Panama is considered one of the countries that offer more appeal to retirees worldwide, with a tax incentive plan and pension programs that offer 50% discounts on land and air transportation, cinemas, medicine, restaurants, shopping and more.

Many international publications in magazines of renowned acceptance such as Fortune Magazine, Newsweek, and New York Times, among others, refer to Panama as "A Paradise Dream for Senior Citizens and Pensioners of the world."

The AARP (American Association of Retired Persons) and International Living considers Panama as one of the 4 best places to live in the world.

Other benefits that can be found in Panama and which place a greater value on your investment are that the country has paradisiacal and pristine locations, such as sandy white beaches, forests, flora, fauna, dense jungles, mountains, islands, the Panama Canal, historic sites such as the Metropolitan Cathedral, the National Theater, the Presidential Palace, the Museum of Religious Art, the Museum of Natural Science, Museum of the Canal, eco tourism sites such as La Amistad International Park and the Volcano National Park Baru, etc ....

There are laws which provide benefits to retirees and pensioners in Panama such as Law Number 6 of June 1987, titled, "whereby measures are adopted to benefit retired citizens, pensioners, of the third and fourth age and is created and regulates the stamp called social peace and security.”

Panamanians or foreigners residing in the country that are fifty-five years or more, if they are women; or 60 years or more; if they are male and all retirees and pensioners regardless of gender will enjoy the following benefits:

1. 50% discount in prices for cinemas, theatres, sports and other public spectacles.

2. 25% discount of individual consumption of food in any restaurant.

3. 15% discount in the total bill for services of hospitals and private clinics.

4. 20% discount for general medicine, consultations and medical and surgical specialties, 15% for deontology services; and 15% for optometry services.

5. 25% discount off the monthly electricity bill

6. 25% discount off the fixed price for telephone service

7. A minimum discount of regular prices of hotels, motels and hostels as follows: 50% from Monday to Thursday and 30% on Fridays, Saturdays and Sundays

8. 15% discount in fast-food establishments with national and international franchises.

9. A discount in pharmacies of 10% of the value of medicines acquired under medical prescription.

10. 20% discount off the price of all prostheses as well as all devices and assistance accessories.