Archive for the ‘Press Releases’ Category
How You Can Retire in Panama and Still Earn a Good Living
Aggressive government incentives have made Panama a haven for American retirees
Panama has made itself an attractive destination for foreign investment through its well calculated tax laws, combined with its natural attributes and an abundance of economic opportunities.
But its pensionado program, which offers the best retiree benefits in the world, sends it to the top of the list for many as a retirement destination. Even better, by putting retirement and investment together, Americans are finding they can retire in comfort and security in Panama – and still make money. Read the rest of this entry »
Moody’s upgrades Panama to investment grade
By Sue Chang
SAN FRANCISCO (MarketWatch) — Moody’s Investors Service on Wednesday upgraded Panama’s sovereign ratings to investment grade of Baa3 from Ba1 on a significant improvement in the country’s fiscal and debt positions. “The anticipated positive impact of fiscal policy initiatives on government accounts and prospects for sustained economic growth are at the core of the upgrade,” said Alessandra Alecci, Moody’s vice president and senior analyst. “The Panama Canal expansion and an ambitious infrastructure investment program are likely to support strong economic growth in the next few years, boding well for debt dynamics,” added Alecci. The outlook is stable.
A charming island
Priscilla Perez
Special for La Prensa
Isla Grande, an island paradise, famous for its beaches, turquoise waters and white sand is surrounded by coral reefs and is ideal for diving.
Located on the Panamanian Atlantic coast, the island is a half hour away from Portobelo, in the province of Colon.
To get there, take one of the motor boats that are available in the town of La Guaira. (See: How to get to Isla Grande?)
Before coming to the island you will see in the water, the statue of the Black Christ of Portobelo, a monument of great religious value to the locals and which certainly attracts the attention of travelers.
The busiest days in this town are weekends and holidays, during which, according to the locals, can reach thousand visitors.
For this reason, most of the residents work in tourism or business activities related to this. Read the rest of this entry »
EASY, BREEZY, BEAUTIFUL PANAMA
Whether you’r
e an entrepreneur looking for an investment or a retiree looking for the quiet life, Panama has something for everyone, says Isobel Palmer
Is Panama the 21st-century version of Shangri-La? For those approaching retirement, in possession of an average income, love of nature and tropical climate, plus an easy-going attitude to life, it certainly looks that way.
For this little Central American jewel – it’s smaller than Scotland – combines topping quality-of-life indices with an unparalleled scheme of incentives and perks for pensioners. Tax relief is a huge part of this, and is fundamental to retirement planning of course, but how about 25% off airfares; 25% off restaurant meals; 10% off prescriptions; 20% off professional and technical services?
All you have to do is qualify for the government’s “pensionado” programme by proving you have a guaranteed income of a certain amount. The only age limit is 18. Yes, 18. Read the rest of this entry »