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Law Number 9 - The holy grail of overseas 'retirement?'

3rd August 2007 Print
Thanks to Law No. 9, you can enjoy a first-class lifestyle in a beautiful tropical haven while saving thousands of dollars per year on just about everything, including restaurants, hotels, entertainment, travel, and more.

Even if you're not 'retired!'

Reap the benefits of Law No. 9 and start a new life in a locale that Harper's Bazaar calls 'The most beautiful retreat in the world.'

Law No. 9 is the most appealing program of special benefits for foreign residents and retirees you'll find anywhere in the world today. Although it's been in effect since 1987, it hasn't been until recently that Law No. 9, more commonly known as Panama's pensionado program, has received the attention it deserves.

Now, you may be thinking, 'Pensioner? Retiree? That leaves me out.'

Not in Panama, even if you're as young as 18 years old, you may apply and qualify as a pensionado in Panama, provided you can show evidence of a guaranteed pension income of $500 per month ($600 per month for a couple).

As long as it's a pension from a government agency (e.g. social security, disability, armed forces) or from a company, you're good to go.

As a qualified pensionado in Panama, you will be entitled to:

50% off entertainment--such as movies, theaters, concerts, and sporting events anywhere in the country

50% off closing costs for home loans and more...
50% off hotel stays from Monday through Thursday
30% off hotel stays from Friday through Sunday
30% off bus, boat, and train fares
25% off airline tickets
25% off at restaurants
20% off medical consultations
20% off professional and technical services
15% off at fast-food restaurants
15% off hospital bills (if no insurance applies)
15% off dental and eye exams
10% off prescription medicines

In addition, you are entitled to 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 local purchase of a car.

And since you only need to be 18 to qualify as a may be able to 'retire' a lot earlier than you ever dreamed possible.

For further information, visit