August 20, 2024 Living in Panama
If you are considering moving to Panama as an Italian retiree, I recommend that you do further research and speak with a qualified professional to consider whether this is the right choice for you.
Italian retiree in Panama. 7 good reasons to do it. Absolutely good
Living in Panama as an Italian retiree actually offers many advantages.
Tax incentives. Tax exemption for foreign pensions. Panama does not tax pensions from other countries.
Discounts on goods and services. Retirees can take advantage of discounts on a wide variety of goods and services, including housing, transportation, restaurants, entertainment and health care.
Tax exemption on imported goods. You can import personal goods and one car every two years without paying import duties.
Tropical climate. Panama’s warm, tropical climate is ideal for those who want to escape the cold winters.
Safety and security. Panama is a relatively safe country with a lower crime rate than many other Latin American countries.
Natural beauty. Panama has a variety of natural beauty, including beaches, mountains and rainforests.
Expat community. There is a thriving expat community in Panama that provides opportunities for socialization and support.
To obtain a retiree visa in Panama (for Italians), you must meet certain requirements, including :
Being 62 years old for men and 57 years old for women
Proof of a monthly pension of at least $1,000
Purchase real estate in Panama or deposit $5000 in a Panamanian bank.
If you are considering moving to Panama as an Italian retiree, I recommend that you do further research and speak with a qualified professional to consider whether this is the right choice for you.
