Quote:
Originally Posted by Publisher Bucks
So I just booked a 10 day stay over there in February to check things out a little closer and see what areas of the country I like, its looking like it'll most likely be Panama City itself.
$130k for a 3br property in a somewhat decent area of the city (according to reviews) is a steal, especially if the amenities are as affordable as they seem to be.
Thanks for all the feedback  |
I lived there(Panama City) for a small year after moving away form a high tax EU country.
The tax regime was what drove me to get the permanent residency which is an easy process coming from a 'friendly nation'.
Honestly I think there are better places to live in the world unless you have ties to the region, Panama City is small and there is not much to do in Panama.
Your experience may be totally different, other people love it so take my experience with a grain of salt. Personally I choose Thailand over Panama.
You can get by with English but highly recommended to have decent Spanish skills.
To get around you will need a car(although there is Uber and plenty of taxi's) as the city is not walkable.
In general Panama is considered safe, but that is by Latin American standards.
Business wise I would not recommend Panama as it has quite a bad reputation post Panama Papers internationally, local (business) banking is not so good. People are not really business minded in Panama and can procrastinate, this is not just for low paid employees for my experience.
There are some expat groups to socialize and retirees. I believe a good share of them are American.
Definitely check the location of the property first because for that price I would expect it to not be in the best neighborhood. Which neighborhood is the property?
Anyway, I hope you have a great time in Panama!