But there is a lot you should be aware of if you are considering living in Panama. It’s why I wrote the book THE NEW ESCAPE TO PARADISE: OUR EXPERIENCE LIVING AND RETIRING IN PANAMA.
Panama isn’t LA or Miami or Milwaukee. It is different. A common phrase you will hear gringos [In Panama “gringo” is not a derogatory term, just a descriptive term of a generally Anglo person who does not speak Spanish.] use is, “This is Panama!” That phrase describes a lot.
As one expat put it,
What do I think of Panama? My local Chinese doctor said it best. There is a certain energy in Panama. If it suits you, you are happy here. If not, you are not happy. No one follows the rules, no one even seems to know the rules. When asked what the rules are, everyone gives a different answer. My friend the libertarian loves it. Me, I prefer Chile. The rules there are well defined. Everyone knows them. If you do something wrong you get caught quickly, and released quickly. Here the rules have lots of different interpretations. Almost no bribery, just different interpretations. Panama is great for some, not so great for others. It all depends on who you are. Remember “This is Panama”
How do you know if Panama is something you should consider?
First, THE NEW ESCAPE TO PARADISE: OUR EXPERIENCE LIVING AND RETIRING IN PANAMA is a great place to start! I’ll share our experience. I’ll show you how to figure out what you really want, how to sort through countries and decide what’s best for you. I’ll tell you what I love about living here, and what I don’t like. Here are things that you must know if you are considering picking up and moving to Panama! This book can save you from spending hundreds of thousands of dollars and making a big mistake! Here’s why people come to Panama and why they leave. Here are some of the comments about Escape to Paradise.
Why the “New” book? Simple: we’ve lived here for ten years and over those ten years have seen a LOT of changes! What was true seven or four years ago, isn’t true today. MUCH of what you read on the Internet is outdated information! The “New” book is loaded with current information that you need to know!
Second, as part of your due diligence, consider taking the Panama Relocation Tour. It’s not my business, but a project of a friend. I’m not paid to recommend it, but it is the best boots-on-the-ground tour of Panama that I know of. No one is trying to sell you anything! You aren’t captive to real estate promoters. You are actually traveling around Panama, seeing what life here is like, meeting with expats who will give you honest answers. This is not a “conference” where you sit in a fancy hotel ballroom in a grand hotel in Panama City and here paid presenters describe “opportunities”. You’ll meet real Panamanians, talk with real expats, meet with an attorney, learn how to open a bank account, stay in luxury hotels and in typical Panamanian hotels, eat at “gringo” restaurants, and eat where locals eat, visit shopping areas and see what is, and isn’t available.
Third, before you sell all, come to Panama, rent a place in the area you think you’d like to live. Actually live here for three to six months, not just as a tourist, but as a resident to see what life in Panama is really like.
It’s not a quick fix! It takes some investment and work! If you want to be successful in a new life in Panama you don’t just wake up one day and say, “Let’s move to Panama!”