©istockphoto.com / SimonDannhauer
Government-sponsored incentives are drawing retirees to Panama.
From superior benefits for retirees and an assortment of visa options, to the captivating sights and real estate options available, there is much to see and even more to experience as a resident of Panama.
For retirees in particular, the benefits offered through Panama’s programs have crowned it as “one of the top retirement destinations in the world,” according to Stephanie Villarreal, president and Realtor for Your Panama Real Estate Connection. She notes that the government-sponsored “Jubilado” retirement program provides impressive discounts on a range of expenses, including dental/eye exams, medical consultations, restaurant bills, airline tickets and even car purchases. What is needed to qualify is an annuity/pension-like income of $1,000 USD per month. Having good, affordable medical services like, amongst others, the Johns Hopkins-affiliated hospital in Panama City is another added benefit, Villarreal says. New residents find themselves taking on the Panamanian lifestyle in no time at all.
The process of immigrating to Panama is relatively simple as well, Villarreal says, and with the help of experienced law professionals, the process is straightforward and easy.
Basilica of the Mother of God is prominent in Casco Viejo, where churches dating back hundreds of years blend with activities for those of all ages.
Photo ©istockphoto.com / rchphoto