Relocating to Panama

In the US, rising healthcare, housing and tax costs are making it harder to have rich and carefree life–and the news just doesn’t seem to be getting better. Now is the time to explore your options. With a growing economy, leading healthcare and an international city, Panama has always been a friend to Americans. It’s economic success and low cost of living is a welcome home for people looking to live here part time or to retire. Panama wants to become part of your family.

Easy Access

As the world transport hub, Tocumen offers even more direct flights to the rest of the world: Paris, Brussels, Montreal, Toronto, Frankfurt, Madrid, Amsterdam, Instanbul and every South American country capital. Wherever you want to go, Tocumen is the flight hub.

Econcomic Growth & Political Stability

Most Latin American and Caribbean countries are dependent on tourism or natural resources for economic stability. One hurricane or stock market flutter puts these countries at immediate risk. Panama is the exception.

Panama has a robust economy with large transportation, banking, service and chemical sectors. The economy is expanding at a healthy 5.5% rate. The Panama Canal and the Colon Free Trade Zone steadily provides 10% of the Panama’s gross domestic product. The completed second canal means even more shipping. There is little threat of out-of-control inflation that has hurt so many other Latin American economies. Panama has a history of low inflation, and no taxes are collected on income made outside of the country. Panama has very conservative banking practices with branches from major financial institutions. Opportunities in logistics, chemicals and technology are booming.

Panama City, night time, as seen from above

Shopping

Panama has the best shopping in Latin America. Supermarkets stock just about everything you would find in an American supermarket but at lower prices. There are five Price Costcos in Panama City (they're called Pricesmart here). Panama City has five major shopping malls: the super high-end Soho Mall, Multiplaza in Punta Pacifica, Albrook Mall, Multicentro on Balboa Ave and Metro Mall near the international airport. For setting up your home, you'll find large electronic, appliance, computer and furniture stores with familiar brands. Prices that are similar or better than in the USA. The large Westland Mall is 5 miles from Playa Dorada.

Panamanian open air market

Cultural Differences

Panama is a great place to live because of the Panamanian people who have one of the most open and friendly cultures in the world. Due to Panama's position as a world business and transportation crossroads there's a long history of living and working with foreigners. Panama was "born globalized". Panama is home to immigrants the world over. Different nationalities and peoples get along. Most common are "mestizos" or persons who are a combination of Spanish and native Indian and blacks. There's also sizable European, American, Chinese, Jewish, Hindu and Arabic communities.

Opening Your Home

Real estate values are rising. The closer a community is to Panama City, the more valuable. Many people are buying now and living in their home part-time. They use Playa Dorada’s property management firm to rent their home when they aren’t using it. There just aren’t any other beach communities so close to the city and to the airport.

Conde Nast Traveler selected Panama as one of the six best places for a second home in the Americas. These ratings are based on safety, cost of living, infrastructure attractions, beauty and climate.

In the US, rising healthcare, housing and tax costs are making it harder to have rich and carefree life–and the news just doesn’t seem to be getting better. Now is the time to explore your options. With a growing economy, leading healthcare and an international city, Panama has always been a friend to Americans. It’s economic success and low cost of living is a welcome home for people looking to live here part time or to retire. Panama wants you to make it part of your family.

• Panama is one of the safest countries in the world with the highest rating for tourist safety.
• Panama is an extraordinarily beautiful country with a wide variety of residential venues including mountain, beach and city communities. Panama has a near perfect climate.
• Panama City is a modern capital city with high-speed internet, first-rate hotels and restaurants and shopping on a par with the US.
• Panama has medical facilities on a par with the United States. Panama has a reliable communications and road infrastructure.
• Panama's cost of living is a fraction of the United States. Panama's currency is the US dollar.
• Panama is close to the US with direct flights from 10 major US cities.
• Retirement visa requirements are minimal.
• Foreigners can buy and own property in Panama enjoying the same rights and protections as Panamanians.

EASY ACCESS
Panama City’s international airport, Tocumen, is the largest and busiest airport in Latin America. There are direct flights from Boston, New York, Washington DC, Atlanta, Chicago, Los Angeles, San Francisco, Toronto and Houston on JetBlue, Delta, United and Canadian Air. As the world transport hub, Tocumen offers even more direct flights to the rest of the world: Paris, Brussels, Montreal, Toronto, Frankfurt, Madrid, Amsterdam, Instanbul and every South American country capital. Wherever you want to go, Tocumen is the flight hub.

Panama City

Most Latin American and Caribbean countries are dependent on tourism or natural resources for economic stability. One hurricane or stock market flutter puts these countries at immediate risk. Panama is the exception. 

Expats usually compare countries on the following criteria:
Government stability
Economic growth and diversity
Safety
Healthcare quality
Rule of law
Property ownership
Residency

Panama's 100 year relationship with the United States is reflected in Panama's institutions and infrastructure. The legal, banking and healthcare systems are based on American models. The economy uses the US dollar. 

Shopping

Panama has the best shopping in Latin America. Supermarkets stock just about everything you would find in an American supermarket but at lower prices. There are five Price Costcos in Panama City (they're called Pricesmart here). Panama City has four major shopping malls: Multiplaza in Punta Pacifica, Albrook Mall, Multicentro on Balboa Ave and Metro Mall near the international airport. For setting up your home, you'll find large electronic, appliance, computer and furniture stores with familiar brands. Prices that are similar or better than in the USA. The large Westbrook Mall is 5 miles from Playa Dorada.

Panama City

People
Panama is a great place to live is because of the Panamanian people -one of the friendliest peoples in the world. Due to Panama's position as a world business and transportation crossroads there's a long history of living and working with foreigners. Panama was "born globalized". Panama is home to immigrants the world over. Different nationalities and peoples get along. Most common are "mestizos" or persons who are a combination of Spanish and native Indian and blacks. There's also sizable European, American, Chinese, Jewish, Hindu and Arabic communities.

Panama City

ECONOMY
Most Latin American and Caribbean countries are dependent on tourism or natural resources for economic stability. One hurricane or stock market flutter puts these countries at immediate risk. Panama is the exception. 

Panama has a robust economy with large transportation, banking, service and chemical sectors. The economy is expanding at a healthy 5.5% rate. The Panama Canal and the Colon Free Trade Zone steadily provides 10% of the Panama’s gross domestic product. The just-completed third canal means even more shipping. There is little threat of out-of-control inflation that has hurt so many other Latin American economies. Panama has a history of low inflation, and no taxes are collected on income made outside of the country. Panama has very conservative banking practices with branches from major financial institutions. Opportunities in logistics, chemicals and technology are booming.

Panama City

HEALTHCARE
Medicine in Panama is organized the same way it is in the US and many physicians trained in the US. Panama is the leading center for healthcare for both Latin American and South America. The Hospital Punta Pacifica is affiliated with John Hopkins with US-trained, English-speaking staff. Panama is called the cradle of the Americas because weathly Latin and South American families fly here to have their babies in Panamanian hospitals.

For ordinary health concerns, there is a regional hospital 3 miles from Playa Dorada in Coronado. A pharmacy is also 2 miles away. Specialists, for everything from arthritis to heart issues, are found in the major hospitals in Panama City. Hospital Nacional has an excellent staff of English speaking doctors, beautiful modern facilities and international department especially with a trained bilingual staff to attend both tourists and foreign residents. They accept most US insurance policies.

Panama City

BUY NOW, RETIRE LATER

Real estate values are rising. The closer a community is to Panama City, the more valuable. Many people are buying now and living in their home part-time. They use Playa Dorada’s property management firm to rent their home when they aren’t using it. There just aren’t any other beach communities so close to the city and to the airport.

Conde Nast Traveler selected Panama as one of the six best places for a second home in the Americas. These ratings are based on safety, cost of living, infrastructure attractions, beauty and climate.

Panama City