Retirees (both expats and Panamanians) enjoy the following benefits under Panamanian Law if they are older than 55 (for women) or 60 (for men):

1. 50% discount on ticket prices for admission to movies, sporting events, concerts and other public shows.

2. Discount on Panamanian transportation: 30% for buses, trains and ships; 25% on flights within Panama.

3. 50% discount on rack rates for hotel rooms in Panama. (includes motels, B & Bs and resorts). 30% on Fridays, Saturdays and Sundays.

4. 25% off restaurant bills (except those which do not require a commercial license)

5. 15% off fast food franchise meals.

6. 15% discount on hospital services and other health services when they are covered by health insurance.

7. 10% discount in pharmacies, even for prescription medicine.

8. 20% discount for physician fees, even specialists.

9. The 15% discount on health services is applied by insurance companies to their rates.

10. 20% discount on prosthetics and health products.

11. 20% off technical and professional services.

12. 50% discount on costs or commissions of personal and commercial loans.

13. 15% discount on loan rates for personal and commercial loans.

14. 1% discount on the interest rates for mortgages taken out for personal use (except when there are special rates constituted by law.)

15. No real estate tax, when you hold real estate in your own name and you have only 1 property in Panama.

16. 50% discount on the cost of your passport.

17. 25% off electric, telephone services and water bills.

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Information courtesy of American-European Real Estate Costa Rica and Rhino Real Estate, Panama. Visit their websites to find prices and photos for 400+ properties in the most popular areas of Costa Rica and Panama.

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