Panama Relocation Tours

Live BETTER For Less in Panama

  • Home
  • Tours
    • Tour Itinerary
    • Tour Dates
    • Tour Price
    • Testimonials
    • Tour F A Q
    • Refund Policy
  • Book a Tour
  • Living in Panama
  • Rentals
  • Blog
    • Live Conference Call
  • About Us
  • Contact Us
Home Living in Panama Top 10 Reasons for Moving to Panama
Top 10 Reasons for Moving to Panama

Last Updated Sep 2, 2019 - by Panama Relocation Tours

Top 10 Reasons for Moving to Panama

A few years before moving to Panama I bought a house on a private 500 acre lake in East Texas.  It had been my dream to have a lake house so I could get away from the concrete jungle of Dallas Texas.  I really thought I’d be at that lake house forever.  But summers in Texas can be a brutal 115 degrees and winters, complete with ice storms, can get down in the 20s.   A very high utility bill every month was the norm.

So, when I decided to move away from the United States, my number ONE criteria was to find a place where I could live where I’d never need an air conditioner or heater again.  Beautiful scenery would be a plus.

I found both in Boquete Panama… plus many more benefits!

After doing Panama Relocation Tours for NINE years now and talking to thousands of people considering moving to Panama, these are their 10 top reasons for considering a move to Panama:

1.     More affordable living. Many have said if they stay in the country where they live now they will need to work the rest of their life.  For most, their biggest expenses are health care and taxes (including property taxes plus Federal and State taxes).   My international health insurance is $2200 per YEAR and it covers me in the USA, Panama or any other country.  I have zero property taxes in Panama for the house and property I purchased.  Instead of $400 per month for electric and $70 per month for water, I now pay closer to $20 per month for electric and $100 per year for water.

2.    Weather.  No more snow to shovel. No more hot summers.  Harsh weather plus soaring utility costs, including water bills, are causing many to look beyond their borders for a better place to live. Air quality is an important factor too.   There is no snow in Panama.  But if you don’t like the heat you need to stay away from Panama City and other towns close to the coast.  In Panama you can select your ideal temperature by changing the altitude where you live.

3.    Get away from constant political conflict and tension.   Panama has very little division or conflict.  For the most part everyone is on the same page to keep the economy moving in the right direction, create jobs, keep debt at a minimum, and encourage investments.   There is no far left or far right agenda in Panama.  It is a refreshing change!

4.    A more stable economy. In 2018, Panama saw its GDP rise  to 5.3 percent. The predictions for 2019 and 2020, however, are much higher, at a little more than 6.3 percent. The International Monetary Fund is even more optimistic, calculating this year’s GDP growth at 6.9 percent, the highest in the whole of Latin America.  According to BBVA Research, the main driver of the economy will be investment, together with private consumption prompted by an all-time low unemployment, which was 2.9 percent both in 2017 and 2018, the lowest in the region.

5.    Less government rules,regulations and taxes which affect every aspect of your life.   It’s easy to set up a business in Panama.  You’ll need to get a business license and pay taxes if you earn money in Panama.  But the taxes and rules are much less than the United States where I moved from.  I had companies in the US too so I have something to compare business in Panama to.   Capitalism is alive in well in Panama and welcome. Taxes, especially property taxes (if there are any) are very low. Panama is full of opportunity.

6.    New adventure. Get away from the same old, same old.  Panama is appealing because it is a small country with so much diversity.  You can be at the Pacific Ocean, the mountains, and Caribbean Sea all in the same day ….without getting on an airplane.  If you time it right, you could drive to Costa Rica the same day too!  There are so many social activities and charity organizations you can get involved in too – you will never be bored in Panama!

7.    New opportunities.   There is so much opportunity in Panama!  Many of the conveniences you are familiar with in your country may not exist in Panama… that spells opportunity to provide that product or service to a brand new audience in Panama.

8.    Avoid racial conflicts.  Apparently this is a real problem in many countries.  Luckily, in Panama everyone just gets along regardless of race or religion.  For hundreds of years, people from all over the world have been moving to Panama.   Originally it was to help build the Panama Canal.  Now it it for the tremendous opportunities available in Panama. Everyone is welcome in Panama!

9.    Move to a country where there is personal responsibility and entitlement mentality does not exist!  No one in Panama has their hand out for food stamps, free housing, free cell phones, and unemployment benefits.  Panamanians are proud to work for a living.  If they cannot work, their family helps them until they get back on their feet.

10.    Experience a less stressful way of life.  Tranquilo!  This is a combination of all 10 reasons rolled in to one.  By removing the stress of high costs of living,  economic instability, political conflict, racial conflict, government regulations, hot or cold weather, fresh air, etc. … combined with more adventure and opportunity… you can live a better quality of life in Panama with less stress.

There are many other reasons for moving to Panama, but these are the top 10 reasons my tour guests have given.

What’s your reason for considering a move to Panama?

 

August 2014 Tour Group at Mana Restaurant in Volcan

August 2014 Panama Relocation Tours

YOU MIGHT ALSO LIKE

Filed Under: Living in Panama Tagged With: business opportunity in Panama, cost of health care in Panama, cost of living in Panama, economy in Panama, Live and Invest Overseas, living in panama, living international, Panama Costs of Living, Panama weather, retire in panama

Comments

  1. Allen Gastinger says

    August 19, 2014 at 11:52 am

    Great article. We hope to get in on the Nov. tour if someone drops out but if not we will certainly be on one in the early 2015 year, and are looking forward to it. Allen Gastinger, Early, Texas

    Reply
  2. Jackie says

    August 19, 2014 at 8:31 pm

    I’m getting a lot of interesting emails about this blog posts.

    One person said
    I would move to Panama if secure and I do not have to hear “terrorism” news” all the time.

    Just so you know, Panama does not even have an army. They don’t make enemies all over the world like other countries. So there is no news about terrorism threats in Panama.

    Reply

Trackbacks

  1. Top 10 Reasons to Retire In Panama | Panama Relocation Tours says:
    April 12, 2015 at 9:47 pm

    […] months ago I wrote an article about the Top 10 Reasons for Moving to Panama.   I noticed my friend Bob Adams at http://www.RetirementWave.com has a similar article about the Top 10 […]

    Reply

Leave a Reply Cancel reply

This site uses Akismet to reduce spam. Learn how your comment data is processed.

​// subscribe

FREE 8-Part Series... Living and Retiring In Panama. Sign Up Now For INSTANT ACCESS

Retire in Panama ebook cover

​You will learn:
> Top 10 Reasons to Retire in Panama
> Cost of Living in Panama
> Retiree Benefits and Visa Options
> Healthcare and Health Insurance
> Best Places to Retire in Panama
> Panama Seasons & Weather
> Banking in Panama
> 13 Things The Offshore Gurus Will Not Tell You
> Free 8-part series Retiring/Living in Panama
> much more

Find us on Facebook
Panama Relocation Tours YouTube Channel

As seen in...

MarketWatch logo

‘It is an act of insanity to stay in the U.S.’

Recent Blog Posts

  • The Fastest Way to Make Friends in Panama
  • REPLAY: Retire in Panama Q & A Call November 2019
  • 16 Years as an Expat in Panama
  • Should You Ship Your Car to Panama?
  • Bringing Your Pets to Panama
  • Shipping Your Household Goods to Panama
  • First Month in Panama
  • They Retired Early in Panama
  • Single Women Moving to Panama
  • REPLAY October 2019 Q&A Conference Call

Learn How to Fund Your Freedom Overseas
Free Book

image of Living in Panama As An Expat cover

© COPYRIGHT 2010 - 2019 PANAMA RELOCATION TOURS ALL RIGHTS RESERVED PANAMA RELOCATION TOURS, INC. AND NEXT DOOR LLC DBA PANAMA RELOCATION TOURS ·
Privacy Policy | Become an affiliate