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The idea of\u00a0retiring abroad<\/a>\u00a0is an appealing one. With no office tying you down, and the option to spend your days wherever\u2014and however\u2014you please, passing your time in a new country calls to many avid travelers. But once you decide to relocate abroad (and get a sense of\u00a0what it will take to do so<\/a>), you’ve got to decide where to go.<\/p>\n While moving abroad can generally be tricky business, a number of countries are more than accommodating to expat retirees. In fact, some offer real incentives, too. Small towns in countries like France, Spain, and\u00a0Italy<\/a>, for example, sell off fixer-upper homes for\u00a0one euro<\/a>\u00a0to attract foreign investments; other places are more directly trying to tempt retirees and pensioners looking to relocate, with visas that promise tax cuts, and steep-discount programs that make U.S. dollars go a long way.<\/p>\n The below six countries, across Europe, Southeast Asia, and Latin America, offer some of the best incentives for retirees\u2014promising to make the big move well worth your while.<\/p>\n The official currency of\u00a0Panama<\/a>, the balboa, is currently equivalent in value to the U.S. dollar, making deciphering costs easy for Americans keen on retiring here. There are also an estimated 20,000 to 30,000 American expats currently living in Panama\u2014no surprise, since the\u00a0Panama Pensionado<\/a>\u00a0(or Panama Retirement) visa, started in 1987, is one of the best for attracting foreign nationals.<\/p>\n Why? It\u2019s all about the discounts. Think of the Panama Pensionado as the ultimate coupon book. Qualifying applicants for this permanent-residency visa receive import-tax exemptions on household goods up to $10,000 and on a new car every other year, plus substantial discounts on everything from utility bills (25 percent) to dental exams (15 percent) and transportation services (up to 30 percent). The full discounts list, which includes savings on hotel stays, theater performances, and even airline tickets, is available\u00a0here<\/a>.<\/p>\n Requirements:<\/strong>\u00a0Anyone 18 years of age or older can apply for the Panama Pensionado, as long as you have a proven lifetime pension or income of $1,000 per month (it\u2019s an additional $250.00 per month for each dependent). If your monthly pension falls between $750 and $999 you can still qualify by purchasing local property worth at least $100,000. All applications must be submitted in Panama, and through a Panamanian lawyer.<\/p>\n<\/div>\n<\/div>\n\n\n
\n\n\nPanama<\/span><\/h2>\n
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