With the largest group of Americans (the baby boomers) retiring within the next decade, many will want to get as much or more with their money as when they were working. People are looking overseas to retire and invest their retirement capital. Places like Panama (no property taxes for 20 years) and other offshore nations will become more and more attractive. Panama is already showing signs of this progress. It has become a major banking capital in the region. This un-realized markets, and others are soon to explode.
Panama is the safest place in Central, South America and several institutions have positively ranked Panama among the highest for tourist safety. Panama has what has been considered to be the “World’s Best Incentive Program for Retirees”, according to modern maturity (AARP). The Panama Pensionado Visa Program, as it is called, offers retirees excellent tax holidays and dozens of moneysaving discounts.
Panama has beaches in both the Caribbean and Pacific Ocean, has rain forests and highlands, as well as lakes and many other landscapes for every taste. And everything at a very reasonable price!
The Balboa, the unit of currency, is at par with and equivalent to the U.S. dollar, which is the circulating medium. U.S. currency and coins and Panamanian coins are circulated freely at face value.
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