Pensioners can rest assured they can live comfortably and laugh off many consumptive expenses in Panama because they are not expensive at all ($10 for a day at a spa).
After one applies for residency (easy) and is on the pensionado plan, these are some of the perks that one can access.
Here are some aspects of Panama that you might not know:
Information is from many sites - Panama gov't websites and International Living's website.
After one applies for residency (easy) and is on the pensionado plan, these are some of the perks that one can access.
- 50% off entertainment like movies, museums, concerts, and sporting events
- 30% off bus, boat, and train fares
- 25% off airline tickets
- 50% off hotel stays (30% on weekends)
- 20% off restaurant meals
- 15% off hospital bills
- 10% off prescription medicines
- 20% off doctor visits
- 15% off dental and eye exams
- 20% off professional services
- 50% closing costs for home loans
- 25% off your electricity bill
- Close to the U.S. (just a 2 ½ hour flight from Miami )
- Political stability and very low crime rates
- Excellent weather, with a climate for everyone, from tropical beaches to temperate mountains
- Top-quality health care—the gleaming new Punta Pacifica Hospital is the only Latin American facility affiliated with Baltimore's renowned Johns Hopkins Hospital
- No income taxes on foreign-earned income
Here are some aspects of Panama that you might not know:
- You can drink the tap water
- No property taxes on homes or condos constructed in the last 20 years
- The U.S. dollar is the official currency
- A built-in community of English-speaking locals and expats
- No hurricanes...ever
- The world's best retirement incentive program, and...
- It's affordable, affordable, affordable—live well on as little as $979 a month!
Information is from many sites - Panama gov't websites and International Living's website.
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