Retire in Panama
Panama was just named first in the World's Best Places to Retire in the 2022. In Molina & Co we will guide you through your process of moving to Panama.
Discover the top 5 reasons to retire in Panama
Panama has become one of the world's most popular ex-pat destinations. Panama was just named first in the World's Best Places to Retire in the 2022 index published by International Living. It provides pleasant weather and a good lifestyle at a considerably cheaper cost than where you are today.
#1 Costs of Living
If you are willing to live in a modest but comfortable first-world environment, a single person may live on US$1,800 to US$2,100 per month, and a couple can live on US$2,500 to US$3,500 per month. If you can afford it, go for it.
#2 Natural Beauty & Weather
Panama has pleasant and warm weather all year. The temperature rarely exceeds 90°F / 32°C for significant periods. Natural calamities and extreme weather are also uncommon. In places like Panama City, Coronado, and Bocas del Toro, the temperature is hotter, but in mountain villages like Boquete, El Valle de Anton, and Volcan, the weather is cooler and spring-like.
#3 Quality of life and healthcare
Panama has a reliable infrastructure and modern amenities. If you live in Panama, you'll have access to products and conveniences that you're used to. Because of cheaper healthcare, insurance, transportation, entertainment, and other costs, you'll be able to indulge in more of life's little luxuries.
#4 International Hub
From all over the world, there are well-established ex-pat populations (as well as several clubs and organizations) in Panama.
The vibrant culinary and culture sectors, as well as the flashy, inventive architecture and new industries, are diversifying the local economy. Panama now has its own International Film Festival. The yearly jazz festival is well-known. Panama's huge, sophisticated convention centers host major international meetings.
#5 Retiree visa
The country has one of the most attractive benefits programs for retirees worldwide. And it is not only for Panamanians, but it also applies to resident foreigners. Accessing the benefits is not complex. All you have to do is process the residence visa.
The benefit is valid for every Panamanian woman (55 years old) or man (60 years old) or legal resident in the country. The retiree can enjoy a series of discounts on entertainment, tourism, gastronomy, public services, medical expenses, etc.
Molina & Co your allies to move to Panama
To make your dream much more accessible, ask about our services to help you process your retirement visa, relocation, and real estate advice.
We hope that these 5 reasons have convinced you to retire in Panama. In Molina & Co we can help guide you through all the steps to make your dream come true, of relocating to Panama.
We can offer advice on:
- Application for the Retiree Visa
- Investments in Panama
- Panama Real Estate
- Panama banking law
- Different options for temporary or permanent residence
Retire in Panama
If you’re ready to find an advisor who can help you achieve your dream to move to Panama, get started now.
