Much of the fun associated with the purchase of a new home arises from the opportunity to begin again with a blank slate. You suddenly have another opportunity to paint your vision of a dream home with new furnishing, textiles, paint colors, and fixtures. So where will you find all of this in the middle of Central America? The answer is easy. You can find the same mix of home center products common to stores like Home Depot at any one of a number of home stores in convenient, modern, Panama.

It is not surprising that new retirees often express concern about their ability to access the goods and materials needed to build their new life offshore. Many nations in the region suffer from an absence of the conveniences that Ex-Pats from the U.S., Canada, and Europe have come to take for granted. This is not the case in Panama.

Many have likened Panama City to Miami. This is an apt comparison as almost anything you can find in Miami, you can also find in Panama City. The urban convenience of Panama City has reached several of Panama’s smaller cities and towns as well. Boquete, one of Panama’s most popular retirement regions, enjoys a full compliment of modern shopping as well as a world class medical center. If you can’t find something in your suburban or rural setting, not to worry—Panama is about the size of Florida. Panama City is an easy drive from just about anywhere.

One of the more significant things to remember is that the financial benefits associated with your move to Panama will help you find more money fto fund your new projects. If you plan the purchase of your retirement home correctly, you can escape the payment of property taxes for as much as 20 years. Calculate this savings against the taxes you paid back home and you’ll feel comfortable spending a few extra dollars to upgrade your new kitchen, or maybe invest in a Jacuzzi tub in the master bath.

 

The financial benefits of life in Panama are well known. For starters, you will not pay taxes on income you earn outside of the country. This means that the money you earn from social security, pensions, investments, and business conducted offshore is not subject to local taxes. Panamanian law also allows you to invest and bank in absolute secrecy while providing the mechanisms required to create one of the best estate management strategies on earth.