For this kind of customer, Panama offers different options, which include:
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The possibility to acquire houses in projects designed especially for seniors.
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High quality standards in medical treatments.
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Tariff tax partial exemptions that brings great advantages, in the case of
having VISA for retired people.
Additionally, it is important to take note thar our country:
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Is one of the most secures countries, with a higher qualification in matter of
security for tourists.
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The cost of living is very underneath with respect to the one of the United
States.
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In Panama, national or foreign senior people have right to a discount in the
consumption of some products and services of 15 % of the total (hotels,
restaurants, cinemas and many professional services).
RETIRED RENTERS
It is the status brought to foreign people who fulfill some requirements based
on special laws and regulations (Law No. 9, June 24, 1987).
To obtain the retired renter status is necessary, among other things, the
following:
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Evidenced economic solvency, previously established.
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Good-health medical certification
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Acceptable police records emitted by the origin country of the applicant.
This status also allows to the applicant:
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To import domestic or personal stuffs a single time until ten thousand dollars.
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To import an automobile (vehicle) for personal or familiar use each two years.
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Inheritance tariff tax exemption.