Overview

Retirement is also an important stage of life that must be planned. We are living longer, and this warrants giving it all the attention possible to ensure a satisfactory quality of life. Panama leads the world's top retirement destinations. In fact, it has been chosen on more than one occasion as the best retirement destination, including in 2025. This book, written by a native Panamanian currently living in Panama, is a basic guide for a middle-income foreigner considering places to retire and wanting to learn about Panama. It can also be helpful for middle-income Panamanians, who want to consider retiring to live a quieter life in the countryside. It contains information on the cost of living and offers information on legal benefits for national and foreign retirees. It also provides information on the procedures and costs for obtaining a residency visa for retirees. In Panama, a retiree with a minimum fixed monthly income of US$1,500.00-US$2,200.00 can achieve a middle-class lifestyle (add US$250 for each dependent or partner). This range is only a guideline and can vary substantially depending on the desired lifestyle.

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