Panama: First-World Convenience at Third-World Prices-Embassies-Retiree Benefits in Panama.


Retiree Benefits in Panama

As a qualified pensionado/retiree in Panama, you will be entitled to residency plus a host of discounts, including:

  • 50% off entertainment—such as movies, theaters, concerts, and sporting events anywhere in the country
  • 30% off bus, boat, and train fares
  • 25% off airline tickets
  • 50% off hotel stays from Monday through Thursday
  • 25% off at restaurants
  • 15% off hospital bills (if no insurance applies)
  • 10% off prescription medicines
  • 50% off closing costs for home loans and more…

You’ll also get a one-time exemption from duties on the importation of household goods (up to $10,000) and an exemption every two years from duties for the importation or, better yet, local purchase of a car.



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