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Owning a home in Panama

It’s not surprising that in recent years Panama has become one of the world’s top destinations for retirees, real estate investors, and international expatriates seeking an alternative to their native countries. The reason is simple.

Beyond the tax and financial privacy advantages, people are interested in living in Panama because:

  • The U.S. dollar underpins Panama’s economy, as it has since 1904.
  • English is widely spoken, making the transition to a relaxed tropical lifestyle a breeze.
  • The world-renowned Pinkerton Intelligence Agency ranks Panama as among the safest tourist destinations in the world, on par with the U.S.
  • Panama’s “Pensionado Program” (a retiree incentive package offered by the government), is arguably the best in the world, with a significant range of benefits.
  • Foreigners who buy and own property in Panama have the same rights and protections as citizens of Panama.
  • U.S. citizens who are residents of Panama may qualify to earn up to $70,000 a year – without owing any taxes to the U.S. government.
  • There is a 20 year moratorium on property taxes for any and all new construction.
  • Panama has wonderful year-round weather, with an average annual temperature of 83 degrees (F) and 27 degrees (C).
  • Qualifying tourism-related investments have exemptions from real estate taxes, import taxes, construction materials and income, to name a few.
  • Panama has a stable, democratic government and a growing economy.
  • Residents pay no tax on foreign earned income.
  • Panama is one of the best offshore havens in the world.
  • Panama is a world away, yet close to the United States, with direct flights from seven major U.S. cities.
  • Even nature has blessed Panama: there are no hurricanes, tornadoes or active volcanoes! The incredible natural beauty, quality of life and the friendly people of Panama make living in this Caribbean paradise irresistible!