Benefits for people who move to Panama under a
Retirement Visa
Import tax exemption on household goods and/or
cars. Other taxes apply.
No property taxes for 15, 10 or 5 years depending
on the property
The following discounts can be found in the Law No. 6
from June 16, 1987;
Medical Discounts on prescription drugs and health care
services, i.e., 20% in general, specialist and surgical
doctor fees, 15% in hospital and private clinic bills,
15% dental services 15% optometry services and 10% in prescription drugs.
Discounts on airfares 25%, restaurants 25%, fast food chains 15%, movies, theatres and
others 50%, public transport (air, ground, sea) 30%, lodging 30% to 50%, technical and
professional services 20%, closing costs for personal loans 50%, interest rate for personal
loans 15%, mortgage interest rate 1%, utility bills 25% (certain restrictions apply).
Other benefits of moving to Panama (Any Visa)
No income tax on incomes earned outside Panama
|
|
