Dear Overseas Opportunity Letter Reader, Cheapest, safest, friendliest...best weather, best infrastructure, best health care...most tax-advantaged and most foreign-resident-friendly? How about most romantic, beautiful, exotic, historic and adventure-filled? The best, the most comfortable, the most affordable, the most convenient, and the most rewarding spots worldwide for retirement in 2013? The winners are... #1: Coronado, Panama Monthly budget: $1,800 Monthly rent: $600 Panama caters for foreign retirees like no other country in the world right now. Day-to-day living here is affordable, the approach to taxation is favorable (depending on your circumstances, its possible to live and run a business here tax-free as a foreign resident), property prices remain reasonable, even a bargain outside the capital city, and the country boasts perhaps the worlds most generous incentive program for retirees. It uses the U.S. dollar as its currency, meaning no exchange-rate risk for retirees whose retirement income is also denominated in greenbacks. Further, Panama is an international banking center and the best place in the world to start and run an international business. As the gateway to the Americas, Panamas geographic position makes it an important hub for both commerce and travel. This is part of the reason why, while other Latin American countries depend heavily on the U.S. economy, this is not the case with Panama. The country stands on its own legs, has a solid economy, and thrives as a major center for foreign business and investment, attracting investors from the region (especially Venezuela and Colombia) and around the world. Panama City is unique in Central America, the only legitimate city in the region, being remade in real time right now thanks to myriad public works projects, including the expansion of the Panama Canal. Panama also offers some of the most advanced medical care facilities in the region, with many Panamanian doctors U.S.-trained. The more remote your location, the farther youll be from the best facilities, but Panama Citys hospitals are first-rate. My top recommendation for retirement in Panama in 2013 is Coronado, a beach community on the countrys Pacific coast about an hour outside the capital. Life here could be comfortable, convenient, and turn-key, as this area is home to one of this countrys most established communities of foreign retirees.
Posted on: Tue, 15 Oct 2013 23:31:13 +0000
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