Special
Benefits For Retirees In Panama
The law outlining
benefits for retirees in Panama was written in 1987, known as Ley No. 6
del 16 de junio de 1987 adjustments to that law were made in 1989 and 1992.
The benefits for retirees in Panama are some of the best worldwide and
certainly the best in the region. Here is a list of retiree benefits:
You
can import a car into Panama every two years tax free.
Discounts
on pensions, motels, or hotels
Pay
less on medical bills if not covered by insurance
Prescribed
drugs are discounted by 10%
Airfares
are discounted by as much as 25%
Restauants
will give a discount
30%
off Public transportation
You
may import household goods worth up to $10,000 tax free
20%
off Medical services
25%
off light bills, water bills and cable bills
No
property Tax if Panama is where you own your only home
Lawyers,
Nurses, Therapists and other professions give discounts
Home
furnishings bought in Panama are tax free
Interest
rates on Commercial loans are lower for retirees
National
and foreigners are equal under the law in Panama
50%
off recreation, such as movies, sports events, ballet, parks all have a
discount for retirees
50%
off Hotels.
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Studying
In Panama
FSU-Panama
is the second oldest University in Panama. It has been operating in Panama
since 1957 and offers majors in Computer Science, Environmental Studies,
Information Studies, International Affairs, Interdisciplinary Program In
Social Science and Latin American and Caribbean Studies. The University
is located in the old U.S. Canal Zone and lies directly under the Bridge
Of The Americas, the bridge that connects North America and South America.
The University provides housing at a very reasonable price and tuition
to the school is much less expensive than most universities in the States.
Classes are in English and most students that spend their four years at
the University learn Spanish. So you get Spanish as well as English as
well as a U.S. recognized degree and you also stay out of the cold and
get the chance to visit other countries in the region without having to
travel so far. Click Here to
read more about FSU-Panama.
Letters
From People Who Have Visited Futuro Forestal
"I invested
into FSC certified forestry with Futuro Forestal, because this is a smart
way to combine ecological economical and social approaches in a stricken
third world country. Especially the idea of reforesting in Panama as a
profitable investment convinced me. I have been in Panama to see the project
with my own eyes. I was impressed to see how professional the job is done
there to benefit local people as well as the investor.
This concept
as a whole approach was important to my decsion to invest and parts of
my future retirement savings will be shifted into this opportunity"
Bernt Kamin
Chairman
of the Work Committee
Seaport
Hamburg
"We appreciate
your practical experience with the plantation and the capacity to create
a multiculture forest of primarily native species and to succeed in making
the venture profitable and sustainable. We look forward to a continued
positive relationship with Futuro Forestal."
John Spears,
Senior Advisor, the Forest Team, and Socially Sustainable Development The
World Bank in a letter to Futuro Forestal
Resources:
Moving
To Panama Living In Panama -Our
Section On Moving To Panama Living In Panama - If you need more info.
on moving to Panama this section should help answer some of your questions.
Embassies
& Consulates for Panama - Embassies
& Consulates of Panama Worldwide
Read
The Article: Two Days At The
Beach - Las
Lajas, Panama ~ by Kent McNaughton - On a previous trip to Las Lajas
beach in the western Chiriqui province of Panama, while trying to lay out
lines on the beach property bought by a fellow client of our real estate
agent - Miriam, we came across Pancho, the caretaker of a neighboring property.
Pancho invited us to use this place, if we wanted. We took him up on his
offer and made plans for Good Thursday, Friday and Saturday.
Take
A Virtual Tour Of Futuro Forestal -
Click Here to see more.
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Flora And
Fauna Of Panama
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Car Rental
Agencies In Panama
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