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2018 Annual Global Retirement Index Suggests Panama Is One Of The Best Places For Expatriate Retirees

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Moderator comment: Below is a transcription from an article on pages 6 and 7 of the October 11-14, 2018, issue of El Visitante. The transcription is provided for ease of reading. The complete article in both English and Spanish is included at the bottom of this posting.

Quote

According to the 2018 Annual Global Retirement Index, of the ten best places to live in the world, seven are in Latin America and among them is Panama, a place where you can live a healthier and happier life, spending little and obtaining many benefits in your favor.

Panama is a modern and practical country, situated close to the United States. Panama City is a destination which offers "exciting meals, jazz, movies, golf, tennis and much more". It continues to grow daily and is becoming more attractive for tourists. Its people are friendly and welcoming, which gives a special touch to this small, but great country.

The lush mountain villages in the highlands of Chiriqui are among the best retirement destinations in the world. Expats in Panama have explained that they are much happier and healthier since they made the move.

In the interior of the country things become much better in terms of costs. It is possible to live on a budget of about $1500 per month, or even less. Regarding the payment of basic services; garbage collection is between $10 and $25 per month; mobile phone services and internet between $30 and $45 per month, aspects that make this country much more attractive. Another positive point for Panama is that retired foreigners do not pay any income tax on their earnings in their country of origin.

This list of positive things that the country offers is what has made it attractive for foreigners looking for a place to retire. Some aspects which are eye-catching and rouse interest in residing in Panama are: the basic economic services provided, access to health and high tech, and adequate salaries, among many others.

 

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