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When contemplating a move abroad, motivations can vary widely. For some, the desire to escape political turbulence is a strong driver. However, relocating to Panama is about much more than leaving behind the shifting sands of politics.
Panama offers a rich tapestry of culture, natural beauty, and lifestyle benefits, making it a premier destination for those seeking a better quality of life.
With over 1,400 islands, coastlines spanning 1,800 miles of breathtaking beaches along both the Pacific and Caribbean and mountain ranges that divide the country north and south, providing distinctive climates and ecosystems, there are seemingly endless options for places to live in Panamá. Take your pick of rainforest adventures in a biodiverse wonderland or cultural pursuits in cities big and small.
The diversity of Panamá makes it an ideal destination to relocate to. There’s something for everyone, regardless of your budget. Here are more reasons why Panama stands out as a compelling choice for relocation.
A Welcoming and Diverse Culture
Panama is renowned for its warm and welcoming people. The country’s cultural diversity reflects its rich history as a crossroads of trade and migration. You will find a melting pot of cultures in Panama, with influences from Africa, Europe, Asia, and indigenous populations. This blend creates a vibrant and inclusive society where newcomers can easily find their place. Panamanians love their colorful festivals.
Natural Beauty and Outdoor Activities
Panama is a paradise for nature lovers and outdoor enthusiasts. The country boasts an array of stunning landscapes, from pristine beaches and lush rainforests to towering mountains and serene highlands. Whether you’re interested in hiking, birdwatching, surfing, or simply relaxing by the sea, Panama has something to offer. National parks and protected areas abound, providing endless opportunities to explore and appreciate the natural world.
Excellent Healthcare and Affordable Living
One of the significant advantages of moving to Panama is access to high-quality healthcare at a fraction of the cost in the United States. The country’s healthcare system is modern and well-equipped, with many doctors trained in the U.S. or Europe.
Additionally, the cost of living in Panama is significantly lower than North America., allowing you to enjoy a comfortable lifestyle without breaking the bank. Whether it’s affordable housing, inexpensive fresh produce, or low utility bills, your money goes further in Panama.
Favorable Climate
Panama’s tropical climate is another appealing factor. With warm temperatures year-round in coastal areas and distinct dry and rainy seasons, you can enjoy outdoor activities every season. You can literally pick your ideal temperature based on the elevation in Panama. On the coast, it’s about 90F (+/- 5), then for every 1000-foot increase in elevation, the temperature drops 4 degrees. The diverse microclimates mean you can choose your preferred weather, whether the Boquete’s cooler highlands or the Bocas del Toro’s sunny beaches. I live in the highlands of Boquete, where the daytime temperatures are in the mid-70s, and no air conditioner is needed.
No hurricanes in Panama!
Economic Stability and Growth
Panama has one of the fastest-growing economies in Latin America, driven by its strategic location and the Panama Canal, which is a major global shipping route. The country’s economy is stable and growing, providing opportunities for business and investment. GDP growth in 2023 was strong (7.3 percent), exceeding expectations for the third year in a row since the downturn in 2020. The U.S. dollar is the official currency, adding an extra layer of convenience for American expats. See these sources about Panama’s economic stability:
World Bank. “Panama Overview.” World Bank.
International Monetary Fund. “World Economic Outlook Database.” IMF.
Central Intelligence Agency. “The World Factbook: Panama.” CIA.
Panama’s political and economic stability results from strategic policies, a diversified economy, and a commitment to democratic governance. The country’s impressive GDP growth and attractiveness to foreign investors highlight its economic resilience and potential for future growth. As Panama continues strengthening its position as a regional leader, its stability remains a key factor driving its success and prosperity.
Easy Residency Options
Panama offers several visa options that make it relatively easy for foreigners to obtain residency. The Pensionado Visa is particularly popular among retirees, providing numerous benefits such as discounts on healthcare, 25% discount on airfare to anywhere in the world, and entertainment. To qualify for the Pensionado visa, you only need to show $1000 USD in lifetime income for one person or $1250 USD for a couple. This can be a pension, social security, military retirement, or even some annuities.
Other visa options are available for investors, entrepreneurs, and professionals, making Panama accessible to a wide range of people.
Modern Amenities and Infrastructure
Despite its natural beauty, Panama is not lacking in modern conveniences. The capital, Panama City, is a bustling metropolis with world-class restaurants, shopping, and entertainment. The country also boasts reliable internet and telecommunications, modern highways, and excellent public transportation. These amenities make daily life comfortable and convenient.
Proximity to the U.S. and Canada
For those who still want to maintain close ties to family and friends in the U.S. or Canada, Panama’s proximity is a significant advantage. Direct flights from Panama City to major U.S. or Canadian cities make travel easy and quick. This geographic closeness ensures that you can visit loved ones frequently and stay connected.
Panama’s Copa Airlines offers non-stop flights to and from many North American destinations.
Some non-stop Canadian charter flights are offered during Canada’s winters to take you directly to the Pacific beach areas in Panama.
Embrace the Panamanian Lifestyle
Ultimately, moving to Panama should be seen as an opportunity to embrace a new and fulfilling lifestyle rather than merely escaping U.S. or Canadian politics.
The country’s myriad attractions and benefits provide a compelling reason to relocate. From the welcoming culture and natural beauty to the excellent healthcare and affordable living, Panama offers a quality of life that is hard to beat.
In Panama, you can find a place to truly call home, where you can live comfortably and happily while enjoying all the unique experiences the country has to offer.
Panama has strong family values which reminds me of what it was like growing up in the United States in the 50s and 60s. In many ways, Panama is like the United States used to be.
So, rather than running away from something, consider moving towards a brighter, more enriching future in Panama.
Come See How You Can
LIVE BETTER for LESS in Panama!
We can show you how! Join us for an all-inclusive 6-day, 7-night Panama Relocation Tour to see many different areas of Panama, including big cities, beach towns, mountain towns, and colonial villages. See tour details here.
We have the experience you can trust!
Since 2010, Panama Relocation Tours has helped thousands relocate to Panama the RIGHT way. As of July 2024, we’ve completed 248 relocation tours! During a Panama Relocation Tour, you’ll meet immigration lawyers, honest real estate agents, and other vetted contacts in Panama. You’ll learn the hassle-free way to relocate to Panama and how to avoid costly mistakes too!
TripAdvisor ranks Panama Relocation Tours as the #1 Tour company in Panama.
Tour Review posted on TripAdvisor by Linette:
We have been on several relocation tours through the years and Panama Relocation Tour was by far the most interesting and memorable experience for both my husband and myself.
The detailed emails and follow ups by Dustin were quick and very informative.
We arrived a day earlier and liked the hotel we stayed and then with the group. Great staff, breakfast and close to a lot of places that are needed when traveling abroad.
We met our guides Chuck and Debbie the morning we began and I think we all knew instantly it would be a “one of a kind group”.
What a Fantastic time we had learning all about the ins and outs of Panama! We all know that there is So much more to learn however Jackie’s guide whether online or book will help us make a smooth transition. This is a Must tour and believe me we will be back! What Wonderful people we met and we Love Panama! Hope to see PRT 244 there!
see more reviews here
I love all of the videos and read every newsletter. I am 54 and have already decided I’m not waiting for 67 to retire. I will be taking early retirement at 62 and have decided Panama is the place to be. I will be taking a tour with your company a little closer to retirement.
Cherie. Don’t wait! Come check out Panama soon so you can see what’s waiting for you when you retire. It will make the time go by faster