as well as Spanish. Panama City offers excellent restaurants and entertainment. Internet hookups of 1MB a second cost $23 a month.

What Else does Life in Panama Offer?

There is plenty of white sand to walk on and island in the Caribbean and Pacific are waiting for you to dock your boat. Panama has world class sport fishing, great scuba diving, and Pacific beaches well know for their surf.

Much of Panama is untouched rainforest or tropical highland. Eco tourism is popular in the central highlands and the Darien. Indigenous areas, Comarcas, are also popular for tourists or those who live in Panama and want to expand their horizons.

Panama City has as condos with fortieth floor views of the Pacific and the mountains of Panama’s interior. Nearby housing in the old Panama Canal Zone provides modern facilities close nature next door and modern malls less than an hour away.

If you want to investigate life in Panama or investment in Panama come to see us at ABPanama. We have over 23 years experience managing real estate portfolios and do business throughout the country.