Panama Country Guide

Everything you need to know about moving to Panama

How to Move to Panama

Moving to Panama can change your life. Make sure to do it the right way.

Moving to Panama is incredibly appealing for US and Canadian expats due to its enticing combination of factors. The country offers a significantly lower cost of living compared to North America, allowing expats to enjoy a comfortable lifestyle without sacrificing financial stability. Panama’s welcoming visa programs, such as the Pensionado Program and Friendly Nations Visa, make the relocation process smoother, providing expats with the legal framework to reside in the country hassle-free. The diverse and stunning natural landscapes, coupled with a warm tropical climate, further contribute to the allure, creating a paradise for expats seeking both adventure and relaxation. Panama’s proximity to North America, coupled with its strong expat communities and English-friendly environment, fosters a sense of familiarity, making the transition to this Central American gem particularly attractive for those from the US and Canada.

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StartAbroad's High-level Relocation Checklist

At StartAbroad, we provide our clients detailed, tailored checklists that cover every aspect of their move. By clicking the link below, you can download a high-level relocation checklist that covers the basics of your move abroad. While it is not exhaustive, this checklist is designed to help you get started with planning your move to Panama.

How to Move to Panama as a Retiree

Why Retire to Panama?

Lower cost of living than the US or Canada

Excellent visa options, specifically the Pensioner Visa

Affordable, high-quality healthcare

English is widely spoken

Use of the dollar

Relatively safe and stable

On US time-zones, and only 2.5 hour flight away

Live abroad without giving up US and Canadian-quality amenities

How can you retire to Panama?

There is no one-size-fits all move to Panama. Here is a broad outline of steps you could take to make your move a success. 

 

  1. Define your goals for your life in Panama
  2. Set your retirement budget
  3. Decide on your relocation timeline
  4. Visit the country at least once on a scouting trip
  5. Decide your residency route, connect with StartAbroad
  6. Understand tax implications of your move
  7. Choose where to live in the country
  8. Decide if you’ll buy or rent
  9. Create a medical plan, including health insurance, access to medications, access to specialists, and an emergency care plan
  10. Take care of banking and money transfer matters
  11. Make sure you have a place to stay upon arrival
  12. Book your ticket!

 

Reach out to [email protected] if you’d like to speak with a relocation specialist to start laying out a roadmap to your life in Panama!

Not sure where to start?

Speak with an international relocation specialist for free

How to Move to Panama as a Family

Why move your family to Panama?

English widely spoken

Diverse, highly rated school options

Affordable, high-quality healthcare

Accessibly priced real estate

Attractive visa options

Lower cost of living than the US or Canada

On US time-zones, and only 2.5 hour flight away

Live abroad without giving up US and Canadian-quality amenities

How can you move your family to Panama?

There is no one-size-fits all move to Panama for families. Here is a broad outline of steps you could take to make your move a success. 

 

  1. Start with schools
  2. Set your budget
  3. Decide on your relocation timeline
  4. Visit the country at least once on a scouting trip
  5. Decide your residency route, connect with StartAbroad
  6. Understand tax implications of your move
  7. Choose where to live in the country
  8. Decide if you’ll buy or rent
  9. Identify the best transportation option for your needs
  10. Take care of banking and money transfer matters
  11. Understand the medical landscape, make sure that your families needs are covered
  12. Make sure you have a place to stay upon arrival
  13. Identify childcare if necessary
  14. Book your ticket!

 

Reach out to [email protected] if you’d like to speak with a relocation specialist to start laying out a roadmap to your life in Panama!

How to Become a Digital Nomad in Panama

Why become a digital nomad in Panama?

Excellent visa options, including the Digital Nomad Visa

On US time-zones, and only 2.5 hour flight away

Vibrant, active, like-minded community

Lots of coworking spaces and accommodation options

Excellent internet speeds

Lower cost of living than the US and Canada

Access to incredible adventure and eco-tourism

Strong community of like-minded expats

How can you become a digital nomad in Panama?

There is no one-size-fits all move to Panama for digital nomads. Here is a broad outline of steps you could take to make your move a success. 

 

  1. Define your goals + length of stay
  2. Set your budget
  3. Speak with your employer or work with an employer of record
  4. Get started on your Digital Nomad Visa
  5. Understand tax implications of your move
  6. Decide where your home base will be
  7. Identify the best transportation option for your needs
  8. Take care of banking and money transfer matters
  9. Ensure that you’ll have fast enough internet where you’re staying
  10. Make sure you have a place to stay upon arrival
  11. Book your ticket!

 

Reach out to [email protected] if you’d like to speak with a relocation specialist to start laying out a roadmap to your life in Panama!

How to Move to Panama as a Professional

Why move to Panama as a professional?

Excellent, accessible visa options

Easy access to the rest of the EU

Excellent internet speeds

On US time-zones, and only 2.5 hour flight away

Accessibly priced real estate

Lower cost of living than the US and Canada

Live abroad without giving up US and Canadian-quality amenities

How can you move to Panama as a professional?

There is no one-size-fits all move to Panama for professionals. Here is a broad outline of steps you could take to make your move a success. 

 

  1. Confirm that your employer has Ok’d the move, and understands the tax implications
  2. Define your goals + length of stay
  3. Set your budget
  4. Decide were in the country you will live
  5. Get started on your visa, connect with StartAbroad
  6. Understand tax implications of your move
  7. Decide where your home base will be
  8. Identify the best transportation option for your needs
  9. Take care of banking and money transfer matters
  10. Ensure that you’ll have fast enough internet where you’re staying
  11. Make sure you have a place to stay upon arrival
  12. Book your ticket!

 

Reach out to [email protected] if you’d like to speak with a relocation specialist to start laying out a roadmap to your life in Panama!

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