Panama´s growing popularity as a destination for U.S. retirees was analyzed by Business Week´s Michelle Conlin, in an article published in La Estrella de Panamá.
According to the Institute of Migration Policies, a U.S. organization that studies the movement of people around the globe, the main factors motivating American professionals to move to Panama are first class health care at a third world country price, and its retiree program, which has some of the larger discounts and incentives of Latin America...
The Six Best Overseas Retirement Havens For 2008 - Where To Retire Well On Less Than $1,500 A Month.
The cost of quality retirement living options in the United States has risen well beyond the budget of the average would-be retiree.
The current meltdown in U.S. housing costs doesn´t change this fact.
PRONicaragua and Intur are promoting the country as an attractive destination for U.S. retirees.
A fair named "Nicaragua: A Paradise Within your Grasp", presented 14 touristic development projects to 24.000 visitors over the age of 50.
"The featured projects were: Montecristo, Gran Pacífica, Guacalito de la Isla, Rancho Santana, La Talanguera, El Encanto del Sur, Parque Marítimo El Coco, Barceló Montelimar, Hacienda Iguana, Colinas de San Juan, Laguna Sol, Remax de Nicaragua, Desarrollos Sooner y Hotel Seminole", reported Elnuevodiario.com.ni.
Panama, Belize and Nicaragua are competing with Costa Rica and Mexico in trying to attract retirees from the U.S. and Canada.
All of these countries are offering residency packages and tax exemptions at rates similar to those granted by Costa Rica. For example, in Nicaragua there is a law which provides advantages for retirees on items ranging from cars to building materials.
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