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PANAMA-TOP-OF-THE-RETIREMENT-HAVEN-LEAGUE-TABLE

PANAMA TOP OF THE RETIREMENT HAVEN LEAGUE TABLE

30.01.19

Panama is top of the retirement haven league table as revealed by the newly released Annual Global Retirement Index for 2019.

A firm fixture in the ‘retire to the sun’ shortlist, this year marks the 10th time the country has reached the coveted No1 spot - climbing from third place to scoop the top prize.

The Central American gem packs a lot into its small area - a fast-paced eclectic capital city, palm-fringed beaches, and forest valleys where the temperature is spring-like all year. And what makes it truly special is its Pensionado programme. To entice retirees to the country, the Pensionado visa is available to anyone with a lifetime pension of over $1,000 a month. The programme also grants discounts to seniors on a wide range of goods and services, from medical consultations to movie tickets.

"Panama City is a world capital that's coming into its own," says International Living’s Jessica Ramesch. "It's a well-established business destination, with top-notch infrastructure--especially when it comes to cellular and internet connectivity. It's the region's busiest flight hub, the only city in Central America with a metro line, and the only city in the region with its very own rainforest.

But what few people know is that the destination is also something of a cultural hub. Panama City is home to active, vibrant communities from all over the world, and every art form is celebrated.

It’s also a cosmopolitan capital where you can rent an ocean view property for as little as $1,500 a month. Access to the US and Canada is easy - Miami is just three hours away by plane. Warm and tropical, it’s nevertheless outside the hurricane belt. The tax burden is low plus there's a large English-speaking population- including a cadre of excellent doctors.

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