Retire in Panama: The Ultimate Guide for 2022

Why Retire in Panama

Panama is one of the few countries that brings almost everything to the table when it comes to a comfortable life for retirees.

Reasons to Retire in Panama

Want to live in a luxurious gated community, or own an ocean view apartment? You might want to consider Panama city.

Cost of Living

The cost of living is one of the most important factors to consider if you are planning to move to another country post-retirement. When it comes to affordable living, Costa Rica and Panama are two of the best options in Central America.

Taxes in Panama

While you can reduce your taxes and strive to pay 0% tax in Panama, it cannot be done without proper planning and professional help. Panama has a territorial tax system which means that foreign sourced income is tax-exempt.

Excellent Healthcare

Technologically advanced healthcare, world-class medical facilities, and English-speaking doctors - Panama city is a major hub for medical tourism for people looking to seek affordable treatment from all over the world.

Large Expat Community

The country boasts a huge number of expats, especially American retirees and veterans. Whether it's Panama city or popular expat spots like Coronado or El Valle, you are bound to find expats in your surroundings.

Panama Currency is in USD

One factor that is often ignored until it hits you in the face is the currency and exchange rate of the destination country that you have in mind for your retirement. In Panama, one of the official currencies is USD.

Best Places to Retire in Panama

We weren't exaggerating when we said that Panama has something to offer everyone. From the beauty of its temperate mountains to the laid-back lifestyle of the beach towns, Panama has a place for everyone that they can call home.

Panama City

If you have been a city person all your life, and have no plans to change that in your Golden years, Panama City is the place for you. Panama city is also a major international hub for business investors and entrepreneurs.

El Valle

If you want to live your retirement years in a cool climate exploring the wonders of nature while being in the welcoming community of like-minded people, El Valle is the place for you.

Boquete

If staying healthy while living in a beautiful location is the aim, then the popular town of Boquete is for you. The entire vibe of Boquete is very laid-back and refreshing with people who prefer walking over driving and participating in social activities over living an inactive life at home.

Retire in Panama - Be Smart About It

There is no doubt that, with its huge variety of residence programs, tax incentives, and thriving economy, Panama is a dream destination. Trust us with your golden years and spend the rest of your life in a place where you are treated best.