Panama is just beginning to realize its potential for international tourism and repatriation: protected rain forests, exotic wildlife, mountains, historical sites, beaches, coral reefs, deep-sea fishing, Spanish-colonial architecture and thriving Amerindian cultures. In addition the Panama Canal, one of the greatest engineering feats of the 20th century, offers a major attraction for cruise-ship passengers and provides a significant income stream for this emerging economy. With a multitude of marinas, tours and attractions, Panama is still a somewhat hidden gem for the international tourist or investor.
Since it took control of the Panama Canal in 1999, Panama has begun its aggressive campaign to carefully develop potential. More and more luxury hotels are being built; roads and other infrastructures are among the best you'll find in Central America. In many respects, we think Panama is more attractive than neighboring Costa Rica. And because it's still less popular than Costa Rica, travelers will find lower prices, fewer crowds and the feeling that they're discovering a well-kept secret.
"Modern Maturity", newsletter of American Association of Retired Persons (AARP), ranks one region in Panama among the top four 'best places to live abroad' in the world. International Living identifies Panama and Panama City as the best place in the world for living outside the United States.
- Panama is one of the safest countries in the world with the highest rating for tourist safety from the prestigious Pinkerton Intelligence Agency.
- Panama is an extraordinarily beautiful country with a wide variety of residential venues including mountain, beach and city communities.
- Panama City is a modern capital city with high-speed Internet, first-rate hotels and restaurants, casinos and shopping on a par with the US.
- Panama has a reliable communications and road infrastructure due in part to the 90-year American presence in Panama while overseeing the Panama Canal.
- Panama's cost of living is a fraction of the United States.
- Panama's currency is the US dollar.
- Panama has a near perfect climate.
- Panama has the best retiree incentive program in the world.
- Panama has medical facilities on a par with the United States.
- Panama is close to the United States with direct flights to Panama from 7 major US cities.
- Retirement visa requirements are minimal.
- Foreigners can buy and own property in Panama enjoying the same rights and protections as Panamanians (This is very rare overseas).
- All you need to get a retirement visa to live in Panama is:
- A clean police report from where you currently reside.
- A health certificate from a Panamanian doctor.
- Proof you receive a minimum income of $500 a month and $100 each for any dependents.