Panama
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Panama Special Reports
FAQs About Life, Panama | Panama Special Report
If you’re considering a move to Panama—especially if you’re still determining whether or not the country is an ideal fit for you—you likely have an immense list of questions.
To be able to make an informed decision, you’ll want to know about cost of living, climate, infrastructure, safety, quality of life, public transportation, visas and residency, health care, and many other factors.
This kind of in-depth insight isn’t always easy to find with a Google search. That’s why we compiled a list of frequently asked questions from our readers about life in the Hub of the Americas.
This report features information gained from boots-on-the-ground experience in Panama and answers some of the most pressing questions would-be retirees to Panama have, including how to import pets, the particulars of gun ownership, owning real estate as a foreigner, incentives for foreign investment in Panama, the best places to live for a drier climate, whether learning Spanish is necessary, shopping opportunities, how the country is coping with the global financial crisis, and many others.
By the time you’ve finished reading, you’ll understand why Panama is the preferred offshore haven of tens of thousands of expats and retirees…
SKU: PSR-FAQ-PANAMA -
Panama Special Reports
Panama’s Best Hiking Destinations | Panama Special Report
There’s no better place than Panama for those who love to connect with nature through hiking.
This tiny country boasts mountains, a volcano, craters, valleys, jungles, rainforest, waterfalls, rivers, lakes, and more—and many have easily-accessible hiking trails.
Panama is the second most biodiverse nation in Central America, home to 940 bird species, 10,000 plant varieties, and over 200 kinds of mammals, as well as 125 species that don’t exist anywhere else in the world.
The Panamanian government wants to boost the tourism industry, and is developing projects designed to make the Isthmus more attractive for tourists. There are more opportunities than ever to explore Panama’s great outdoors.
There are trails for every experience and comfort level throughout the country… from paved paths in Panama City’s metropolitan park to the demanding, six- to eight-hour climb up Volcán Barú.
This guide gives you insight into Panama’s top hiking spots, filling you in on everything you need to know to enjoy a day on the trail, including how to arrive, what to expect from the hike, and any advice you need to know to make your adventure a success.
From Panama City to Boquete, El Valle de Antón to La Yeguada, Cerro Picacho, and others, learn about Panama’s best places to lose yourself in nature…
SKU: PSR-PANAMA-HIKING -
Panama Special Reports
Panama’s Best Hiking Destinations | Panama Special Report Copy
There’s no better place than Panama for those who love to connect with nature through hiking.
This tiny country boasts mountains, a volcano, craters, valleys, jungles, rainforest, waterfalls, rivers, lakes, and more—and many have easily-accessible hiking trails.
Panama is the second most biodiverse nation in Central America, home to 940 bird species, 10,000 plant varieties, and over 200 kinds of mammals, as well as 125 species that don’t exist anywhere else in the world.
The Panamanian government wants to boost the tourism industry, and is developing projects designed to make the Isthmus more attractive for tourists. There are more opportunities than ever to explore Panama’s great outdoors.
There are trails for every experience and comfort level throughout the country… from paved paths in Panama City’s metropolitan park to the demanding, six- to eight-hour climb up Volcán Barú.
This guide gives you insight into Panama’s top hiking spots, filling you in on everything you need to know to enjoy a day on the trail, including how to arrive, what to expect from the hike, and any advice you need to know to make your adventure a success.
From Panama City to Boquete, El Valle de Antón to La Yeguada, Cerro Picacho, and others, learn about Panama’s best places to lose yourself in nature…
SKU: PSR-PANAMA-HIKING -
Get Started, Panama Special Reports, Retirement & Lifestyle
10 Best Places To Retire In Panama
What we love about Panama is the sheer diversity of lifestyle options the country has to offer… from First-World city living to absolutely off-grid ruggedness, from rustic country living to upscale beach communities… this country has something to suit just about everyone…
Let’s take a tour, starting in the city and moving our way westward to Panama’s wild interior…
SKU: PSR-BEST-PLACES-PANAMA -
Get Started, Panama, Retirement & Lifestyle
2022-2023 Panama Letter Index
Interested in retiring to Panama? Want to know more about what Panama has to offer?
We scoured the country to identify Panama’s Top 10 Retirement Destinations For this new edition of the Panama Letter Index.
This Index is a comprehensive guide to the 10 places in Panama you should be looking at for retirement. We handpicked these places and then organized, graded, and ranked them using the criteria we think are most important to retirees, like Cost Of Living, Health Care, Ease Of Access, and more.
Panama offers a vast diversity of lifestyle options, from first-world city living to off-grid ruggedness, rustic country lifestyles to upscale beach communities. The Panama Letter Index is your roadmap to discovering that diversity and filtering the options according to what suits you best.
Settle in now to discover our top 10 picks for retirement in Panama.
SKU: RPT-PANAMA-INDEX-2022 -
Home Conference Kits, Panama
2022 Panama Home Conference Kit
Our Panama Home Conference Kit is the most in-depth resource that you’ll find anywhere about living, retiring, investing, or doing business in Panama. This massive kit contains every presentation made during our recent Live and Invest in Panama Conference, including panels with some of the top experts and expats who have years of experience in the country.
SKU: HCK-PANAMA-2022 -
Offshore & Taxes, Panama, Panama Special Reports, Real Estate & Investing
Banking In Panama – Where And How To Open Your Account
Offshore & Taxes, Panama, Panama Special Reports, Real Estate & InvestingBanking In Panama – Where And How To Open Your Account
Panama is Central America’s preeminent banking destination. Its thriving banking sector has fueled the growth of the country’s economy and attracted dozens of international banks from around the globe. Of the 75 banks currently operating in the country, 2 are state-owned, 47 have general licenses, and 26 have international licenses.
Why Panama, you ask?
For starters, the country boasts strong regulatory oversight that maintains the stability of the banking system, and banks tend to stay afloat during periods of economic turmoil. Favorable tax incentives and high certificate of deposit (CD) rates draw in a constant flow of cash from foreign individuals and entities. On top of that, there are several laws in place that help ensure the privacy of clients. Together these factors contribute to Panama’s appeal as an offshore banking haven.
SKU: PSR-BANKING-PANAMA -
Get Started, Offshore & Taxes, Panama Special Reports, Retirement & Lifestyle
The Definitive Guide To Taxes In Panama
Get Started, Offshore & Taxes, Panama Special Reports, Retirement & LifestyleThe Definitive Guide To Taxes In Panama
In this Panama Special Report, we cover the topic of doing taxes in Panama, including an exclusive on doing business in Panama and an entrepreneurs tax obligations.
Panama offers a variety of tax advantages to investors, entrepreneurs, and retirees–the problem is that most people don’t know what they are or how to apply them properly. In this special report, we drill down on all of your options, including they will affect your U.S. tax liability. If you are living, working, or doing business in Panama, this is a must read report.
SKU: PSR-PANAMA-TAX-GUIDE -
Offshore & Taxes, Panama Special Reports, Real Estate & Investing
Starting A Restaurant Business In Panama
Offshore & Taxes, Panama Special Reports, Real Estate & InvestingStarting A Restaurant Business In Panama
From its inception, the Isthmus of Panama has attracted merchants the world over, all eager to turn a profit in this land of opportunity. Like immigrants everywhere, they brought their cultures and customs along with them, and nowhere has this been more apparent than in Panama’s dynamic and ever-evolving food-biz landscape.
It’s been over a century since the Panama Canal opened its locks to world commerce. In that time, waves of arrivals have contributed to the melting pot of cuisines we see in the country today, from Chinese chow mein to Jamaican jerk and some of the best pizza you’ll find outside of Italy. In the last decade, give or take a few years, Panama City has morphed into a must-experience foodie destination for gourmands of all stripes, with street food and fine-dining options to tempt the most demanding palates.
In this special report, we explore the country’s landscape through its food, seeing it through the eyes of the restaurateurs who are bringing the flavors of the world to our doorstep. We’ll check out good eats from Panama City out to the beaches and up to the mountain towns… and take a peek behind the kitchen doors of those intrepid entrepreneurs—some expat, others local—with the business chops to make their living one plate (or coffee cup) at a time.
SKU: PSR-PANAMA-RESTAURANT-BUSINESS -
Get Started, Panama, Panama Special Reports, Retirement & Lifestyle
Aguadulce, Panama
Many people only know Aguadulce as that annoying little town along the Pan-American Highway where traffic becomes congested… And it’s true—but it’s a misconception that traffic is all there is to this town. The other misconception is that Aguadulce’s only attraction is the Spanish-colonial architecture. There’s so much more…
Aguadulce’s history is mysterious… It was known as “la tierra de la sal y el azúcar” (the land of salt and sugar) during the late 18th century and was baptized as San Juan Bautista de Aguadulce around the same time.
The Aguadulceña community takes great pride in their cultural history and its importance to the country. The small town preserves several cultural landmarks that the now Ministry of Culture proclaimed important to Panama’s national heritage in 2017…
One is the Museum of Salt and Sugar, with its colonial architecture and canary yellow façade. For a nominal fee, you can look at pre-Colombian artifacts, historical documents, photographs, as well as the origins of the sugar industry. Another iconic building is the Eduardo Pedreschi Municipal Palace. Built in 1925, it’s named after the Italian architect who designed many of the important buildings in the city.
Currently, Aguadulce is restoring, improving, and repairing important city structures, with many visible renovation projects like Parque 19 de Octubre, directly across the street from the historic San Juan Bautista Church.
If you enjoy fresh air and sunshine (with some rain mixed in), Aguadulce is a great place to live, with an abundance of outdoor activities to do here… limited only by your imagination and abilities.
SKU: PSR-AGUADULCE -
Get Started, Panama Special Reports, Retirement & Lifestyle
Albrook and Clayton, Panama City, Panama
In this Panama Special Report, we bring you the areas of Albrook and Clayton, Panama City.
Both Albrook and Clayton originated as part of the Panama Canal Zone. The infrastructure and neighborhoods were built by U.S. engineers to be used by the U.S. armed forces. When the U.S. government turned the Panama Canal over to the Panamanians 10 years ago, Clayton and Albrook came as part of the package. In the decade since, these two communities have developed into quiet, peaceful residential areas with parks, single-family homes, some of the best schools in Panama, and small retail areas. Perfect if you’re relocating with a family but very appealing, too, if you’re just looking for a more suburban experience.
SKU: PSR-ALBROOK-CLAYTON -
Get Started, Panama Special Reports, Retirement & Lifestyle
Amador Causeway, Panama City, Panama
In this Panama Special Report, we tour Panama’s Causeway in Amador, a former U.S. military outpost and Canal Zone recreation area that is today enjoying a multi-million dollar makeover.
The Amador Causeway has a long and winding history tied to the construction of the Panama Canal and the nearly 100-year occupation of the Canal Zone by U.S. military forces. Used first as a military base, Amador was later repurposed as a sprawling recreation area for the exclusive use of U.S. military personnel and their families. Languishing in neglect since the 1999 handover dictated by the Torrijos-Carter Treaty that returned the land to Panama, the Causeway is today the focus of an ambitious plan to transform it into a five-star residential community whose key feature, a cruise-ship terminal, will rival ports of call throughout the Americas.
SKU: PSR-AMADOR-CAUSEWAY -
Get Started, Panama Special Reports, Retirement & Lifestyle
Balboa, La Boca, and Amador Causeway, Panama City, Panama
Get Started, Panama Special Reports, Retirement & LifestyleBalboa, La Boca, and Amador Causeway, Panama City, Panama
In this Panama Special Report, we bring you the areas of Balboa, La Boca, and Amador Causeway, all located within Panama City.
Only a few miles away from the hustle and bustle, the bright lights, and the hectic honking of cab horns, brings you to what used to be considered the Canal Zone. You know you’ve entered this area when on one side you see multicolored storage containers stacked one on top of the other, like a Lego village, while on the opposite side of the street you see boxy, tan-colored old military barracks and government buildings.
SKU: PSR-BALBOA-LA-BOCA-AMADOR -
Get Started, Panama Special Reports, Retirement & Lifestyle
Best of Panama’s Caribbean
Our Best of Panama’s Caribbean Coast Special Report is your beginners guide to finding the best opportunities on this side of the isthmus.
The Caribbean Coast of Panama is notoriously underdeveloped—a pro or a con depending on what kind of lifestyle you’re looking for. This side of the country’s infrastructure is basic at best, and, as a result, fewer foreigners have settled on Panama’s northern side. English is less generally spoken than on the Pacific side, though the touristy Bocas del Toro is an exception—here the high volume of visitors means most working in the service industry speak English, and many businesses are American or Canadian owned.
From the rugged but expat-popular Bocas del Toro islands in the far west to the colonial cities of Colón and Portobelo, the Caribbean options are few but varied. This report details Panama’s best options on the Caribbean…
SKU: PSR-BEST-CARIBBEAN -
Get Started, Panama Special Reports, Real Estate & Investing
Complete Guide To Buying Property In Panama
Get Started, Panama Special Reports, Real Estate & InvestingComplete Guide To Buying Property In Panama
In this Panama Special Report, we cover the topic of buying real estate and property in Panama, including an exclusive on what you need to know beforehand in order to negotiate and have a smooth purchase process.
Panama is still a developing market—and a relatively unregulated one. This report will help you to navigate the quirks and details of Panama’s property market.
SKU: PSR-PANAMA-PROPERTY -
Get Started, Panama Special Reports, Real Estate & Investing, Retirement & Lifestyle
Your Complete Guide To Investing In Panama Today
Get Started, Panama Special Reports, Real Estate & Investing, Retirement & LifestyleYour Complete Guide To Investing In Panama Today
Panama could arguably be called the world’s best offshore haven. The country is the biggest international banking center in the region and is a U.S.-dollar jurisdiction, meaning stability and simplicity in your financial transactions. It’s the easiest and most advantaged place in the world to establish residency. The infrastructure is of a high standard and things generally work—the internet, cable TV, phone service, etc., are all nearly as reliable as anywhere in the States. The roadways and highway systems are being constantly expanded and improved.
Economically, Panama is one place in the world that’s enjoyed continued growth and prosperity—and is positioned for a whole lot more of the same over the coming decade. Plus, it’s one of the few Latin markets where it’s possible for you, as a foreigner, to borrow locally to buy real estate (although that’s become more difficult). And all of that translates into massive investment opportunities.
If you are in the market right now for a place to invest (or live, or retire, or do business) overseas, you’re doing yourself a big. We’ve been making the case for Panama for nearly 20 years now, and we’re more bullish on the opportunities and upsides on offer in the Hub of the Americas than ever before. In this Special Report, Live and Invest Overseas makes the case for Panama.
SKU: PSR-PANAMA-INVESTMENT -
Get Started, Panama, Panama Special Reports, Retirement & Lifestyle
Boca Chica and Boca Brava, Panama
Get Started, Panama, Panama Special Reports, Retirement & LifestyleBoca Chica and Boca Brava, Panama
Boca Chica is a beach town found in southwestern Panama’s Chiriquí Province. Lapped by the life-rich waters of the Pacific Ocean, it’s famous for having some of the best beaches in Panama. Directly in front of Boca Chica is Boca Brava Island, a protected area that’s ideal for stand-up paddle boarding, kayaking, or anchoring your boat.
The real draw to this town are the two (free) municipal boat ramps that serve as the gateway to the surrounding islands and coral reefs which make up the Gulf of Chiriquí National Marine Park. Wildlife you might encounter here includes howler monkeys, tiger herons, green iguanas, hawksbill and leatherback turtles, hammerhead sharks, white-tipped reef sharks, manta rays, and dolphins. Humpback whales calve here from August to November.
This is an incredible place for boating, fishing, wildlife viewing, snorkeling, and scuba diving. Discover Boca Chica and Boca Brava in this Panama Special Report.
SKU: PSR-BOCA-CHICA -
Get Started, Panama Special Reports, Retirement & Lifestyle
Bocas del Toro, Panama
The Caribbean Coast of Panama is notoriously underdeveloped—a pro or a con depending on what kind of lifestyle you’re looking for. This side of the country’s infrastructure is basic at best, and, as a result, fewer foreigners have settled on Panama’s northern side. English is less generally spoken than on the Pacific side, though the touristy Bocas del Toro is an exception— here the high volume of visitors means most working in the service industry speak English, and many businesses are American or Canadian owned.
Bocas del Toro is often regarded as Panama’s top tourist destination—and for good reason, too. This is one of the most pristine areas on Panama’s Caribbean coast, and tourists have taken note of its dense rain forests, clear and clean turquoise water, and white-sand beaches.
Bocas del Toro is a province in Panama consisting of a small portion of the mainland as well as an archipelago of nine islands. It borders the Caribbean Sea to the north, Chiriquí to the south, Costa Rica to the west, and the indigenous Ngäbe-Buglé comarca to the east.
Until recently, it has been regarded as little more than a slum. To be fair, some corners of the town could leave you with that impression, but things are changing here.
The government is beginning to take note of the tourism potential and is investing in infrastructure accordingly. As recently as a decade ago, paved roads, sewage treatment, and even slightly reliable electricity had yet to arrive to town. Today, Bocas is more attractive than ever before and continues to improve thanks to the locals, tourists, and foreign residents alike. Improvements in infrastructure are ongoing and at a steady pace. Even recycling has now been recognized as a necessity if they are to save their pristine sand and surf.
SKU: PSR-BOCAS-DEL-TORO -
Get Started, Overseas Haven Reports, Panama, Retirement & Lifestyle
Bocas del Toro, Panama | Overseas Haven Report
Get Started, Overseas Haven Reports, Panama, Retirement & LifestyleBocas del Toro, Panama | Overseas Haven Report
Bocas has been regarded before as little more than a slum. To be fair, some corners of the town could leave you with that impression, but things are changing here. The government is beginning to take note of the tourism potential and is investing in infrastructure accordingly. As recently as a decade ago, paved roads, sewage treatment, and even slightly reliable electricity had yet to arrive to town. Today, Bocas is more attractive than ever before and continues to improve thanks to the locals, tourists, and foreign residents alike.
Improvements in infrastructure are ongoing and at a steady pace.
Small-scale, start-up tourism businesses have begun to take hold here, becoming the best option for a Caribbean escape in Panama. From cheap backpacker hostels and bars, to extensive forest, yoga, or adventure retreats, a trip to Bocas can be a “roughing it” experience or a luxury relaxation. Improvements in infrastructure are ongoing and at a steady pace. Even recycling has now been recognized as a necessity if they are to save their pristine sand and surf.
Come nightfall, Bocas buzzes with activity. Hostels, bars, and hostel-bars are full of visitors from around the world, eating, drinking, socializing, and enjoying live music.
You could even do business in Bocas if you know what you’re doing and can find the right market niche or demand, and do well for yourself. As for real estate, you can find properties at prices from both sides of the spectrum; old buildings from failed businesses, renovated houses, or luxurious forest mansions designed by acclaimed architects.
Bocas has beauty, charm, and progress. Bocas is never boring.
This carefree, stunning destination has a character and a magnetism all its own.
SKU: OHR-BOCAS-DEL-TORO -
Get Started, Panama Special Reports, Retirement & Lifestyle
Boquete, Panama
Boquete is unlike any other town in Panama. The combination of its stunning natural setting, perfect temperate climate, and large expat contingent makes it a natural choice for those contemplating a move to Panama. It is located in western Panama, about 37 miles from the Costa Rican border. It’s part of Chiriquí Province, the capital of which, David, lies 30 miles to its south.
The tropical heat that Panama is famous for is much less intense in Boquete, and thanks to all the rain, it’s less dry than lower-altitude areas.
Boquete has the highest density of expats in Panama, and it’s fascinating and heartwarming to watch them intermingle seamlessly with third-generation boqueteños, indigenous people, and everyone in between.
Boquete is one-of-a-kind and a beautiful place to call home, but it also has its foibles and isn’t necessarily for everyone… Keep reading and find out if it could be your new home overseas.
SKU: PSR-BOQUETE