Panamainfo’s Blog

Business Week on Why Panama is the Next Florida for Retirees

Business Week recently published an article on Panama for Retirement. It recommends Panama for professionals  on a moderate retirement income. Some years ago, Panama was attracting retirees on low budgets, but Panama today is no longer a low budget retirement destination. and one could argue it never was. Panama also works well for professionals as it takes a certain degree of sophistication to navigate and enjoy the waters of a country like Panama.

Panama’s new president has declared his intention to make things easier for retirees who plan to move here, but we don’t know yet what that means practically. One thing that is clear,  Pres.  Martinelli, one of the countries foremost businessmen, is on the ball making many long overdue changes in a myriad of areas. Therefore Panama will soon be on the radar not only for retirees but also for investors and businesses looking for a home office in the region.

It is significant that in this article, Business Week does  not mention neighboring Costa Rica that was the first country to successfully attract foreign retirees.  Panama stands out by itself these days.

Check it out on the article link:

http://www.businessweek.com/magazine/content/09_28/b4139054352321.htm

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