Hacienda Los Molinos in Boquete, a prime retirement destination

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Panama: A prime retirement destination

The Republic of Panama has a cosmopolitan capital city. It has incredible rainforests, and some of the best diving, bird watching and marine fishing in the world. It could be true that internationally Panama is only known for its canal, for the American invasion of 1989 and because its name is also the name of a particular kind of hat, but none of this does it justice.

In reality it is a proud and prosperous nation that honors its seven indigenous tribes and its rich Spanish legacy, and that welcomes visitors into its territory with so much enthusiasm that it is difficult for them to leave without feeling as if they have been let in on a secret that the rest of the world will some day discover.

Panama is well known for having one of the best retiree incentive programs in the world. Hacienda Los Molinos invites you to find out why:

Tax Exemption Program:

	Exemption from property tax if it is the retired person’s sole property
	No tax on home furnishings if it is the retired person’s only property
	Discount of percentage points on interest rates for mortgages on housing for retirees
	Tax exemption to import a car for private use every 2 years
	Tax exemption to import household goods up to $10,000.00
	Personal and commercial loans will be exempt from taxes as provided by the special interest compensation fund
	Discounts on maximum interest rates on personal and commercial loans
	Discounts on prescription medication in pharmacies
	Discounts on private hospital or clinical bills if the retired patient is not insured
	Discounts on medical services
	Discounts on closing commission expenses on personal and commercial loans
	Discounts on utilities (electric, water, residential phone, cable TV)
	Discounts in restaurants
	Discounts on airfares
	Discounts on professional services: nurses, physical therapist, lawyers, architects, etc
	Discounts in hotels
	Discounts on public transportation
	Discounts on movie theatres, recreational, cultural and sports events
	Insurance companies that include health policies for retired people, will pass these discounts on to their policy holders
	Under Panamanian law, nationals and foreigners are given equal treatment.

Quality of Life:

The average monthly cost of living -domestic and professional services, food, medical care and many other products and services- is considerably lower than in many countries including the United States.

Panama is a small and safe country with a vibrant financial sector and all the commodities of a mayor city. In Hacienda Los Molinos you can enjoy a peaceful, natural setting and an excellent climate while being only a few hours away from the capital in Panama City. The perfect combination of nature and comfort makes us a prime retirement destination!!!

In Panama there is a wide variety of places to visit and enjoy. From the Indian traditions to the Spanish history, from the mountains to the sea, from the Pacific Ocean to the Caribbean, you will enjoy this beautiful country in its entire splendour.

Panama is a Constitutional Republic with democratic elections held every 5 years. Its economy is based primarily on a well- developed service sector that includes the Panama Canal, a very strong banking system with more than 75 international and local banks, the Colon Free Trade Zone, insurance companies, container ports, ship registry and tourism. Panama uses the US Dollar as its currency.

Communications:

Panama has the best communication connectivity in the region - comparable to New York and London.

Health:

Panama offers modern and reliable health care facilities to all nationals and foreigners who may require them. Private medical services are considerably lower than in USA, making attentive personalized health care easily affordable. This is yet another reason why Panama can be considered one of the best retirement places in the world.

Pensioner Tourist Visa:

If you have decided that you want to retire in Hacienda Los Molinos, this Visa will authorize you to live in the Republic of Panama with all the benefits that pensioners are entitled to.

Morgan y Morgan, the most renown firm in Panama , has been chosen to assist our clients with all their needs pertaining to migratory status, organization of companies and any other legal service required during their permanent or temporary transfer to our country. For further detail, please contact Lic. Eidy de Puy or Gianela Rivas boquete@morimor.com

Tel: (507) 774-1218 or (507) 775- 8063 or visit our website at www.morimor.com

We invite you to move to Hacienda Los Molinos and discover
“What is at the end of the rainbow”

FULL NAME: Republic of Panama
AREA: 78,000 sq. km. (30,420 sq. miles)
POPULATION: 2.8 million (growth rate 1.3%)
CAPITAL CITY: Panama City (pop. 700,000)
ETHNICAL GROUPS: 65% Mestizo (mixed), 14% African descent, 10% white, 10% Indigenous
LANGUAGE: Spanish, English and indigenous dialects
RELIGION: 85% Catholic, 10% Protestant, 5% Muslim
GOVERNMENT: Constitutional Republic
GNP: US$8.8 billion
GNP per capita: US$3200
Annual Growth: 4.1%
Inflation: 1.1%

Main industries: Banking, construction, petroleum refining, brewing, cement and other construction materials, sugar milling, shipping and agriculture

Main business partners: USA, EU, Central America and the Caribbean, Japan

Hacienda Los Molinos,
El Francés, Boquete, Chiriquí. Tel: (507) 263-4832 Telfax (507) 263-1281
Panamá, República de Panamá