It just topped International Living’s annual Global Retirement Index for the 11th time.
Great weather. Strong economy. Excellent healthcare…. Oh, and special benefits and savings if you’re 55 (for women) and 60 (for men).
That’s why Panama has once again topped InternationalLiving.com’s The World’s Best Places to Retire, now on its 31st edition. The 2022 list puts the Central American country on top for the 11th time.
Aimed at North American expats, the annual rankings are crafted via a network of on-the-ground editors and global correspondents, who utilize their own experiences and a series of statistics to compile the list. Cost of living, housing, healthcare, retiree benefits and climate are all taken into account. These stats are then used to profile 25 “safe, good-value destinations beyond the U.S. or Canada,” with a focus on places where a retired couple can live a comfortable life on as little as $2,000 a month.
And yes, the ongoing pandemic has changed the list a bit, but also changed the perception of retirement. “Three million baby boomers retired early in the pandemic,” notes Jennifer Stevens, International Living’s Executive Editor. “Some of whom have enough to retire comfortably and so took that early retirement voluntarily. But others of whom weren’t prepared to stop working so soon and now are worried about their nest eggs holding out. [Plus] millions more people lost their jobs or were furloughed. And then you bring the ‘Great Resignation’ into the mix. The upshot is that people—in huge numbers—are finding themselves at a crossroads.”
Panama came in first. “[It] offers you a modern, First World environment with all the comforts of home,” as the publication writes. Some other benefits you might not be aware of outside of climate and safety: No taxes on foreign-earned income, low property taxes and a pension program (even for foreigners, and starting at the age of 55 for women and 60 for men) that offers generous benefits on travel, dining and healthcare. It also finished above 80 points (out of 100) in all 10 categories that International Living uses to help create its annual list — the only country to do so. Plus, you don’t have to wait for retirement; invest over $300,000 in real estate, and you’ll automatically get a residence by investment.
In business, Panama is considered the hub of the Americas: it has a modern airport with direct flights to major cities around the world; a powerful international business center, regional headquarters of major multinationals such as Adidas, Movistar, Neltlé, Under Armour, Huawei, Samsung, LG, among many others.
In addition to all this, there are paradisiacal beaches, a large community of foreigners from all over the world, low taxes and a solid health system.
Buying a Real Estate in Panama
In the Panamanian mountains, near the border with Costa Rica, there is a real estate project that offers the best of Panama for retirees.
The project called Agrorismo is an eco-friendly development, integrating solar energy, spring water with a perfect mountain climate, where the best coffee plantations, outdoor activities and a flourishing gastronomy proliferate.
Agrorismo is a real estate project, divided into large lots ranging from 3,500 to 10,000 square meters, located in the highlands of Panama.
Within the Agrorismo business model, phase 1 contemplates creating lots of 10,000 square meters, with beautiful houses with Italian finishes, which will be managed by the real estate company to obtain benefits for their owners through tourism rentals. Thus, investors will be able to have an annual return on their invested capital, while the land continues to value over time. Obviously an intelligent investment, which seeks that your assets are not static and are integrated into the dynamic cycle of its economy.
In addition, in line with global trends, Agrorismo integrates the possibility of making payments through cryptocurrencies to realize the investment.
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