Local laws offer multiple benefits, both for retired persons as for foreigners. Some of the most significant are:

Exoneration of taxes for a period varying from 20 to 10 years in the purchase of the first real estate property, depending on its worth.

No taxes applied to income generated outside of Panama.

Appreciable discounts (15% to 25%) to retired persons on medicines, medical fees, restaurant meals, cinema tickets, public services, airplane tickets and loggings, among others.

Exemption of duties for the importation of a new automobile every two years.

20% discount on doctor's fees.

15% discount on hospitalization charges.

From 10% to 17% discount on medicines, depending on the drugstore.

15% discount on dental and eyesight exams.

25% discount on public services receipts (electric and water).

25% discount on airplane tickets and 30% on alternative transport.

20% discount on professional and technical services.

50% discount on cinema tickets, cultural and sports events.

50% discounts in hotels, from Monday to thusrsday, and 30% discount on weekends.