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Ten Compelling Reasons to Consider Panama for Retirement or Business Opportunity in Latin America
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Off the cuff, one would immediately think about Costa Rica or Mexico when considering retirement or business opportunities in Latin America, but certainly not Panama.
Is there something in Panama for you?
¡Absolutamente!
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Right now, Panama is the fastest growing tourist destination in Latin America and there are ten great reasons for you to consider going there.
1. Many people already speak English.
2. Real Estate and services are still relatively inexpensive.
3. Crime rates are lower than in other countries.
4. There is less red tape to get things done.
5. There are no property taxes for 20 years.
6. The U.S. Dollar is legal currency.
7. Receive all kinds of discounts as a qualified "pensioner" which is easier to get than you might think.
8. Residents pay no income on foreign-earned income.
9. Tourism investments have 20 year tax exemptions.
10. Great location. You can easily get to both Central and South America.
I have a friend who owns a language school in Costa Rica who decided to pack it up for Panama. He loves it there! Says it is much better than Costa Rica right now. Costa Rica has seen significant increases in everything from crime to prices in real estate and services over the past 10 to 15 years.
If you are considering retiring in Latin America or looking for a great place for a business opportunity in the region, consider Panama.
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posted by Ricardo González on July 16, 2008.
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 Watch Ricardo's Compelling Speech "Latino Leadership to Inspire a Troubled Nation" in its entirety! click here
(28 minute video)
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