Wednesday, September 12, 2007

A Panama Retirement at 18!

Did you know Panama is one of the Cheapest Places to Live because you can become a Pensioner at 18 years of age? It's true. Foreigners can apply for the 'Pensionado' Visa as long as they are at least 18 years old. You have to prove you have a monthly income of just $500 to get the visa unlike the Retire Belize program that has a requirement of $2000 a month this one has a low qualification. Once you have it you get all kinds of incentives and discounts on just about everything! It really helps make Panama a Cheap Place to Live.

Another cool part of this visa and living in Panama is that you can still run your own business. Due to the tax laws in Panama you can run a business as long as no income is derived on Panamanian soil. You may be thinking, Huh? What it means is you can't own a typical business but you can have a virtual business. Internet based businesses are ideal because the income comes from all over the world. You can save even more by taking advantage of Panama's extensive offshore banking community.

I encourage you to take some time and Learn About Panama. It may just open up a world of possibilities for you like it did for em.

P.S. I'll pass on more details about the Pensionado Visa in my next post. Plus you will learn lots more about Panama even about the flora and fauna and the amazing Panama bird watching. Maybe we'll even find an elusive Quetzal!

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