Panama

  Panama  

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

 

Panama has long been the prime choice for retirees, second-home buyers, and property investors alike. Today you can still find apartments in sought-after areas of Panama City for $80,000 and live well on $1,200 per month.

 

Get Your Free Panama Report Now

 

Learn more about Panama and other countries in our daily postcard e-letter. Simply enter your email address below and we'll send you a FREE REPORT - Panama: First World Convenience at Third World Prices.

This special guide covers insider advice on real estate, retirement and more in Panama. It's yours free when you sign up for our IL postcards below.

Get Your Free Report Here

No spam pledge. We value your privacy.

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

panama-city4

Use Your Freelance Income to Gain Legal Residence in Panama

If you make your money online, there are some great benefits to locating yourself in Panama. One of them is gaining residence on the basis of your economic activity. Panama welcomes expats…and if you register your business as a corporation, you can easily apply for a residence visa. Online workers may not have the same need to officially register their business—the way bricks-and-mortar entrepreneurs do—but becoming a legal resident is a good idea.

malacatos-ecuador

Why I Have No Intention of Retiring

Although my wife, Suzan Haskins, and I write a lot about retiring overseas, we’re not officially retired. We write for a living, and even after we do reach official retirement age, I’d be very surprised if we didn’t continue our work writing, editing, and traveling. We know more and more folks in the same situation. They have no intention of retiring in the traditional sense and will probably work at something well past any official retirement marker or milestone they may pass.

vilcabamba-chapel

Find the Perfect Place to Live…and Put Some Money in Your Pocket

Figuring out how to make some extra money doing something you love is a wonderful thing. And many of my fellow expats are doing exactly that. If you’re looking for inspiration, I’d like to share some of those stories with you. In fact, we know of so many such stories that my husband Dan and I devoted an entire chapter of a new book we’ve written to this exact topic. (More about that in a moment.)

Would you be interested in winning a month-long dream retirement in Panama all expenses paid?

Test-Drive a Dream Retirement Overseas in 2014

The retire-overseas experts at InternationalLiving.com will send one winner (along with a friend or spouse) to Coronado, Panama—for a full month in 2014, free. The prize includes round-trip flights from the U.S. or Canada to Panama City, furnished accommodation in the beach-resort town of Coronado, Panama, plus a living-expense stipend of $1,500.

pan-beach

Life Lessons from 12+ Years’ Experience Living Overseas

As we approach our lucky 13th year of living overseas, my husband, Dan Prescher, and I are fortunate to have shared so many wonderful, memorable experiences in so many far-flung corners of the world—from Southeast Asia to Europe, and nearly every country of Latin America. We’ve lived in Mexico, Panama, Nicaragua, and Ecuador… In fact, we’ve lived in more than one destination in some of those countries. We’ve learned to speak Spanish, we’ve bought and sold property…

santa-fe

Santa Fe: Panama’s Little-Known Highland Town

My adventures in pursuit of stories have taken me to strange and wonderful places. The spice-scented bazaars of Istanbul were memorable, as were the breweries of Dusseldorf on the banks of the German Rhine. I have haggled with gypsies, queried stamp investors, “borrowed” a speed boat to check out real estate, and handled shotguns in London worth $100,000 each.

NewGlobalWealth

A New Global Wealth Tax, Asian Currencies, Diamonds in Panama and Much More…

In the U.S., there’s a simple reason why our medical bills are high: Going to the doctor costs more. Perceptive, I know. But it’s the truth. If we dump the unions, the politics, Medicare, government and any other hot button from our discussion, we’re left with the simple yet disturbing fact that Americans pay more for services than patients elsewhere around the world—even in similar “first world” economies. Lots more.

IL’s Calender of Events: Join us in Paradise

Panama’s a place of sunshine, 365 days a year. You have hundreds of miles of beach…highland retreats with green valleys where the weather is spring-like, even in January and August…and a genuinely cosmopolitan capital city, too, with one of the world’s largest financial districts. And Panama offers the world’s most generous retiree benefits.

LatinAmerican

Latin American Mountain Homes from $138,000

For many, Latin America conjures up images of steamy, wildlife-filled jungles and beautiful people lounging on tropical beaches, sipping umbrella-bedecked drinks. But there’s a whole other side to Latin America…regions where temperate—even cool—climates and jaw-dropping vistas of snow-covered volcanos are the order of the day.

coronado-beach

These Expats Escaped to the Beach in Panama

Cynthia West bounced through the door vibrating with the news she was about to tell her husband Robert. He listened with mounting glee as she explained her medical company’s plan to inject some younger blood into the workforce. They were offering an early retirement package—one that would give Cynthia “an avenue of escape” from her high stress, 10-hour-a-day job in Silicon Valley. She grabbed the opportunity. Though Robert, 62, was working part-time…

panama-city2

Tourists in Panama City Only Get Half the Story

There’s a big difference between how a tourist sees Panama City and how a potential resident views it. If you come for a visit, you’re likely to note the sparkly, spiky skyline. Even back in the 1990s it was impressive—no other city in the region could compete. And these days there are more than plain old skyscrapers here. There are some true architectural specimens, like the Trump building (sail shaped, like that iconic hotel in Dubai).

In Pictures: Coronado, Panama

Coronado is a relaxed community. Only an hour from Panama City, this coastal town—now popular with expats—was once a vacation getaway for Panamanians, who came from miles around to sun themselves on the black-and-white-sanded beach and swim in the Pacific Ocean.

sora-panama

Life is Simple in Panama’s Serene Mountain Town

When I first discovered Sora, I had been looking for someplace quiet to spend a weekend away from Panama City. I wanted a place that was an easy drive from the capital. Somewhere with a cool climate and little noise or light pollution. I wanted to be able to look up and see the stars, maybe wear a light jacket, and have a relaxing weekend.

coronado-panama

Work Anywhere, Earn Plenty…the Perfect Portable Career

Thanks to the location independence my career provides, I’ve enjoyed the privilege of making a living from some truly amazing locations all over the world. Places like the top deck of a ferry crossing the Gulf of Thailand at sunrise…in the sleeping cabin of a night train on the way to Sapa, Vietnam…in a pub on Dublin’s Temple Bar…

gandoca-manzanillo-costa-ri

It’s Time to Swap Your Snow Shovel for a Hammock

Some years ago a man I know visited Florida and asked a retiree why he moved there. “You don’t have to shovel the humidity,” the retiree merrily responded. This month my friend’s mother is in Florida…wrapped up in sweaters. Times are changing. Even down south, the climate isn’t what it used to be. East coast cities are like freezers. And the Mid-West is more tightly in the grip of Jack Frost’s icy fingers than it used to be.

santa-fe-panama

This Couple Chased Their Dream to Panama

People come to live in Panama for lots of reasons. It’s one of the world’s best destinations for retirees, and if you’re keen on running your own business, it’s got much to offer. But if your dream is to establish a winery, then most folks will tell you to look elsewhere. David Feinstein and Kersti Landeck are not most folks.

Your child will gain great experience living overseas and you have plenty of choice when it comes to schooling. © Andrey Kiselev

How to Find the Right School For Your Kids Overseas

Moving overseas can bring some challenging choices, especially if you have school-age kids. But a little research shows there are schools overseas for every budget, academic goal, and personality. You’ll need to weigh the cost against your preferred curriculum, as well as take into account the needs of your child and the academic culture of available schools.

panama-surf

A More Colorful Life by the Beach in Panama

Steve Doane is a guy’s guy. A retired member of the NYPD, this keen surfer has an athletic physique and likes his rock ‘n’ roll. So when he describes his new life in Panama as “like falling into a Walt Disney movie,” there are no raised eyebrows. Rather, there are nodding heads. “What I mean is everything’s so intense…the sights and sounds,” he says.

el-valle-panama

Panama’s Best Little-Known Mountain Town

Proximity to Panama City and to beaches like Coronado makes El Valle one of the world’s rare “have-it-all” locations. Here, you can live right in the middle of a display of nature’s bounty, teeming with life…and yet be close to important conveniences. And the number of expats discovering this tiny town is growing. Over the course of my visit I encountered quite a few of them and counted many nationalities. Ask them why they choose to live here, and you’ll hear a range of answers.

panama-city3

Panama City’s Not for Me…

One of the places my wife, Suzan, and I have lived since moving abroad in 2001 is Panama City, Panama. And I must say, if it was a big, modern city I was after as an expat destination, Panama City would have to be it. The idea of craving the amenities of a big, busting metropolis as a place to retire or have a second home strikes some people as odd.

Panama City

My Outrageous Spanish Mistakes

When I first came to Panama from Oregon, my Spanish was limited to numbers from 1-10 and a very gringa sounding “Cómo estás?” Lucky for me, most of the upper crust Panamanians I met during that first year spoke perfect English. They’d gone to excellent private schools like St. Mary’s or to U.S. Department of Defense schools. I got by just fine.

panama-casco-viejo-boardwal

Building Your Fortune from Your Kitchen Table

For every substantial, bricks-and-mortar business set up by an expat overseas, there are hundreds of small enterprises that people operate from their own homes with very little investment. Within a year of starting their micro-enterprise overseas, Jim and Mariellen Wiemann are making a profit and supplementing their retirement income.

Panama

“The Night the Police Pulled me Over in Panama…”

The highlight of my journey in mastering the Spanish language came on a night out in Panama when I had to negotiate my way out of trouble with the police. My husband, Clyde, and I moved to Panama from South Texas in 2011. Before leaving we had invested in a Spanish-language program and by the time we got there we had enough knowledge to get by.

Indexes like the Annual Global Retirement Index are great places to start your research.

What Good is a Global Retirement Index?

For many years now, we’ve contributed to International Living’s annual Global Retirement Index. It’s a ranking of the 24 countries that International Living editors feel offer the best potential for anyone considering moving abroad for a more affordable or adventurous retirement.

Panama has taken the number one spot in this year's Global Retirement Index.

Panama: The Best Place in the World to Retire in 2014

Panama is the best place for North Americans to retire overseas, according to InternationalLiving.com’s newly released annual Global Retirement Index 2014. In putting together the Index, now in its 23rd year, InternationalLiving.com’s editors collated data from its team of experts on the ground in the most popular countries among U.S. and Canadian expat retirees.

pedasi-panama

In Pictures: Uncovering the Charms of Pedasi, Panama

The first time I visited Pedasi, I thought to myself, “Is this it?” Small colonial homes line the main strip, behind which you’ll find a small plaza flanked by a neat little white church. There are usually a few old-timers sitting under the gazebo, wearing the same sombreros pintados (painted hats) their fathers and grandfathers wore.

DiscoveringComfortable

Discovering Comfortable Corners in Unexpected Places

All over the planet you’ll find little pockets of prosperity…corners where you can live comfortably on a modest budget…destinations rich with opportunity for adventure and profit. Rarely—if ever—are these places you hear about on the nightly news. But that’s not surprising. Our correspondents aren’t looking under bushes for a brouhaha.

3PanamaCity

Three Panama City Districts Where Buying “Old” is Better Value

Panama City is one of the world’s top cities for retirees. There are plenty of reasons. For one thing, Panama’s Pensionado program provides the most attractive range of retiree benefits you’re likely to find anywhere. The temperature rarely drops below 68 F. And the city is jam-packed with modern amenities, thousands of restaurants, glittering shopping malls, cinemas where you can catch English-language movies…

ElValle

El Valle: Beauty and Convenience in Panama’s Crater Valley

In the heart of rural Panama, nestled in the crater of an extinct volcano, El Valle is a place of orchids, rainforest greens, and canary-yellow flowers. Though it’s relatively unknown beyond Panamanian borders, locals argue that no other town can match it. And not just because of the singular beauty of the velvety-green mountaintops.

WhereToGo

Where To Go When Private Banks Won’t Take U.S. Clients

Those of us who are sensitive to tax, financial, and regulatory events, both in the U.S. and offshore, see some disturbing developments toward currency and other financial controls. Taken together, these developments may well signal evacuating before exits are blocked.

PanamaTrade

Panama: Trade Up in Paradise

Panama’s a place of sunshine, 365 days a year. You have hundreds of miles of beach…highland retreats with green valleys where the weather is spring-like, even in January and August…and a genuinely cosmopolitan capital city, too, with one of the world’s largest financial districts. And Panama offers the world’s most generous retiree benefits.

boquete2

Top Climate Year-Round: One of the Best Reasons to Move to Panama

Wherever we live, whatever lifestyle we choose, our lives typically fall into a rhythm. Here in David, Panama, where I live, the weather is a major factor in the rhythm of daily life, and the things we do depend on whether it’s summer or winter. Winter in Panama? Yup, that’s what we call it, el invierno in Spanish.

pan-city2

Retired at 51: How Panama Changed My Life

As I sit here sweating in the middle of January it’s hard to imagine that it’s cold somewhere. Our friends back in the U.S. are still working, yet I’m only 53 years old and happily retired now for two years. The past two and a half years have gone by quickly as we’ve settled into our new life in Panama.

atenas-costa-rica

Enjoying the Best Climate in the World in Costa Rica

Frances Jones leans back in her chair and motions to the rolling view from her terrace. Forest and coffee field-flecked hills stretch for miles to the Gulf of Nicoya and the Pacific. “When we found this place the house was simple—no porches—but the view was just killer. Even if it was a tent, we still would have taken it,” says Frances.

panama-city6

How to Live the Tropical Castaway Life

My friend Ben lives in Panama City and wouldn’t live anywhere else. He thrives on the metropolitan vibe, the non-stop activity and being in a major commercial and business center. If you love city life, Panama’s capital has it all, with skyscrapers, huge shopping malls, live theater and music, and cuisine from all over the world. On a much smaller scale, the city of David, where I live, has the commercial and cultural advantages of a city, but in the countryside of western Panama.

panama-city4

Why Entrepreneurs Love Panama

“You’re starting a business where?” That’s the question you’ll get, over and over, when you tell your friends you’ve decided to pack your bags and move to Panama. They’ll likely know that Panama is famous for its canal. But they may also think of Panama as a Central American “Banana Republic.” Nothing could be further than the truth, of course. Thanks to the Panama Canal, this has long been a destination for international business. So Panama has always focused more on its business infrastructure than on luring vacationers.

portobello-panama

Revealed: The World’s Best Places to Retire in 2014

InternationalLiving.com’s annual Global Retirement Index 2014 profiles the best destinations for good-value living around the world today. The Index considers not only a wealth of statistics, but—critically—more than three decades of expertise and current insights from a network of correspondents around the world.

Panama is best known for its excellent Pensionado or Pensioner Residence Program.

Panama’s Easy Residence Options

In my early years writing for International Living, I researched most of the countries drawing expats today. The different options for residence always caught my eye. One country welcomed retirees with a special visa. But the fine print? “Foreigners can own construction, but not the land it is built on.” Another country offered 10-year visas, but not permanent residence. (And you had to show a monthly income of over $3,000.)

panama-healthcare

Enjoy the Island Perks of Life as a Travel Writer

Like many, I have said that someday I would like to write a book. The idea remained just that for years. There was never enough time to squeeze anything else into an already hectic schedule, making it easy to keep on postponing. As
soon as I made way for a new freer lifestyle, I decided to see if I could be a writer.

Your Chance to Retire Overseas Now

Sign up for our free daily Postcard e-letter and we'll immediately send you a FREE RESEARCH REPORT on the most desirable —and cheapest— retirement havens available to you today.

Each day you'll learn about the best places to retire, travel, buy real estate and enjoy life overseas.

Enter your E-mail Address Below



We Value Your Privacy.