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The new residency law in Costa Rica that passed on August 5, 2009, raises the minimum financial monthly requirement for pensionados from $600 to $1000. This was one of the deciding factors that turned me towards Panama's pensionado program. I also like that the US dollar
is the currency used there and its proximity to South America.
Looking forward to retiring in Panama in January 2010. I found all the entries of this forum very helpful in solidifying my decision-making process.
Hey that's a cool decision to get settled at Panama after retirement. This is a great place to live in, you are heartily welcome. Have a great time staying at Panama, all the best. thanks
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