The Chiriqui, Panama Advantage – Why Chiriqui is the Best Place to Settle
May 1, 2009 by Mike
Filed under Destinations
Boquete used to be Chiriqui province’s best kept secret. Today, more and more people are discovering the practicality of moving to Panama and settling in the “Land of Eternal Spring.” There are numerous reason’s why Boquete in Chiriqui is now one of the worlds top retirement destinations. Young and seasoned adventurers alike choose Boquete.
Low cost of living – if you live in North America or any comparable country, your savings will go a long way if you choose to settle in Panama. Don’t let that mislead you though. Low cost of living doesn’t equate to low STANDARD of living. Th
is leads us to . .
High standard of living – Panama’s infrastructure is first world class. Roads are well-maintained, transportation is efficient, modern conveniences are available too. It’s like living in a first world country but spending just a small fraction of the cost.
Dollar economy – Panama uses the dollar as it’s currency. They do mint coins called the balboa but they look like US coins and are valued exactly the same. This means easy transition and you won’t have difficulty estimating how much everything costs.
Discounts for retirees – retirees enjoy huge discounts in Panama. Senior citizens get discounts on transportation, entertainment, hotel stay, restaurant meals, prescription medicines, home loans and more.
Tax free income – if your source of income is from outside Panama, then you don’t have to pay a single cent for taxes.
Zero property tax for twenty years – foreigners are given a tax break of 20 years on properties. That’s right, you won’t have to pay property taxes for 20 long years if you choose to own a property in Chiriqui.
Great Coffee – Boquete in Chiriqui is home to one of the most sought after coffee in the world. The right combination of soil type, climate and coffee strain result in the perfect cup of Boquete coffee.
Perfect Balance – Living in Boquete in Chiriqui will allow you to experience a perfect balance between enjoying nature in its raw beauty and also having access to modern conveniences. Chiriqui has access to both highland wonders and beautiful marine locations.
The cost of real estate in Boquete and nearby towns is still relatively affordable. But that may not be true just a few years from now. The price of real estate in Boquete and towns in Chiriqui in general is rising at a sure rate and investing in a piece of property in Chiriqui this early is really a smart move.
For more useful information about moving to Panama contact one of our experts today.
