Is Panama attractive to retirees?
A. Panama has tried to encourage foreign investment by appealing to affluent retirees. For that reason, the requirements to own property and establish permanent residence are not nearly as onerous as in some other countries. Foreign retirees who want to make their home in Panama must get a pensioned tourist visa. This visa will include the right to import up to $10,000 worth of possessions for personal use duty-free, as well as the duty-free import of a vehicle every two years. A huge plus for retirees, both foreign and domestic, are discounts of 10%-50% at restaurants and hotels, for transportation and many medical services, and for some financial dealings.
