Expat Living in Panama: The Pros, Cons.

Expats living in Panama have discovered that this Central American gem, has emerged as a top destination for expats, particularly those from North America.

In this guide, we’ll delve into the basics of living in Panama as an American or Canadian, exploring the robust infrastructure, modern facilities, and the country’s proximity to North America. We’re here to assist you on your journey, guiding you through the legal intricacies of moving to a new country. Let’s embark on this exciting adventure together.

Living in Panama as an American or Canadian: The Basics

Panama is a favored location for expats around the globe due to its robust infrastructure, modern facilities, and its closeness to North America. It also uses the U.S. dollar, which simplifies transactions for Americans. For Canadian expats, living in Panama is also a viable and attractive option. Canadians, like Americans, can enjoy the same benefits and facilities in Panama, and they can stay in Panama for 180 days without a visa.

Moreover, they can apply for the Pensionado program, which offers residence and special benefits to pensioner expats from North America and beyond. Panama is a diverse country, offering a wide range of living conditions from city life in Panama City to more rural settings. And regardless of where you choose to settle, you can find well-established expat communities that will help you acclimate to your new surroundings.

Are you considering Panama as your new home? We are here to assist you in your journey. As an immigration law firm, We can guide you through the legal intricacies of moving to a new country. Schedule an appointment with us today to explore your options and start your immigration process.

The Pros and Cons of Living in Panama

When considering moving to a new country, it’s vital to weigh the pros and cons. Panama, like any place, has its benefits and challenges.


  1. Cost of Living: Panama is known for its affordable cost of living. Even in the upscale areas, the cost of living is relatively low, and you can live very comfortably on a lot less than in many other countries.
  2. Healthcare: Panama’s healthcare is some of the best in Latin America. Healthcare costs are significantly cheaper than in North America, and the quality of care is excellent.
  3. Modern Infrastructure: Panama has good, reliable internet and good cell phone service country-wide. There’s a continuous effort in Panama to construct and uphold new roads and bridges.


  1. «Mañana» Principle: The mañana principle refers to a slower pace of life in Panama. This can be a cultural adjustment for those used to a faster-paced lifestyle.
  2. Bureaucracy: Like many countries, Panama has its share of bureaucratic challenges. Patience is key when dealing with government offices..
  3. Parties: Panamanians love to party and enjoy life, which can sometimes mean loud celebrations that extend into the early hours of the morning.

Making the decision to move to a new country is a significant step. As an immigration law firm, we are here to help you navigate the legal aspects of this process. Book a consultation with us today to discuss your potential move to Panama.

Understanding Panama: A Snapshot

Panama, a small but diverse country in Central America, offers a lot to expats looking for a new place to call home. This narrow isthmus, connecting North and South America, is most renowned for the Panama Canal – an engineering marvel facilitating global maritime trade. But beyond this, Panama is a vibrant country with tropical rainforests, beautiful coastlines, bustling cities, and a rich cultural history.

Panama has a relatively high standard of living and a robust economy. As a hub of international commerce and banking, Panama City, the capital, exhibits a skyline reminiscent of Hong Kong, with modern infrastructure and amenities that make it attractive to expats. Panama’s economic growth over the past two decades has seen an influx of facilities from golf clubs and beach resorts to shopping plazas, grocery stores, clinics, and more.

High-speed internet, reliable power, and potable tap water are widespread, and the country boasts the best roads in the region. Interested in experiencing Panama’s vibrant lifestyle and high standard of living? Feel free to schedule an appointment with us to discuss the legal aspects of moving to Panama. Let’s work together to make your dream of living abroad a reality.

The Pros of Living in Panama as an Expat

When considering a move to Panama, there are numerous advantages that make it an attractive destination for expats, particularly those from the U.S.

Affordable Cost of Living

One of the most appealing aspects of living in Panama is the lower cost of living. From the cost of housing to groceries and outings, a little money can go a long way in Panama. You can live comfortably on a modest budget, whether you’re residing in the city or the countryside. For less than $2,600 a month, including rent, a couple can enjoy a comfortable lifestyle in Panama.

Real Estate

Whether you’re looking for a condominium in Panama City or a traditional home in Las Tablas, there’s a wide range of affordable real estate available. Prices for two-bedroom condos in Panama City start at $160,000, while brand-new houses in David and traditional homes in Las Tablas can be acquired for less than $100,000.

Quality Healthcare

Panama’s healthcare is among the best in Latin America. The costs are much lower than in North America, and the quality of care is excellent. Panama City offers top-notch medical facilities, equipment, and well-trained doctors in all areas of medicine.


Panama is a safe country for expats. Like any other country, there is some crime, but it is usually petty theft. By using the same common sense and due diligence that you would in any setting worldwide, you should feel secure.

Friendly Locals

Panamanians are cheerful people who love their country. They are accustomed to foreigners and are usually willing to help, even if you don’t speak Spanish.

The Pensionado Program

This is a significant draw for retirees. The program offers residence and special benefits to pensioner expats from North America and beyond, including discounts on entertainment, fares, medication, and healthcare costs. Intrigued by the many benefits of living in Panama? We can help navigate the legal process of becoming an expat in this beautiful country. Schedule an appointment with us to discuss your plans and how We can assist in making them a reality.

Assessing the Living Conditions in Panama

Living conditions in Panama are generally excellent, particularly when compared to other countries in Central and South America. Panama boasts a blend of modern infrastructure and beautiful natural landscapes, making it a comfortable and attractive place for expats to settle.

Quality of Life in Panama

Panama is an exceptional choice for expats due to its excellent infrastructure and modern amenities, which are comparable to those found in developed countries near North America. Here, you’ll receive great value for your money, and even with a modest budget, you can enjoy a luxurious lifestyle.

It’s possible to live comfortably in certain areas of Panama for just $1,300 per month, covering rent, utilities, groceries, and entertainment expenses. Panama City, in particular, showcases a dynamic skyline reminiscent of Hong Kong, along with thriving banking and business sectors, and an abundance of events and activities to keep you engaged and entertained.

Safety in Panama for Expats

Crime exists in Panama, like in any other place, but it mainly involves minor theft incidents. Using the same due diligence and common sense that you would in any setting worldwide, you should be fine.

As a rule, Panamanians are used to having foreigners around, and this has been the case even before the Panama Canal was finished in 1914. In economically disadvantaged areas where wealthier individuals come seeking opportunities, you won’t encounter the same level of jealousy or racial tension that can be found in some other places.

Infrastructure and Amenities in Panama

Over the past 20 years, Panama’s cities and towns have experienced significant growth, attracting a range of amenities such as golf clubs, beach resorts, shopping centers, grocery stores, restaurants, and medical clinics.

Access to high-speed internet, reliable electricity, and clean tap water is widespread throughout the country. Cable television and cellular service are available everywhere, and the roads are well-maintained and considered the best in the region. With ongoing investments, conditions in Panama continue to improve, ensuring good internet and cell phone coverage. Additionally, access to safe drinking water from your kitchen faucet is prevalent in most areas of Panama.

Comparing Panama with Costa Rica for Expat Living.

Choosing between Panama and Costa Rica for expat living can be a tough decision, as both countries offer attractive features and unique benefits. However, since you have already chosen Panama as your preferred destination and have initiated the immigration process, let’s explore why Panama may be the ideal choice for you.

  1. Immigration Process and Residency: First and foremost, you’ve already taken the necessary steps to initiate the immigration process in Panama. This means you are familiar with the requirements, procedures, and benefits of obtaining residency in Panama. Switching gears and starting the process all over again in Costa Rica could lead to unnecessary delays and complications.
  2. Stability and Safety: Panama has consistently ranked as one of the most stable and secure countries in Central America. It boasts a robust economy, well-established infrastructure, and a pro-business government that is focused on attracting foreign investment. The country’s commitment to safety and security provides expats with peace of mind as they settle into their new lives.
  3. Cost of Living: While both Panama and Costa Rica offer relatively affordable living compared to North America and Europe, Panama has a slight edge when it comes to the cost of living. Panama’s affordability extends to various aspects, including housing, healthcare, groceries, and entertainment. Your budget can stretch further in Panama, allowing you to enjoy a comfortable lifestyle while keeping expenses manageable.
  4. Infrastructure and Amenities: Panama’s infrastructure is highly developed, particularly in Panama City, which boasts a modern skyline, excellent transportation systems, and a range of amenities such as shopping centers, restaurants, and recreational facilities. The country’s well-maintained roads, reliable internet connectivity, and access to basic services ensure a convenient and comfortable living experience for expats.
  5. Geographic Diversity: Panama’s geographical diversity is another significant advantage. It offers a range of landscapes, from stunning coastlines and beautiful beaches to lush rainforests and scenic mountains. Whether you prefer a coastal lifestyle or a tranquil retreat in the mountains, Panama provides ample opportunities for outdoor activities, adventure, and exploration. Given your preference for Panama and your progress in the immigration process, it is clear that Panama aligns well with your goals and aspirations as an expat. By choosing Panama, you are capitalizing on the advantages it offers in terms of stability, affordability, infrastructure, and geographic diversity.

Health and Wellness in Panama

When considering a move to Panama, it’s important to evaluate the healthcare system and the availability of quality medical services. This section will provide an overview of Panama’s healthcare system, the costs and coverage of healthcare, and the accessibility of English-speaking doctors.

Overview of Panama’s Healthcare System

Panama has made significant advancements in its healthcare system and is known for providing high-quality medical services. The country has both public and private healthcare facilities, with Panama City being the hub of advanced medical care. Public healthcare in Panama is administered by the Social Security Administration (CSS), while private healthcare options offer a wider range of services and facilities.

Costs and Coverage of Healthcare in Panama

Healthcare costs in Panama are generally more affordable compared to North America and Europe. The cost of medical procedures, consultations, and prescription medications can be significantly lower in Panama. Additionally, private health insurance plans are available at competitive rates, providing coverage for various medical services and treatments.

Expats who obtain permanent residency in Panama are eligible to enroll in the government-run universal healthcare program, known as the Seguro Social (Social Security). This program offers comprehensive coverage at affordable rates, ensuring that you and your family have access to quality healthcare services.

Accessibility of English-Speaking Doctors

In major cities and popular expat destinations like Panama City, you will find a significant number of healthcare professionals who are fluent in English. Many doctors in Panama have received their education and training internationally, including in the United States, Europe, and other English-speaking countries.

This language accessibility makes it easier for expats to communicate their medical concerns and receive the necessary care. It’s important to note that while English-speaking doctors are readily available, it’s still beneficial to learn basic Spanish to facilitate day-to-day interactions and better integrate into the local community.

Housing and Real Estate in Panama

Finding suitable housing is a crucial aspect of expat life in Panama. This section will explore the popular expat communities in Panama, specific living areas for Canadian expats, and the process of buying property as a foreigner.

Popular Expat Communities in Panama

Panama offers a diverse range of living options, each with its unique charm and appeal. Some popular expat communities include Panama City, Coronado, Boquete, and Bocas del Toro.

These areas have attracted a significant number of expats from around the world, creating vibrant communities that offer a blend of international and local cultures. Whether you prefer the bustling city life, the serene beachside ambiance, or the cool mountainous climate, there’s a place in Panama that suits your preferences.

Specific Living Areas for Canadian Expats

While there is no designated area exclusively for Canadian expats in Panama, many Canadian retirees and expats have found their home in areas like Boquete, Coronado, and the Azuero Peninsula. These regions offer a favorable climate, beautiful landscapes, and a welcoming community for Canadian expats. Additionally, the presence of established expat communities provides a support system and a sense of familiarity.

Buying Property as a Foreigner

Panama welcomes foreign investment in its real estate market and offers legal protections to property owners, making it relatively straightforward for foreigners to buy property. Whether you’re looking for a beachfront condo, a mountain retreat, or a traditional Panamanian-style house, there are options to suit every taste and budget.

To ensure a smooth property buying process, it’s essential to work with a reputable real estate agent and a qualified attorney specializing in real estate transactions. They will guide you through the legal requirements, assist with property inspections, and ensure that all necessary paperwork is properly completed. Having professional assistance will give you peace of mind and protect your interests throughout the process.

Expat immigration Panama

When relocating to Panama as an expat, it’s crucial to understand and comply with the legal requirements and regulations. This section will provide information on visa and immigration requirements for Canadians and other foreigners, the length of stay for Canadian citizens, and driving in Panama with a foreign license.

Visa and Immigration Requirements

Panama offers various visa options to cater to the needs of different individuals, including retirees, investors, professionals, and those seeking employment. As a Canadian citizen, you will need to follow specific visa requirements to legally reside in Panama.

These requirements may include providing proof of income, a clean criminal record, and fulfilling specific criteria depending on the visa category you are applying for. Working with an experienced immigration lawyer is highly recommended to navigate the visa application process smoothly. They will guide you through the necessary steps, help you gather the required documents, and ensure compliance with immigration regulations.

Length of Stay for Canadian Citizens

Canadian citizens can enter Panama as tourists without a visa and stay for up to 90 days. This generous length of stay allows for ample time to explore the country and make necessary arrangements for long-term residency.

However, it’s important to note that exceeding the allowed stay period may result in fines or other immigration consequences. To extend your stay beyond the initial 90 days or for long-term residency, you will need to apply for a specific visa category.

Driving in Panama with a Foreign License

Canadian citizens and other foreigners can legally drive in Panama using their valid foreign driver’s license for up to 90 days. After the initial 90 days, you will need to obtain a Panamanian driver’s license to continue driving legally in the country. The process of obtaining a Panamanian driver’s license typically involves providing the necessary documentation, undergoing a medical evaluation, and passing a written and practical driving test.

It’s important to note that traffic rules and driving practices may differ in Panama compared to your home country. Familiarize yourself with the local driving regulations and exercise caution on the roads to ensure your safety and compliance with the law. If you have questions or concerns about visa requirements, the length of stay, or driving in Panama, We can provide expert advice and guidance. Schedule an appointment with us to discuss your specific immigration situation and ensure a smooth transition to living in Panama.

Disadvantages of Living in Panama

While Panama offers numerous benefits for expats, it’s essential to be aware of the potential challenges that may arise. This section will discuss the disadvantages of living in Panama, the impact of the «Mañana Principle,» and how to navigate bureaucracy effectively.

Language Barrier

The primary language spoken in Panama is Spanish, and while many locals and professionals can communicate in English, language barriers may still exist in certain areas or when dealing with government offices. Learning basic Spanish can greatly enhance your day-to-day interactions and help you integrate into the local community.

Cultural Adjustment

Moving to a new country means adapting to a different culture and way of life. Panama has its own unique customs and traditions, and adjusting to these cultural nuances may take time. Embracing the local culture and seeking opportunities to connect with locals can facilitate a smoother transition.

The «Mañana Principle» and Slower Pace of Life

Panama operates on the «Mañana Principle,» which means that things may not always happen as quickly or efficiently as you might expect. This can be frustrating for expats accustomed to a faster pace of life. However, embracing this cultural aspect and adopting a more relaxed and patient approach can help minimize stress and allow you to appreciate the laid-back lifestyle that Panama offers.

Navigating Bureaucracy

Dealing with bureaucracy in any country can be a challenge, and Panama is no exception. Government offices and procedures may sometimes involve complex processes and lengthy wait times. It’s important to approach bureaucratic matters with patience, perseverance, and a willingness to seek guidance from professionals who are familiar with the local system.

Working with an experienced immigration lawyer can help streamline the process and ensure that you meet all the necessary requirements. Anticipate your challenges or have concerns about the potential downsides of living in Panama, We are here to offer support and guidance. Schedule an appointment with us to discuss your specific concerns and receive personalized advice on how to navigate the challenges effectively.

Is Retiring to Panama a Good Idea?

As we come to the end of our exploration of expat living in Panama, let’s reflect on the pros and cons discussed throughout the article and provide final thoughts on whether retiring to Panama is a good idea for expats.

Reflecting on the Pros and Cons

Throughout this article, we’ve highlighted the many advantages of living in Panama as an expat. From its appealing cost of living and favorable immigration processes to its developed infrastructure and welcoming communities, Panama has much to offer. We’ve also acknowledged the potential challenges, such as language barriers, cultural adjustments, and bureaucracy.

Final Verdict on Retiring in Panama

Retiring to Panama as an expat can be a rewarding and fulfilling experience for those seeking a new adventure and a desirable lifestyle. The country’s natural beauty, favorable climate, and affordable cost of living make it an attractive choice for retirees. Moreover, the Pensionado program provides enticing benefits for retirees, including discounts on various expenses.

However, it’s essential to carefully consider your personal preferences, priorities, and circumstances before making a decision. It’s recommended to visit Panama and experience the country firsthand to determine if it aligns with your expectations and goals. Consulting with an immigration lawyer can also provide valuable insights and guidance tailored to your specific situation.

Encouragement for Potential Expats to Explore Panama

If you’re considering expat living in Panama, I encourage you to take the next step and explore the country further. Plan a reconnaissance trip to Panama, visit different regions, and immerse yourself in the local culture. Engage with the expat community, seek advice from professionals, and gather as much information as possible to make an informed decision.

Take the next step in your journey towards retiring in Panama or have any lingering questions, it’s time to schedule an appointment with us. As an experienced immigration law Firm, We can study your specific immigration case, provide personalized advice, and guide you through the process of making Panama your new home.

Resources and Next Steps

Congratulations on taking the initiative to explore the possibility of expat living in Panama! In this final section, I will provide you with some valuable resources and offer guidance on the next steps you can take to further your journey.

Useful Resources for Expats Considering Panama

  1. Embassy and Consulate: Contact the Embassy or Consulate of Panama in your home country for official information on immigration requirements, visa applications, and other relevant details.
  2. Expat Communities and Online Forums: Joining expat communities and online forums dedicated to Panama can provide a wealth of information and connect you with individuals who have firsthand experience living in the country. Websites such as Expat.com, InterNations, and Panama Expat Forum are great platforms to seek advice, share insights, and engage with fellow expats.
  3. Expat Blogs and Websites: Explore informative blogs and websites that offer detailed insights into expat life in Panama. These resources often provide personal experiences, tips, and practical advice to help you navigate your journey. Some popular expat blogs include «Panama for Real» and «PTY Life.»

Tips for Planning a Reconnaissance Trip to Panama

  1. Research and Plan: Conduct thorough research about Panama’s different regions, climate, and lifestyle options to identify the areas that align with your preferences. Create an itinerary that allows you to visit multiple locations, interact with locals and expats, and explore various amenities and services.
  2. Engage with the Expat Community: Reach out to expat communities and individuals through online platforms or social media groups. They can provide valuable recommendations, insights, and even arrange meetups during your visit.
  3. Consult with Professionals:Schedule appointments with a real estate agent and an immigration lawyer to discuss your specific requirements, gather information on property options, and gain insights into the immigration process. These professionals can offer valuable guidance tailored to your needs.

Final Advice for Those Considering the Expat Life in Panama

  1. Embrace the Adventure: Moving to a new country can be an exciting and transformative experience. Embrace the adventure, be open to new opportunities, and maintain a positive mindset throughout your journey.
  2. Stay Informed and Seek Professional Guidance: Keep up-to-date with the latest immigration policies and regulations in Panama. Consult with an experienced immigration lawyer who specializes in Panamanian immigration to ensure that you have accurate and reliable information for your specific circumstances.
  3. Take the Next Step:Now that you have gained valuable insights into expat living in Panama, it’s time to take the next step. Schedule an appointment with us to study your immigration case and receive personalized advice on the best path forward.

Remember, each individual’s immigration journey is unique, and seeking professional guidance can greatly simplify the process and ensure a smooth transition to your new life in Panama. We wish you all the best as you embark on this exciting chapter of your life. Don’t hesitate to reach out if you have any questions or require further assistance along the way. Safe travels and good luck!


Deja un comentario