One of the surest signs of a healthy economy is a growing middle class. Panama’s economic revolution has targeted this important segment of its citizenry and the results of this effort are impressive.

Economists routinely point to the destruction of the American middle class as a sure sign that the U.S. is in for long term economic troubles. Politicians in the U.S. have exported jobs while passing the nation’s wealth to the rich. By contrast, Panama’s legislators have focused on importing jobs while spreading the benefits of economic success in order to improve the lives of all Panamanians. This has resulted in one of the fastest growing economies in the world with a middle class to match.

Panama has opened its arms to investors and employers willing to bring capital and quality jobs to the country. Panama offers a long list of tax incentives to anyone willing to employ no less than three of its citizens. The government has created a world class high tech industrial park out of the old Clayton Military base, and Panama recently opened a stock exchange in order to further cement its role as the regions undisputed economic leader.

When you retire to Panama, you will find lots of familiar things. One of the most familiar is our national currency. This is because Panama’s day to day currency of choice is the U.S. Dollar. This familiar point of comparison will make it easy for you to calculate the benefits of retiring here.

When researching the economics of a move to Panama don’t forget that your new life here will begin yielding substantial financial benefits immediately.

For starters, you will not have to pay taxes on income you earn outside of Panama. This means that the money you earn from social security, pensions, investments, and business conducted offshore is not subject to local taxes. If you buy your retirement home strategically, you can avoid all property taxes for up to 20 years. Also remember, that Panamanian law also allows you to invest and bank in absolute secrecy while providing mechanisms that create one of the best estate management jurisdictions on earth.

Another big plus for retirees is called the Pensionado Program. This government backed effort provides qualified retirees with a long list of discounts like 50% off entertainment options (movies, theaters, sporting events, etc.), 50% off of the price of mid-week hotel stays, 50% off of the costs of closing your home mortgage, 30% off public transport costs, 25% off of domestic air tickets, 25% off at restaurants, 20% off of professional and home repair fees, 20% discount on already low Doctor bills, 1. 5% off of hospital bills if you are not insured, 15% off of the cost of dental and eye exams, 10% off of the local prescription prices… and more!

For more information about investing in Panama real estate contact one of our experts today.

To discover new real estate opportunities in Panama, send us an email today at Panama Real Estate.com.

+(507)263-0254 | +(507) 263-1059