.:Panama Is Your Best Value For Offshore Retirement & Relocation
anama is famous internationally as a retirement and or second-home
destination. (For five years in a row, Panama has been selected
as the ‘best country in which to retire’ by International Living.)
OBR will assist you with all aspects involved in relocating to Panama, including: coordinating your move, temporary and or permanent housing, vehicle importation, school selection, cleaning and gardening services, pet relocation, home services and furniture set up, bill payment, hotels and plane reservations, and many others. All of these services are customized to meet your specific needs. It is our responsibility to ensure that your relocation to Panama goes as smoothly as possible.
Panama offers a first-world infrastructure at third-world cost. Panama real estate costs can be one tenth of land prices in the United States and Europe. The cost of living is about 25% of the total for major cities in the U.S. and Europe.
Enjoy your new life without the normal cash-flow worries. Move to Panama and experience a lifestyle that will vastly exceed your present standard of living at 25% to 33% of the cost.
Below is a quick reference list of day-to-day costs (in USD) in Panama. Note that all indicated costs are estimates based on a family of four.
Representative Cost of Living
Residence (house or condo, 3-bedroom, 2,000 square feet): Investment: $200,000, monthly rent: $1,500.
Mortgage: Interest rates are usually about 2% higher than in the U.S., which is a very good rate as compared to other Latin American countries. Rates average %6-%8.
Property Tax (yearly): Land and improvements from O% to 2%.
Electricity: $175.
Water (very safe to drink – the most potable in Latin America): $20.
Phone (includes monthly fee and usage estimate): $100, Cell phone: $50.
Internet Services (residential, ADSL): $40.
Cable TV: $50.
Live-in Maid / Gardener: $150.
Groceries: $500.
Sales Tax: 5%.
Fire Insurance: $50.
Health Insurance: $150.
Car Insurance: (based on a $30,000 car) $100.
Private Schools: $6,000 capital donation, $6,000 - $8,280 tuition.
Dentist: (check up and teeth cleaning) $35.
Doctor's Appointment: $40.
To learn more about your Retirement & Relocation, contact us today.
