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Come to Panamato Retire. Buy retirement property here in Panama and follow the many Americans who have discovered this tropical paradise where the dollar is used as currency. For the last ten years Americans in increasing numbers have been moving to Panama to retire making Panama the premier retirement destination in the world. Retirement property values are still very competitive with the US and Europe as well as the Caribbean.

Panama is at the junction of North and South American. Close to one forth of world trade passes through the Panama Canal and Tocumen airport near Panama City is fast becoming the major Latin American hub. Panama has a democratic government and Americans can own retirement property here. The economy in Panama is thriving and Panama has roads, telecommunications, and shopping comparable to the USA. Business publications refer to Panama as having first world infrastructure.

Buy retirement property in Panama and enjoy the many areas of untouched natural beauty. Panama is very conscious of preserving its precious tropical environment. Panama is also constantly improving its roads to improve access to areas of natural beauty.

Retirement property in Panama comes in varies shapes and sizes. You can purchase a condo overlooking the Pacific Ocean in Panama City and from your Panama retirement property watch container ships on the horizon come and go from the Panama Canal. From the same condo you can take a short taxi ride to any of a number of shopping malls comparable to those in the USA.

For those looking for an escape from the city there is Boquete in Chiriqui Province near to the Costa Rican border. This area is mountainous and a magnet for ecotourism. At about 3000 feet Boquete, Panama retirement property is less humid than the coastal areas and the nights are pleasantly cool. There are retirement property developments in Boquete and similar inland sites bringing all of the amenities of modern living to paradise.

Retirement in Panama

Buy retirement property in Panama and take advantage of Panama's residency laws.

You will not pay taxes on any US income when you live in Panama.

File for "jubilado" or retired person status and for $500 a month plus $100 per dependent you can have ongoing residency. Other options include buying property of $200,000 or more or depositing $200,000 in a CD in one of the many Panamanian banks. Another option is to combine a Panama retirement property purchase with a CD, the total coming to $200,000 or more. Visas are renewable every five years and residency status is ongoing.

Retired persons in Panama, Panamanian or foreign residents, are entitled to a large number of discounts. These include prescriptions, medical visits, restaurant bills, your light bill, lodging and so forth. By the way, many Panamanian medical specialists are US or European trained making Panama a center for medical consultation through all of Latin America.

Retirement Property Values in Panama

Spacious retirement property in the affluent neighborhoods of Panama City is available for $350,000 and up.

Beach front retirement property is available on both Pacific and Caribbean coasts and ranges from less than $100,000 for a lot and medium sized house up to $2,000,000 for extensive acreage such as your own island in Bocas del Toro.

You can find retirement property in Panama for pure relaxation surrounded by great natural beauty and you can find retirement property in the city of Panama where you can enjoy the excitement a major Latin American city. Don´t forget that English is commonly spoken here and that you do not have to change your dollars to a different local currency.