5 Things to Consider Before Moving to Panama

Listen to the reply of our first conference call in 2021.  I discussed five important things you need to take into consideration before planning a move to Panama.  And, I made an announcement about our NEW all-inclusive Private Tour option.  The last 30-minutes were reserved for Q & A time!

Of course, before you can even come to visit Panama, you need to get a passport so that needs to be at the top of your list.  The other five things you need to consider are:

1.  RESEARCH if Panama will be a good fit for you.  Our Online Panama Relocation Guide has the information to help you do research.  You’ll want to determine if Panama has a Visa that will work for you.  Does Panama have the kind of weather you like and if there is a place to live in Panama that fits your budget.

2.  BUDGET – Determine how much money you will have to live on when you move to Panama.  If you’re retired, will your pension be enough to qualify for a Visa?  Once again, our Online Panama Relocation Guide has information to help you determine your budget and which places in Panama will be a good fit for your budget.   There are upfront costs involved when you move to Panama so you need to determine if you will be able to afford to get a Visa, rental first money rent and a deposit,  will you buy a car, do you need to bring pets.  and perhaps get health insurance in Panama.

3. FAMILY – will you be able to live away from your family for extended periods of time or will you need to go back “home” often to see children, parents, or grandchildren.  or, perhaps your family will come visit you in Panama.  If you plan to go visit them, be sure to budget for additional airfare.

4.  HEALTH – if you have pre-existing conditions, you need to determine if you can get the medications you need and the health care you need in Panama.  Our Online Panama Relocation Guide has two pharmacies who will let you know if your medications are available and what the costs will be.   If your medications are not available, you’ll need to make arrangements to get them shipped to Panama so include that cost in your budget.  You will probably not be able to get health insurance in Panama if you have pre-existing conditions.  But you can use public or private health care systems but you’ll have to pay out of pocket.

5. ATTITUDE – Panama is different.  If you can easily adapt to a new culture and a new way of doing things, you’ll fit right in. But if you want everything to be like the USA, Canada or Europe but more affordable in Panama, you will be disappointed and may have a hard time adjusting.

LISTEN to the replay of the conference call for more details.   I also made a big announcement about our new “All-Inclusive Private Tours”