content material coming from — qcostarica.com
(QCOSTARICA) After the U.S. pulled out of Panama on December 31, 1999 a niche was left within the nation’s economic system. One of many methods the Panamanian authorities tried to compensate for the lack of U.S. income was to attempt to entice overseas retirees by providing them a complete slew of incentives with the aim of additionally turning into one of many world’s prime retirement havens.
Listed here are among the reductions for retirees that Panama gives (retiree visa)
- 25% off flights (home and worldwide)
- 50% off leisure.
- 30% off public transportation.(akin to bus, boat, and prepare fares)
- 25% off eating places.
- 25% off utilities (electrical, phone and water)
- 25% off treatment, and 10%–20% off of general healthcare prices.
The issue with the applications has confirmed to be that until one asks for a reduction on these providers, house owners of companies like eating places, are typically reluctant to supply them.
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The price of dwelling in Panama is decrease than among the different international locations within the area like Costa Rica (see the hyperlink beneath). Nevertheless, individuals appear to fall into the lure of equating the price of dwelling with high quality of life.
This comes as no shock since saving cash is among the fundamental issues for ex-pat retirees.
A majority of the organizations that promote Panama emphasize its low value of dwelling since they know that affordability could be the primary motive for selecting the place to dwell. Nevertheless, there’s one other necessary issue that must be thought of.
Together with stretching one’s retirement {dollars}, healthcare is a fundamental determinant when deciding had been to decide on the place to retire overseas. So choosing a rustic with a top-notch healthcare system is of paramount significance.
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Costa Rica’s healthcare wins by a landslide since Panama has been the Central American nation most affected by the Coronavirus with 14,004 infections and almost 386 deaths (June 7).
Due to the rise in circumstances, the federal government will reinstitute countrywide quarantine. The nation’s individuals are offended. Commerce unions took to the streets of Panama Metropolis to protest the federal government’s choice to reopen the nation’s economic system, claiming it could result in a spike in infections and deaths from the coronavirus, which is strictly what occurred.
The federal government’s choice to elevate the quarantine measures after 74 days was untimely and brought purely out of financial issues and “above individuals’s lives.” Employees had been just about despatched to “the slaughterhouse” as a result of employers and public transport methods had failed to make sure social distancing measures and office safety.
Panama’s healthcare system has not collapsed however might if the variety of circumstances continues to spike.
Alternatively, as of June 6, 2020 Costa Rica has 701 individuals completely recovered from the virus, solely 552 energetic circumstances and simply 10 deaths (the final reported nearly three weeks in the past) — among the many lowest on this planet. It has additionally one of many lowest confirmed infections on this planet, 1,263.
What all of this boils all the way down to is that regardless of being a barely extra reasonably priced and providing a reduction program, Panama’s healthcare system can’t maintain a candle to Costa Rica’s. For my part, this motive alone makes Costa Rica a much better retirement selection.
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As well as, Costa Rica has many extra locations the place retirees can select to dwell and its pure magnificence can’t be surpassed. In distinction, apart from Panama Metropolis, Coronado, Pedasí and the David/Boquete space there are few fascinating areas for dwelling in Panama.
See right here the distinction in the price of dwelling between Costa Rica and Panama: https://www.numbeo.com/cost-of-living/compare_countries_result.jsp?country1=Panama&country2=Costa+Rica
See the video Which country is better Panama or Costa Rica? here.
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Christopher Howard has been conducting month-to-month relocation/retirement excursions and writing retirement guidebooks for greater than 30 years. See www.liveincostarica.com.
He has a #1 relocation/retirement weblog at: http://www.liveincostarica.com/blog, can also be the writer of the forthcoming 19th version of “New Golden Door to Retirement and Residing in Costa Rica — the official information to relocation” and the one-of-a-kind bestselling e-book, “Information to Costa Rican Spanish,” that will also be purchased through Amazon.
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