 Panama is widely considered to be one of the best places in the world for retirees today, combining a low cost of living, near-perfect weather and one of the world’s best discount programs for retirees, with up to 50% off everything from public transport to movies, mortgage rates, doctor’s visits, electricity, restaurants and airfares.
When you compare Panama with its neighbors, you’ll find that it has more amenities, more value for your dollar and a more central location than traditional retirement spots such as Mexico and Costa Rica. Panama is on the leading edge of an international economic boom fueled by the recently approved expansion of the Panama Canal and by a global recognition of its central location, strong service-based economy and business-friendly regulations. As a result of the economic boom, realty prices have been increasing, but they are still quite affordable in comparison with Panama´s neighbors. Now is the time for the astute international real estate investor to consider Panama.
When considering Panama, first and foremost for the international investor is that in Panama international investors can own their property, there is no ¨lease only¨ option here, as in many countries. Panama is also one of the very few countries in the world where your foreign business is tax-free. This is because Panama 's tax system is based on the territorial principle, according to which residents do not have to pay taxes on income derived from foreign sources.
Panama offers a great incentive package for retirees. The benefits include;
- The right to reside indefinitely in Panama.
- Tax Import exemption of personal goods of up to $10,000.00
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 Tax Import exemption of cars for personal and family use, one every two years.
- Movie Theaters, Sports Events and Entertainment Activities 50% Discount.
- Public Transportation Discount, 30% in Buses, Trains and Boats and 25% on Airlines.
- Hotels Discount, 50% Monday through Thursday and 30% Friday to Sunday.
- Restaurants 25% Discount.
- Fast Food Restaurants 15% Discount.
- Services of Hospitals and Clinics 15% Discount.
- Medicines purchased with a Medical Prescription 10% Discount.
- Discount in Medical Services & Consultations.
- Prosthesis, Apparatuses and Accessories of Aid 20% Discount.
- 1% Adjustment in Mortgage Rate on Residence of Personal Use.
- Electric Bill up to 600k Wh 25% Discount.
- Phone Bill Fix Fee 25% Discount.
We believe Los Altos de Cerro Azul is undervalued and largely undiscovered, so for at least the time being, we remain incredibly affordable. For those who want to travel off the beaten path, Los Altos de Cerro Azul offers to improve your quality of life...to lower your cost of living...and to allow your investment to earn a profitable return. If living in a great natural setting and tranquility are important to you, do not wait to contract us.
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