Along with everything else Panama has to offer, reitrees with Pensionado Visas receive a large range of discounts on services and travel in Panama. Here are some of the discounts retirees will enjoy:
50% discount at most recreational, movie, and sporting events
30% discount off public transportation (including buses and ships)
25% discount off Copa airline flights
50% discount off hotel stays on weekdays (30% on weekends)
25% discount at selected restaurants
10% discount off prescription drugs
20% discount on doctor’s visits
15% discount on dental work
25% discount on your electric bill (if less than $50)
25% discount on your telephone and water bills.
Panama retirees enjoy Import tax exemption on household goods and/or cars.
No property taxes for 20 years when you hold pensionado status
No income tax on incomes earned outside Panama.