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Panama Starter Package - LAFFF

Panama: Live the American Dream Abroad

Panama provides a fascinating blend of affordable cost of living, excellent healthcare system, trustworthy business environment, exciting and diverse culture, stunning natural beauty, and enviable climate for people seeking to live abroad. So, why not consider Panama as your next chapter in life?

One of the most appealing aspects of Panama is its low cost of living, which enables individuals to lead a comfortable life without breaking the bank. Housing, transportation, and daily expenses are significantly more reasonable compared to many American cities.

Moreover, Panama is a safe, vibrant, and exciting country with a low crime rate, a growing economy, and a thriving tourism industry.

This country is ranked 3th in the list of the best countries to live, according to International Living 2023.

What makes Panama attractive to Americans?

Low cost of living:  One of the biggest draws of Panama for Americans is its low cost of living. The cost of housing, food, and transportation is significantly lower in Panama than in the United States.

A privileged location: Panama is located just 400 miles south of Miami, and the flight time from this city to Panama City is only about 4 hours. The country is connected to both the Atlantic and Pacific Oceans by the Panama Canal, which is one of the most important shipping routes in the world. This makes it easy for businesses to trade with countries in North America, South America, and Europe.

Favorable business climate: Panama has a favorable business climate, with a low corporate tax rate and a relatively open economy. This makes it an attractive destination for American businesses that are looking to expand into Central America.

Infrastructure: Panama has been investing heavily in its infrastructure in recent years. This has led to improvements in roads, ports, and airports, which can make it easier for businesses to operate in the country.

Investment in technology: The Panamanian government is investing heavily in technology, with a focus on developing the country’s digital economy to attract more foreign investment. The country has a modern telecommunications infrastructure, with a well-developed fiber optic network

Stunning natural beauty: Panama is home to a variety of stunning natural attractions, including the Panama Canal, the rainforest, and the Pacific and Caribbean coasts. The country also has a pleasant climate, with warm weather year-round.

 

What will you find in the country content?
  • Expat Essentials articles on: Real Estate, Cost of living, Healthcare, Banking. Visas

  • Professional resources in: Real Estate, Visas/Immigration, Healthcare/Insurance, Education/Language

  • LAfFF coaches living in the country: 3

  • Expat videos and podcasts commenting on their experiences living in the country

  • New articles every month with updated information on the different topics of interest to you.

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