Panama

  Panama  

Right Now Could be the Best Time to Come to Panama...the Hub of the Americas

 

Why do so many expats choose Panama? Often the intangibles…the feel of a place…play a big role. But there are also a lot of concrete, quantifiable reasons Panama is so appealing, starting with its modern infrastructure.

Panama’s cosmopolitan capital, Panama City, is the only true First World city in Central America. The beautifully maintained Pan-American Highway runs the breadth of the country, making travel easy. High-speed Internet and cell coverage are remarkable…as are the power, air, and water quality.

For expats from the U.S., Panama is also convenient because the currency is the U.S. dollar. No matter where you’re from, you’re likely to appreciate the fact that there are many English speakers in Panama, especially among the well-trained medical community. The hub that is Tocumen International Airport makes it easy to fly from Panama to nearly anywhere in the world…often with no layovers.

 

Choose From a Varied Landscape

 

Many of the expats here also cite Panama’s geographical diversity and location, with proximity to North America being a major factor. In a country roughly the size of South Carolina, you’ll find mountains and beaches within an easy striking distance—no matter where in the country you are. Wake up on the Caribbean and have lunch overlooking the Pacific…they’re a couple of hours apart at the isthmus’ “skinniest” sections. Choose your preferred climate, topography, population density and more in Panama’s varied landscape.

And then there are factors the lists and indexes can’t quantify. For instance, the people of Panama are beautiful, inside and out. Get to know them just a little and you’ll see they have big hearts and an even bigger zest for life. They’re welcoming to foreigners, who in turn feel safe here. Increasing numbers of North Americans, Europeans, and others are moving here and contributing to the burgeoning economy.

 

Panama: A Convenient, International Hub

 

Some expats come in search of adventure or a quality retirement destination, while others seek to take advantage of all Panama has to offer as a business destination. There are well-established expat populations (and many clubs and organizations) in Panama from all over the world.

And though Panama has always been a busy little hub (thanks in large part to the Panama Canal), it’s experiencing something of a heyday. In 2007, Panama’s economy was hailed as the fastest-growing in the hemisphere. Despite the 2009 global financial crisis, Panama’s economy has continued to grow faster than nearly any country in the region. Mega-port projects and major investment in infrastructure will continue to fuel the economy into the next decade.

There’s a palpable excitement as the country is coming into its own. You can see it in the exciting food and culture scenes and the flashy, innovative architecture and the new industries that are adding to local offerings. New laws to encourage filmmaking paved the way for Panama to get its very own International Film Festival. The annual jazz festival is a renowned event. Major international summits are held at Panama’s large, modern convention centers.

You’ll find golf, tennis, sailing, fishing, surfing, birding and every other activity imaginable—with the exception, of course, of snow-skiing. With so much going on, expats here will tell you that it is extremely easy to make friends, regardless of age, gender, or marital status.

 

Moving to Panama is Easy

 

For those looking to move to Panama or live here part-time, two new residence options make moving here even easier than it was before. (Quite a feat, as the Pensionado residence program has already helped thousands move here with relative ease.) These days, there's a visa for everyone.

The international community here has always been strong, but thanks to the new residence programs, it’s growing faster than ever. And new arrivals are introducing locals to new foods, activities, methods and more. It’s been great for Panama.

These days, you can get trendy food items like kale and chia seeds…indulge in clothes from Banana Republic and Gap…and buy specialty items, from kitchen and barbecue gadgets to sports and hobbyist gear. What other country in the region can boast such convenience?

Then there’s the cost of living. Panama is not the cheapest country in the region, but it is often cited as the best overall value for your money.

If you daydream about sunshine, tropical beaches, and welcoming locals, then Panama may be for you. A couple can live well here for $2,500 a month or less, including rent.

 

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Fast Facts About Panama

Panama
  • Population: 3,559,408
  • Capital City: Panama City
  • Climate: Tropical maritime; hot, humid, cloudy; prolonged rainy season (May to January), short dry season (January to May)
  • Time Zone: GMT-5
  • Language: Spanish (official), English 14%; (many Panamanians are bilingual)
  • Country Code: 507
  • Coastline: 2,490 km

Archives

Manzanillo-Costa-Rica

The World’s Most Romantic Retirement Havens

It’s that time of year again—the birds are singing, love is in the air, and hopeless husbands are trawling gas stations for that last bunch of flowers. It must be Valentine’s Day—that special day when you spoil the one you love, devote your attention to one another, and escape momentarily from the humdrum of everyday routine. It can be a wonderful time, no matter where you are, but it’s undeniable that some locations have a certain je ne sais quoi that adds that something special to the occasion.

Isla-Mujeres

Dreaming of Tropical Islands in the Sun…

My wife, Suzan Haskins, and I do a lot of traveling. So we often find ourselves on the way to places. We find ourselves in airports. In taxis and shuttles. In planes and buses. In snow-bound cities and towns for holidays and family functions.

Best Retiree Healthcare

Best Retiree Healthcare on the Planet in 2016

As healthcare costs and complexity in the U.S. continue to spiral upward, more and more retirees are asking, “Can I get high-quality healthcare for less if I move overseas?” The simple answer is yes. The Healthcare category of the 2016 International Living Global Retirement Index ranks the healthcare systems of the 23 most popular retirement locations abroad.

Panama

Top Four Countries in the World for Retiree Benefits

Panama, Ecuador, Mexico, and Belize earn top rankings as the countries with the best retiree benefits and discounts in the newly published 2016 Global Retirement Index from InternationalLiving.com.
The 2016 Global Retirement Index lists the top countries where retirees can live better for less around the world. But as well as offering a lower cost of living, some countries stand out in the category of significant retiree benefits and discounts, including savings on transportation, entertainment, social services, visa costs, and healthcare.

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Enjoying a Low Cost of Living and Warm Climate in Santa Fe

Bill and Mitzi Martain are living the retirement of their dreams. “We have a lovely new home, a beautiful farm, wonderful friends and neighbors, and each other,” Mitzi says. “There’s no way we could have this lifestyle and quality of life in the U.S.” Bill and Mitzi have what they consider an ideal life. They own 10 acres of fertile land in a rural valley, surrounded by hills and mountains. They enjoy sunny, warm weather year-round, with no snow, no ice, no hurricanes or tornadoes.

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How to Choose the Offshore Vault That’s Right for You

Where should you stash your rare coins, precious metals, or other long-term investments you want to keep safe and secure? You could hold them in the U.S., in a bank safe deposit box (if it’s big enough) or a private vault. But if you really want to keep them safe, you’ll want to consider storing them internationally, to diversify where you keep your wealth. There are some other great reasons for doing this.

cotacachi

The Key to a Safe Retirement Overseas

As exciting and adventurous as the idea of moving abroad can be, it sometimes packs a little zing of anxiety with it. It’s the anxiety you feel when you wonder how safe you’ll be in a foreign country. It’s a perfectly natural feeling. Safety— for ourselves and our loved ones—is one of our most basic needs. None of the other benefits of living abroad mean much to us if we don’t think we’ll be safe in our new home.

best healthcare overseas

4 Countries With the Best Healthcare in the World

As healthcare costs in the U.S. continue to spiral upward, one of the main questions any aspiring expat asks is, “Can I get great healthcare when I move overseas?” The simple answer is yes…and without breaking the bank, either.

Panama

Panama: The Best Country in the World to Retire

Panama takes the top spot in InternationalLiving.com’s 2016 Annual Global Retirement Index. Months of research goes into compiling this Index and InternationalLiving.com’s editors are helped by their large team of expat contributors based around the world, who help collect the data and offer input used to identify, rank, rate, compare, and contrast the very best retirement destinations in the world.

Panama

The Top 4 Countries in the World for Retiree Benefits in 2016

Imagine a place where sunshine is ubiquitous, a high-quality lifestyle won’t cost the earth, and as a retiree, you’re treated like a VIP…you’ll get a red-carpet welcome and be rewarded for your age and experience. Places like this exist…and they have claimed the top spots in the “Benefits and Discounts” category in International Living’s 2016 Global Retirement Index. In many countries all over the world you can live better for less.

Boquete-Panama

Rent in This Panama Retirement Retreat For $650 a Month

I was tired of working 40, sometimes 50 hours a week as a designer for an international furniture manufacturer. Working on commission only, I often worked on my days off to facilitate clients, and meeting my required goals had become increasingly difficult. Continually declining markets, escalating real estate taxes, and the rising cost of electricity and heating oil were other factors that made me decide it was time for a change.

Panama

Panama: The World’s Best Retirement Haven in 2016

It’s that time of year again…International Living’s Annual Global Retirement Index is hitting the presses. And in the top spot: Panama. I should say: Panama again. Because this tiny powerhouse has topped this index more times than any other country. (International Living’s first Annual Global Retirement Index was published in 1992.)

El Valle

El Valle: Panama’s Lush, Green, Mountain Town

In a place where even the picket fences sprout leaves, you just know the soil has to be good. Known as Panama’s fertile valley, the tiny town of El Valle is a world of green. Lushly carpeted mountains surround the flat crater town. The green is punctuated here and there with bright bursts of crepe-like bougainvillea. The tropical reds and oranges almost seem odd in a place this cool and breezy. Thanks to an elevation of about 2,000 feet, El Valle is typically a comfortable 70 F to 80 F, with noontime temperatures rarely above 85 F.

How Teaching English Opens Doors Overseas

How Teaching English Opens Doors Overseas

I am very fortunate to have the opportunity to travel severals time a year to places like Ecuador, Panama, Costa Rica, and Mexico. You might wonder how I became so lucky? Well, seven years ago, I came to Mexico to teach English as a second language. This allowed me to fulfill my dream of living abroad and immerse myself in another culture.

best places to retire

The World’s Best Places to Retire in 2016

Retiring abroad is easier and more affordable than ever before. These days it really is possible to spend your days relaxing beneath palm fronds on a Caribbean beach, enjoying farm-fresh produce in a mountain haven with year-round spring weather, or wandering the storied streets of a historic and cultured European city…or all of the above. But with so many choices available, finding the right one can seem daunting.

Manzanillo,-Costa-Rica

Pina Coladas, Tropical Sunshine, and Earning Adventures

Jim Sayers considers himself a very lucky man. “I have lived in three Central American countries—Panama, Nicaragua, and Costa Rica—and am in love with each one,” he says. “In each the people are so friendly. Add to that a wonderful year-round climate and most of the stressful issues associated with living in Canada or the U.S. are virtually non-existent.

Panama

Country Living in a Low-Cost, Scenic Mountain Retreat in Panama

“From our porch we can see down to the river, where we have our own little private beach and swimming hole,” says Albuquerque native Bob Caragol of his and his wife Irma’s new home. “We just fell in love with the area. There’s no crime and no pollution, and my asthma symptoms improved immediately.”

david

Retire in Comfort with Panama’s Pensionado Visa

“We have everything we want here,” Chris Gallimore says of his and his wife Katherine’s new life in Panama. “A nice home in the country, perfect climate, plenty of friends, and a social life. Before we moved to Panama, work just got in the way of our hobbies. Now we do what we want.”

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Enrich Your Life Abroad Through Volunteering

How do you see yourself spending your ideal retirement? Does it involve strolling the cobbled streets of an historic city in Europe? Or maybe you’d rather lounge, cocktail in hand, on a lounge chair by a tropical beach. If you’re like me, you’d prefer the abundant clean air and farm-fresh produce in an Ecuadorian mountain town, relaxing in the local expat hangout when you’re not exploring awe-inspiring valleys and colorful local markets.

Page-20---Playa-Carrillo-Co

The World’s Top Retirement Havens for 2016

Retiring abroad is easier and more affordable than ever before. These days it really is possible to spend your days relaxing beneath palm fronds on a Caribbean beach, enjoying farm-fresh produce in a mountain haven with year-round spring weather, or wandering the storied streets of a historic and cultured European city…or all of the above. But with so many choices available, finding the right one can seem daunting.

Panama City

Panama Earns the No.1 Spot in This Year’s Index

“We’re healthier and living a better lifestyle here than we ever did in the U.S.,” says expat Mitzi Martain, who has lived on her farm near Santa Fe, Panama for nearly nine years now. “And our Social Security income covers all our monthly expenses.” Mitzi and her husband Bill are two of the approximately 50,000 U.S. expats who have found their piece of paradise in this year’s winner—Panama.

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Tapping into Boquete’s Thriving Food Scene

At a crossroads in his career, Chris Young left Missouri with his family for the mountain town of Boquete, in Panama’s Chiriquí province, five years ago. Here, in a town with a low cost of living, low costs of doing business, and a thriving culinary culture, he found the perfect place to realize his dreams of becoming a chef. Today, after immersing himself in the area’s exciting food scene, he indulges his passion by preparing delicious meals for expats and locals alike.

Jan-Global-Prop-Notes

Good-Value Buys in Our Top Retirement Countries

What makes for a great place to live? An ideal climate…modern services and conveniences like high-speed internet…high-quality but low-cost healthcare…a no-hassle visa or residence program…a lower cost of living. And good-value real estate. In many places around the world you can have all this, plus little luxuries like having someone else clean your house, your yard, and do your laundry.

Santa Fe

The 5 Benefits of Living in the Mountain Towns of Panama

Many expats and retirees are attracted to the mountainous areas of Panama, known as the highlands. From west to east, these are the towns of Volcán, Boquete, Santa Fe, Sorá, El Valle, and Cerro Azul. While each has its own distinctive features, they all share common traits that benefit those who live there. Here’s a look at the top five advantages of life in Panama’s highlands:

Boquete

Boquete—Celebrating 10 Years of Culture

One of the things folks love about Boquete is there’s always something to do. It may be an art display, live musical performance, photography exhibit, or live stage production. Since expats and retirees began moving to this rural town they have transformed it into the cultural Mecca of western Panama.

Panama-city

Three Must-See Cultural Sites in Panama City

With a vibrant cultural scene, Panama’s capital is a wellspring that’s well worth exploring. In Panama City, you have so much to choose from that whether you’re into art, architecture, gourmet cuisine—or anything else—you’ll find plenty to keep you occupied. Best of all, this surprising city is filled with contrasts. Small colonial gems and skyscrapers with cutting-edge designs…hidden galleries and state-of-the-art museums…centuries-old ruins and more modern wonders, too.

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Panama: How a Condo by the Beach Could Make You $123,000

It feels likes standing in a virgin wilderness. In front of you are some of Panama’s finest white-sand beaches. Tropical birds call from the trees behind you. The land is undeveloped and quiet. You won’t meet many people here. Occasionally, you’ll see a kite surfer or someone walking an almost-deserted beach.

Sora, Ecuador

Five Magical Mountain Towns in Panama

You can’t help but feel happy in Panama’s highlands. The views are inspiring, with verdant pines and bougainvillea bursts covering the hillsides. Hidden gems include streams, waterfalls and even hot springs. Not to mention some of Panama’s best flora and fauna…including hundreds of species of colorful birds, orchids, and more. To be sure, Panama is known for its stunning Caribbean islands and popular Pacific beaches.

Panama

Where to Buy in the Hong Kong of the Americas

I first came to scout Panama City 11 years ago. Back then, the city was on the cusp of a massive growth spurt. It was primed for big things—set to transform into one of the commercial hubs of the Americas. That growth played out just as I expected. Since then, I’ve watched the city change almost beyond recognition.

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Swim with Golden Jellyfish, Hidden Guatemala, and much more…

During the second Chinese Opium War, in the 1850s, a penniless teen named Cheong Fatt Tze fled from China to Southeast Asia. There he would make his fortune as a merchant. He became so wealthy that he earned the moniker of “Rockefeller of the East.” Tze owned many fine houses throughout Southeast Asia, but none was as extravagant as the Blue Mansion, on the tropical island of Penang off the coast of Malaysia. It’s a colossal beacon of 19th-century Chinese extravagance

Malaysia-Cameron-Highlands

Live Where It’s Spring-Like Year Round

As the savage North American winter begins to bite and the snow and ice pile up, many of us find ourselves yearning for warmer climates elsewhere. Imagine a place that’s never too hot or too cold—just perfect. Outside, the birds are chirping, while gardens and wildflowers bloom in multicolored glory. You can walk around in a light tee-shirt at any time of year. Throw out your coat and boots. Forget about heating and air-conditioning bills and suffering through sweltering heat and humidity.

Panama

Is This The Best Place for Americans to Bank?

Not that long ago, you could buy a CD in a U.S. bank and get a decent rate of return…4% or 5% annually was typical. Sure, you wouldn’t get rich this way. But it was a safe and affordable way to build a nest egg. Today of course, times are very different. For nearly a decade, the Federal Reserve has kept interest rates at zero. And instead of paying 4% to 5% annually on CDs, now you’re lucky to get 1%.

las-tablas

Swapping an Iowa Farm for Life on Panama’s Pacific Coast

Each morning, from the wraparound porch of her tropical beachside home Bonnie Birker watches the waves caress the soft sand as she enjoys her cup of freshly brewed coffee. But this isn’t the retirement she had planned for herself… Bonnie originally decided to retire to her father’s farmhouse in Iowa. After all, it’s where she grew up, and after traveling the world she was ready to settle down near family. But the reality didn’t live up to expectations.

bocas

The Best Places for Island Living in Panama

The island destination in Panama I’m asked about the most is Bocas del Toro—and with good reason. A trickle of adventurous visitors and a tight-knit expat community have transformed insular Bocas del Toro from a sleepy archipelago to a bustling outpost. But if you’re considering island life, you’ll be interested to know that Bocas is not the only exciting option available.

david

How Thriving Panama Offers Easy Living For Expats

I retired to Panama in 2007 and I’ve seen big improvements in that short time. Getting around the country has become much easier in the time we’ve lived here. For example, the Panamanian government is expanding the Pan American Highway from Santiago to David.

boquete

Live Well on $1,500 a Month in Panama’s Most Popular Expat Town

Boquete is the premier expat and retiree destination in the highlands of Panama. The name applies to both the small hamlet resting in an ancient volcanic formation and to the larger surrounding district, home to about 25,000 residents. It’s located in Chiriquí Province in western Panama, not far from the border with Costa Rica, on the eastern-facing side of Volcan Baru, Panama’s highest peak (11,400 feet) and only volcano.

coronado

The Day-to-Day Joys of Early Retirement in Panama

Since my husband Clyde and I retired to Panama four years ago, a typical day is anything but that. We awaken each day to the sound of birds singing, roosters crowing, and geckos’ chirping as our peaceful little neighborhood comes to life…wondering what the new day will bring

volcan, panama

A Place of Quiet Beauty and Low Costs in Panama’s Highlands

When I think of country living in Panama, I think of Volcán in Chiriquí Province. It’s one of my favorite places in Panama and offers the ideal blend of rural lifestyle in a small-town setting. Barú Volcano, which gives the town its name, looms to the east and Cerro Punta, where most of Panama’s produce is grown, rises to the north. The town rests at about 4,600 feet in a sloping valley facing toward the Costa Rica border. The open sky is clear blue this time of year. Blooming bougainvillea bushes of bright magenta and deep purple add a splash of color amid the pine trees.

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