The 2021 Cultural Handbook

LIFE IN

Valuable inside knowledge from Veteran Expat on Retirement, Relocation and Travel.

BY MICHAEL FLORA L I F E I N P A N A M A

W H E R E Y O U R J O U R N E Y T O K N O W L E D G E B E G I N S

IF YOU ARE AMONG THOSE WHO RECENTLY DECIDED TO MOVE TO PANAMA, YOU COULDN'T HAVE MADE A BETTER DECISION.

Recently, many people are considering moving to Panama. That is mostly because Panama is a beautiful place with a vibrant culture. Besides that, this area is very unique, and you can easily find everything you want. The costs of living are very low. Which means that for a small price you can find whatever you need. When it comes to , they are generally very welcoming and friendly toward foreigners. And aside from the warm local population, there is a large expat population. So if you decide to relocate to Panama, it’s easy to find guidance and friendship from others who have been in a similar spot in the past.

F R E E D O M A W A I T S Y O U

P A G E T W O | F R E E D O M C O N T E N T S

Why move to 0 7 Panama?

Education 1 8

Places to Discover 3 0 in Panama

Settling in after the 4 5 Move

Should you move to 5 2 Panama?

P A G E T H R E E | C O N T E N T S A B O U T T H E B O O K

M o v i n g t o P a n a m a i s p e r h a p s o n e o f t h e s m a r t e s t d e c i s i o n s y o u c o u l d e v e r m a k e . I f y o u a r e i n t r i g u e d t o k n o w w h y a n d h o w t o d o i t r i g h t , k e e p r e a d i n g t h i s i n f o r m a t i v e g u i d e . P a c k e d w i t h o v e r a d e c a d e o f e x p a t i n s i d e r i n f o r m a t i o n , i t w i l l p r o v i d e y o u w i t h a l l t h e e s s e n t i a l s r e q u i r e d t o p r e p a r e y o u f o r y o u r r e l o c a t i o n , r e t i r e m e n t , a n d e v e n t r a v e l t o P a n a m a .

" Your one step closer towards finding a perfect living destination! "

PANAMA

P A G E F O U R | A B O U T L I F E I N P A N A M A

INTRO

This short, but information-packed handbook will give you the information needed to live in Panama and what to expect. Moreover, I will talk about the main questions I receive from clients where I outline them for you in a compact, interesting and educational read, where you will learn everything there is to know about Panama, and how to make life better both for you and your family.

Although Panama has both good and bad sides, it is a place that you will love. While you can find plenty of other wonderful places to live, there is more to Panama than it meets the eye at first glance. You just have to give it a chance and believe!

With that in mind, you probably have too many questions swirling around your head. Well, here is where you can get almost every question answered. This custom guide to Panama has the purpose of educating and preparing everyone who decided to make this wonderful country their new home!

P A G E F I V E | I N T R O PANAMA

Panama offers year around tropical weather, a booming economy, first world medical care, a strong infrastructure, low cost of living and many tax advantages. Poised at the junction of North and South America, its one of the most exciting places to visit or reside in . In recent years, home and condo sales have been increasing in demand, driven by an influx of foreign buyers who have chosen this country as their top pick for investment, second home or retirement property destination.

All the beauties of the Panamanian lifestyle are at your hands reach, you just need to stretch out your hands and grab them. Buckle up, and join me on this short but information-packed ride! You have a chance to get to know what living in Panama really means. Here are your front-row seats to this unique experience.

P A G E S I X | P A N A M A R E N T I N G O R B U Y I N G A H O M E I N P A N A M A

WHY MOVE TO PANAMA

T O P R A N K E D P L A C E S T O R E T I R E O R L I V E

Although it might come as a surprise for many, Panama is actually a wonderful place to move to. Let me quickly elaborate on all the benefits of living in Panama. Once you know what they are, it won't come as a surprise to you that Panamanians are known as the happiest people in the world! Consequently, you too will wish to own a Panama property.

LOW LIVING COST

At the top of the list is the low cost of living. It is substantially lower if you compare it to Europe and the Northern Hemisphere. The average monthly salary varies between $600 and $1200. It is also important to mention that the living expenses are about 25% lower than that of an average US city. The cost of Panama homes and condos is quite affordable. For that reason, check out Panama's real estate website and find a place for you!

P A G E S E V E N | C O S T O F L I V I N G L I F E I N P A N A M A

RELOCATING

Now that you understand the basic requirements of moving from the United States to Panama, let’s talk about the relocation and how to find someone who will assist you in the process.

When it comes to the actual process of moving from the U.S. to Panama, there are a couple of things you should know.

Take some lessons in Spanish, you will need it sooner than you think. Hire a licensed lawyer to help you in the search for Panama homes. It will be easier to close a good deal if you have a local on your side. When picking a moving company, always look for someone with experience and knowledge. Have in mind that the dry season is from January to May.

When looking for a way of transportation for moving to Panama, relocation by plane is by far the most enjoyable one. With that in mind, contact the crew from peasleyboisemovers.com to help you look into different options for shipping your belongings.

Furthermore, make sure your passport is valid for more than six months from the date of entry.

P A G E E I G H T | R E L O C A T I N G L I F E I N P A N A M A

SAFETY

Before talking about anything else, it is crucial to discuss crime and safety in Panama. One of the major concerns for anyone moving to a foreign country is safety. When it comes to Panama, we must be realistic. According to the U.S. Department of State Travel Advisory, Panama has a considerable level of crime. Nevertheless, when compared to other Central American countries, it is still a safer place to live.

Even though this sounds scary, if you apply common sense and best practices, there is no reason to be afraid. For starters, always look for a place in a gated neighborhood. Apartments and buildings with security are the best way to protect your loved ones. Another advice is to stay in urban areas since rural parts are more targeted due to the lower living standards, lower income, and lower police presence. Furthermore, follow common sense and avoid drugs, and suspicious people or strangers. As long as you stay in secure communities, there is no reason to be afraid.

However, there are some good practices when it comes to crime and safety in Panama. First of all, you cannot get a residency if you were previously convicted of a felony. Whoever plans to come to Panama in order to escape justice, or run away after a crime, that is not recommended. The US Embassy has strong connections here, and the US police work closely with Panamanian authorities in preventing criminals from living here.

P A G E N I N E | S A F E T Y L I F E I N P A N A M A

HEALTH

Taking care of your family's health is always a top concern. If you are moving to Panama, the good thing is that you have full medical expenses paid for the first 30 days of your residency. After that, you may purchase one of many medical health insurance plans.

When it comes to health care, Panama offers plenty of possibilities. Prices are way lower than in the US, and that is great news for everyone’s wallet. To give you an example, going to a private doctor for an examination is somewhere between $10 and $12 dollars. If you decide to pay a visit to government facilities, a visit to a doctor’s office will cost you only $1. That sounds like a dream come true. And, best of all, health care phone lines are open 24 hours a day.

You can find almost all medication in pharmacies, although the names might be a bit different. Nevertheless, you can always find what you are looking for by using the medical name.

Laboratory charges are also low, and the same applies to minor surgeries. Furthermore, one of the reasons why many people choose to visit Panama is cosmetic surgery. The cost is affordable, and you even get a 10%-15% discount on a designated day of the week

P A G E T E N | H E A L T H L I F E I N P A N A M A

ECONOMY

The economic status in Panama is very stable, especially with the , that powers the economy. The Worldwide economic crisis didn't have any effect on Panama, and for that reason, the economy stayed strong and it keeps growing.

Most of all, Panama is a haven for investors and business owners. Their constitution protects both domestic and foreign investors, and the same rules apply to both groups. Furthermore one of the best things about Panama is that you can easily apply for citizenship and permanent residency.

Another important piece of information for all company owners in Panama is that labor is substantially cheaper than in Europe, Canada, and the US.

P A G E E L E V E N | E C O N O M Y L I F E I N P A N A M A

BANKING

Another sector where you really must know what you are doing is banking. Doing business with banks in Panama is a tricky process, ,especially because banks have more financial paperwork for foreigners, with the new FACTA reporting guidelines. Setting up an account will be a process, and you usually require a written letter of reference from two banks in your home country, and a valid passport.

Even though the banks may give you the run around for additional documents, it is important not to give up.

Note: International checks are limited by banks for deposits amounts, and can take up to 2 to 3 weeks to clear funds.

There are plenty of ATM machines in Panama and you can draw funds if necessary. Banks also can give you cash withdraws on your credit cards as well.

Western union and money gram are located in every town, and can be used to send or receive money.

Most every store accepts clave debt cards, and credit cards. Please take in to effect that Discover and American express are not accepted in 90% of retail.

P A G E T W E L V E | B A N K I N G L I F E I N P A N A M A

INCOME TAXES

One of the many benefits of living in Panama is very low taxes. Here are some interesting facts about income tax rates in Panama:

All income made outside of Panama is tax-free

The income taxes in Panama are lower than in Europe and in the majority of the countries in the Western Hemisphere.

If you are earning income inside the country and earning less than $11,000 its tax-free.

If your earnings incomes are between $11,000 and $50,000, there is a a 15% tax rate.

And for everyone earning above $50,000, the tax rate is a set 25%

Property taxes are zero on some properties having 20 year tax exemptions. The base rate is on primary residential properties has a $200,000 exception.

Sales taxes on products, goods and services are 7%, but food, medicine, and medical is tax free.

P A G E T H I R T E E N | I N C O M E T A X E S L I F E I N P A N A M A

RESIDENCY

One of the most recommended types of visa is a Pensionado visa, also known as the retirement residency. You will need several items to apply for this process.

Confirmation from a foreign company that you have guaranteed income for life with documents to validate the existence of the company. A copy of the proof of pension payments or a statement of account from a bank will also suffice.

The reason why this type of residency is so popular is that you have an array of discounts. These discounts are not offered anywhere else and are perfect for retires trying to live off a fixed income. You receive great benefits such as 50% off on entertainment events like movies, sports activities, concerts, etc. 20-30% off on all fares for plane travel, bus, train, and boat transportation. Plus 15% discount in all restaurants.

One of the best benefits is receiving 25% reduction on utility bills. There is also 20% discount on medical, dental, eye exams, prescriptions, and hospital bills.

P A G E F O U R T E E N | R E S I D E N C Y L I F E I N P A N A M A

VISAS

Just like when relocating anywhere in the world, there are some essential steps that you must follow when moving to Panama. You will also need the required documents to qualify.

There are different types of visa you can apply for when moving from the United States to Panama:

Pensioner visa Friendly nations visa Reforestation investor visa Professional employment visa Self-Economic solvency visa Business Investor visa Visa for parents of a child born in Panama Visa for married citizens Missionary or Student

It is crucial to mention that Panama has an array of different visas, so be sure to research them to find the one that suits you most.

Each visa has different documentation requirements, make sure to consult with an attorney to verify which one is right for you.

P A G E F I F T E E N T H | V I S A S L I F E I N P A N A M A

LEGAL

Finding a good trustworthy lawyer that speaks English is a very important first step in your relocation. As a matter of fact, that is a good piece of advice for all newcomers. Administrative work and legal services are sometimes quickly done, but on other occasions, can take forever.

You should always use an attorney when setting up a corporation, getting a business license, purchasing property, or applying for immigration services.

Getting your documents in order and submitting them in Panama on a timely manner can be very intimidating and stressful process.

So with that in mind, we can recommend some attorneys that can help you breeze through the all the process. The legal agenesis we provide are trustworthy, honest, and have a lot of happy expats using their services. Contact us if you need Help.

P A G E S I X T E E N | L E G A L L I F E I N P A N A M A

CARS

With all that has been said about the infrastructure and transportation services in Panama, renting or buying a car can be a smart investment. It all depends on what you need the car for. Renting a car is around $600 a month, and it is a necessity if you are far away from the town.

If you wish to buy a car, you should know that most of the people drive Japanese cars such as Toyota, Honda, Hyundai, or Kia. With that in mind, if you decide to buy any other car, you might have trouble finding parts, or even mechanics who can repair them.

When it comes to importing cars, if you are using a Retirement Visa, you are eligible for duty tax exemption every two years.

It is also important to talk for a moment about insurance. The insurance fees are pretty much the same as in the United States.

P A G E S E V E N T E E N | C A R S R E N T I N G O R B U Y I N G A H O M E I N P A N A M A

EDUCATION

Even though there are some inequalities when it comes to the educational system in Panama, the level of education is high. The literacy rate is around 93%, which is substantially higher than in other countries in the region. In Panama, education is regulated by the Ministry of Education. The education system is divided into two levels:

Primary education includes pre-school levels, pre-kindergarten, and kindergarten. It is for children between 4 and 5 years of age, and attendance is not compulsory.

Elementary school, also known as primary school, lasts for six years, and it is for children between 6 and 12 years of age. After that, it comes to secondary school from the ages of 12 to 15 years old. In the end, all children get a school-leaving certificate.

When it comes to high school, it lasts for 3 years, and it is for children from 15 to 18 years of age. At the end of the education, students receive a Bachelor’s degree diploma. They can specialize in business, literature, science, technology, livestock, and agriculture.

P A G E E I G H T E E N | S C H O O L I N G L I F E I N P A N A M A

ENROLLMENT

It is important to understand that schools in Panama mostly follow a program in the Spanish language. Nevertheless, there are some schools that also have classes in English. As a rule of thumb, Spanish schools are cheaper. Here are the requirements for enrolling your children:

Birth certificate Health certificate – requires a visit to a doctor in Panama for kindergarten, a proof of finished preschool 3 passport-sized photos – available to get in any pharmacy Parents’ identification card copies Credits and accumulative records from all previous schools Letter of conduct from any previous school For high school, they need a certificate about the completion of 9th grade

Records of any taken classes or courses – useful for university enrollment. It is crucial to bring school records with you. Some schools in Panama may refuse to reach out to the previous school to get the records themselves. It is smart to acquire them before you leave your country.

P A G E N I N E T E E N | S C H O O L I N G L I F E I N P A N A M A

SCHOOLS

The enrollment costs for private schools are somewhere between $2500 and $5000 dollars per year, with another $500 in fees for school books, supplies, id card, insurance, and inscription fees.

This is just a ballpark example of what you may expect in primary schools. Secondary schools are a bit more expensive, but not too much.

If you have more than one kid, there are discounts where you don’t have to pay for each fee. Also, some schools provide a refund to parents based on their children’s grades.

Here are a few client recommended schools to check out:

Balboa Academy The Oxford School Panama Coast International School Coronado International School Kings College

P A G E T W E N T Y | F E E S L I F E I N P A N A M A

SPANISH

Another great advice when it comes to living in Panama is to learn Spanish. Since everyone speaks it, you will do much better if there are no communication issues. If that isn’t enough for you, Spanish is a language of passion.

As you can imagine by now, Panama is a fun place for singles. It is also quite common to practice a relaxed atmosphere. Whatever plans you make with friends, you can expect them to be a little late. Fun time lasts till the morning hours, so there is no reason to rush anywhere. Furthermore, you can never know what the night brings. If you plan to go to a house party, you can also expect to wake up on a beach, surrounded by friends sitting by the fire, drinking, dancing, and having all sorts of fun.

There are many spanish learning schools in the country, to help you learn. You can also take classes online, hire a private tutor, purchase rosette stone, or partner with a friend.

P A G E T W E N T Y O N E | S P A N I S H L I F E I N P A N A M A

WEATHER

Even if you have never visited Panama, you can guess that the weather will be hot most of the time. A tropical maritime climate really makes it enjoyable to spend days in Panama, and gray days are a rarity in these regions. At the sea level, it is usually warm and humid, but if you head out to a mountainous region, it can get a bit colder.

Furthermore, Panama has its share of rainy days. The Pacific coast gets around 50 to 70 inches of rain per year, while in the Caribbean region and in the mountains it goes above 100. Most of the time afternoons can get rainy, but it is pretty sunny after.

The average temperature is around 88 degrees Fahrenheit before the sunset, and around 78 after. The overall temperature in the mountains is lower for about 10 to 15 degrees.

Time Zone and daylight savings - Panama is in the Eastern Standard Time Zone. Daylight Savings time has never been used in Panama, and the clocks do not change.

P A G E T W E N T Y T W O | W E A T H E R L I F E I N P A N A M A

HOLIDAYS

Get familiar with the holidays - Panama also celebrates many exciting holidays. If you like a festive atmosphere, accompanied by tasty foods and refreshing drinks, as well as local customs, you will like holidays in Panama.

01 January New Year's Day 09 January Martyrs' Day 25 February Carnival 10 April Good Friday 01 May Labor Day 03 November Separation Day from Colombia 10 November Uprising of Los Santos 28 November Independence Day from Spain 08 December Mother's Day 25 December Christmas Day

P A G E T W E N T Y T H R E E | W E A T H E R L I F E I N P A N A M A

LIFESTYLE

You will notice quickly that Panamanians apply a healthy and happy lifestyle. The sports community is extremely developed. First of all, you can find an abundance of gyms across the country. Power Club or Planet Fitness, to name a couple. Second, not only can you join a gym at affordable prices, but you can also practice any sport you can think of.

Furthermore, there are all kinds of events and activities that you can participate in, like salsa, running, hiking, biking, Ironman competitions, golfing, etc.

It is also important to say that you can become a part of various communities. Whether you like animals, human rights, recycling, you can find it all. The music community is also quite developed, and you can attend different concerts for fun and entertainment.

P A G E T W E N T Y F O U R | L I F E S T Y L E L I F E I N P A N A M A

TRANSPORTATION

One crucial thing to know is that transportation can be a nightmare in Panama. Most locals is use the WAZE app to find their way through the streets of Panama.

When it comes to taxi services, you can choose between Uber, Lyft, and private services. Aside from taxi services and metro, you can use internal and transit buses. The main terminal is located in Albrook mall. Private bus lines like City Bus can take you anywhere in the country.

Furthermore, there is an internal airplane service called Air Panama.

The toll system is called Pana Pass, and it is tied directly to your car. You can easily add money from your credit card or simply pay at a paying station.

P A G E T W E N T Y F I V E | T R A N S P O R T A T I O N L I F E I N P A N A M A

WORKING

To work in Panama you will need a special permit as a foreigner, the below checklist will guide you on whats needed to start the process.. The government has rules about only 10% of of employees working for the company's can be foreigners.

As mentioned before, there are certain requirements to obtain a work permit in Panama. Believe or not, there are 11 different ways you can apply. The actual process goes like this:

Your attorney fills in and submits the Panama Work Permit application. The future employer in Panama must submit a Letter of responsibility. You also need the Original of the future full-time Employment Contract and two copies. Next, you must submit a Certificate of School Records and Professional Experience. It must be legalized by a Panama Consul or by the internationally recognized Apostle. Finally, you need eight passport-sized photos.

P A G E T W E N T Y S I X | E N T E R T A I N M E N T L I F E I N P A N A M A

RENTING

When it comes to renting a property in Panama, it is important to read this advice. It will help you in picking the best place and avoiding unpleasant situations. I recommend this checklist so that you can maintain the modern lifestyle you are accustom too.

Most clients look for a home with hot water. Is there a reserve water tank? If no, that can be a problem during the dry season. Most of the time there is no pressure, or it is very low. When renting condos in tall buildings, always check if there are a backup generator in case of emergency. Check if the property has all the necessary comforts, like a washing machine, dryer, and a regular- sized refrigerator. Some houses have small fridges, and you will have to go grocery shopping multiple times a week.

Most long term rentals do not include cable TV or internet connection, so check that with the landlord. It is imperative to have a cooling system during the many hot days. Most of the properties may not have air-conditioning, in every room. Before you rent a place, check if it is operating properly. Request that your lease agreement is translated to English before you sign it. Read everything carefully. Pick your location carefully depending on your lifestyle. If you don’t own a car, look for places that are close to transportation.

If looking for a rental between December and March, you should know that it is a high-demand season. There are fewer places on the market, and landlords usually double the prices. If you wish to find something affordable and have a better selection, look for a place in the off season.

P A G E T W E N T Y S E V E N | T R A N S P O R T A T I O N L I F E I N P A N A M A

BUYING

Lets talk about the main aspects of purchasing your first property in Panama, and how to make life better both for you and your family. Make sure to confirm the title of the property, ask the seller to send you:

The Title, also known as the public deed – Escritura. The Ownership and Encumbrances Certificate, also known as Certificate de Registration, which is issued by the Public Registry.

Do not buy property without a survey, this is important advice to follow. If you are considering purchasing land that has not been surveyed before, make sure to do it before you finalize the deal.

To enter into an agreement for purchasing Panama property, you will need the following items:

Promise to Buy Purchase and Sale Contract Copy of your Identification Down Payment Deposit

You can transfer the title either with the help of a lawyer, or the Notary Public. You need to submit the old title and the rest of the documentation. Once that step is done, the Notary will type the new title and the new owner’s name, description of the property, the location, and any other specifics.

The final step of buying real estate properties in Panama is to record the purchase at the Public Registry. It takes about 10 days for the process to be completed. In the end, you will get a signed and stamped deed showing ownership.

P A G E T W E N T Y E I G H T | B U Y I N G L I F E I N P A N A M A

PROPERTY TAXES

New property or existing properties with values of $120,000 or less, will be exempted from paying real estate taxes. Any amount from $120,000 up to $700,000 will be taxed at only 0.5%, and amounts of $700,000 and up will be taxes at 0.7%

The recent 2019 reform establishes that properties that register as primary residence will benefit from a reduction of more than 60%. The project also establishes the elimination of the 20 year exemption for new improvements of real estate.

Home Owner Tax Rates

0.00% on the taxable base up to $120,000.00 (Tax Exempt) 0.5% on the taxable base over $120,000.00 to $700,000.00 0.7% on the taxable base over $700,000.01

Commercial Real Estate, Industrial, Additional Residences

0.00% on the taxable base up to $30,000.00 (Tax Exempt) 0.6% on the taxable base over $30,000.0 to $250,000.00 0.8% on the taxable base over $250,000.01 to $500,000.00 1% on the taxable base over $500,000.01

P A G E T W E N T Y N I N E | P R O P E R T Y T A X E S P L A C E S T O D I S C O V E R

A L I F E C H A N G I N G E X P E R I E N C E T OAPS R TAONLKDE BD Y P AL ANCDERSE WT O S RI ME MT IORNES O R L I V E I N P A N A M A

The next most popular area is the beach town C O R O N A D O of Coronado a well-developed expat community on the Pacific Coast of Panama. It went a long way from a few sleepy ranches opened in the 1940s, only to become one of the more popular locations for First World tourists.

With a laid back lifestyle, it has shopping centers, hospitals and many resorts with even Panamanians like spending their vacations on the crystal clear beaches of Coronado.

Pedasi a well-preserved secret of locals until expats discovered it! Since then, the tip of the Azuero Peninsula has become a host for many families.

Nevertheless, this small town was able to preserve its captivating atmosphere. It is a prime example of rural living, with miles of beaches covered in silky sand and clear sky- blue ocean water. P E D A S I

P A G E T H I R T Y | P L A C E S T O D I S C O V E R R E N T I N G O R B U Y I N G A H O M E I N P A N A M A

PANAMA CITY

If you are looking for a perfect combination of a suburban lifestyle within an urban environment, Casco Viejo in should be your first place to look if you want diversity, nightlife and culture.

The real estate sector is also booming, in areas such as El Cangrejo, Obarrio and Punta Pacifica.

The city has great infrastructure connections with the rest of the country. The skyline is just amazing to look at, as well as beautiful parks and luxury avenues. Since these neighborhood are on the rise, you can also enjoy a fantastic dining and shopping experience.

P A G E T H I R T Y O N E | P A N A M A C I T Y B U YPP ILLNAAGCC EE SS R E A L TT OO EDDSII TSS ACC TOOEVV EE RR

A L I F E C H A N G I N G E X P E R I E N C E R E N T I N G O R B U Y I N G A H O M E I N A S T O L D B YT OAPN DRRAENWK E SDI MP ML AOCNESS T O R E T I R E P A N A M A O R L I V E I N P A N A M A

Another contender worth looking into is Boquete, one of the most popular locations B O Q U E T E for ex-pats. Amazing flowers, coffee and fresh vegetables.

Boquete was always known for the real estate possibilities it offers to its residents. What's even more impressive is that Boquete is expanding rapidly! Anyone looking for mountain lifestyle or retirement options should look no further.

If you are looking for a boaters paradise with an island vibe, night life and Afro-cultural atmosphere complete with local markets, full of local products, then this is the place for you.

Bocas Town’s offer some of the best beaches with year long fishing and surfing. Its beaches are covered in silky sand and clear sky-blue ocean water.

B O C A S D E L T O R O P A G E T H I R T Y T W O | P L A C E S T O D I S C O V E R L I F E I N P A N A M A

SHOPPING

If you are a shopaholic and you wish to exercise that fun activity, there are some differences when shopping in Panama. Since everything is in Spanish, all of the brands are different. That is just something you will have to get used to. When shopping for groceries, try avoiding the US brands. There is nothing wrong with them, but the prices are doubled when compared to local goods. One fantastic thing is that the vegetables and fruits are beautiful and tasty, and most of all cheap. When it comes to malls and supermarkets, you will be amazed by the array of possibilities. When it comes to malls, they are world-class. The best places to shop are:

Albrook Mall – It is easy to find it, Albrook Mall is right next to the Panama City Bus terminal. A favorite place not only for locals but for tourists as well, this mall is abundant with quality goods at affordable prices.

Multiplaza Mall – If you head out to Pta. Paitilla Ed Torre del Mar, 8- B., you are in for a grand experience. This huge, ultra-hip mall has over 280 shops. You can find different department stores with clothes, tech, jewelry, and much more. If you are tired from shopping, you can spend a few hours at a cinema, or visit one of 47 restaurants to have a tasteful dining experience.

Multicentral Mall – Avenue Balboa at Punta Paitilla “hides” a four- story upscale mall. Its targeted customers are both Panamanians and tourists in search of international designer merchandise. At breaks, you can enjoy the drinks and the atmosphere of the famous Hard Rock Café.

P A G E T H I R T Y T H R E E | S H O P P I N G L I F E I N P A N A M A

MALLS

Alta Plaza Mall - Alta Plaza Mall is the newest addition to the shopping life in Panama. You can find it in Vía Centenario Panamá, and it opens at 11 AM. This modern mall offers a variety of services, from beautiful restaurants and coffee houses, over 300 stores for shopping, to a cinema and a very famous Riba Smith Supermarket, where you can get authentic Panamanian breakfast food for a cheap price. Best of all, there is a lot of free parking space, both inside and outside.

El Dorado Mall - If you are not a local, there is a chance you might miss this small, but fantastic mall. It is located in Tumba Muerto, Panama City. What makes this place so special are the different vibes you can experience while shopping. The biggest store is Saks, but there are also smaller stores where you can shop. One of the issues El Dorado Mall had was a lack of parking space. However, that was resolved by building a new garage! Now you can enjoy shopping without any worries!

SOHO Mall - If you head out to Calle 54 in Panama City, you will discover an upscale mall full of amazing merchandise. A word of advice, do not go here if you are looking to bargain about the prices. SOHO mall is a high-end shopping experience, meant for anyone who does not mind spending a few dollars more.

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ENVIRONMENT

Since Panama joins worldwide push to ban plastic bags and single use plastics, it becomes the first country in Central America to ban single-use plastics. It joined over 60 other countries that have either totally or partially banned them. So, if you are looking for some advice for relocating to Panama, where can you find a better reason then this one?

When this ban was introduced, Panama became an even more desirable place to live. Latin America is one of the most bio- diverse regions in the world. And now this Latin American nation has taken a big step to protect that biodiversity.

So remember to take your bags with you when you go shopping, or you can buy them in the store.

P A G E T H I R T Y F I V E | E N V I R O N M E N T L I F E I N P A N A M A

DINING

Locals are true connoisseurs when it comes to a dining experience. Restaurants are quite popular, and the majority of the trendy restaurants are located in Casco Viejo, also known as The Old Town. These restaurants are filled with incredible Caribbean- styled food, bringing warm experiences to the table. The variety of seafood available will blow your mind.

You can virtually find food from every origin of the content in Panama. From Venezuelan, Colombian, Cuban and Chinese, these are the original recipes that will have you coming back for more.

Note: Another important information is to download an app called Degusta. You can get up to a 50% discount in most of the restaurants. However, that does not include liquor.

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ENTERTAINMENT

If you are looking for ways to have fun in Panama, there is plenty of interesting activities on the menu. For all of you cinema lovers, it is important to know that all the movies are in English and Spanish. A standard ticket price is around $6.50, and on Wednesday you have a 2 for 1 action. If you like shows and concerts, well there always happening around town. Make sure to check ticketplus for current venues.

If you like going out, there are plenty of night clubs, bars, and restaurant for you to enjoy. Many of the malls are the big places to hang out with everything in one place. You can also take a trip out to the Amador, where you can see amazing views of the city from this small island hot spot.

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FISHING

There are a number of lures to hook a person on Panama, but great sport-fishing in its coastal waters is perhaps one of the most universal. Whether it’s for the thrill of the reel whizzing out to a massive marlin, or the truly delectable pleasure of fresh caught yellow fin tuna seared and served with a splash of soy sauce, the fish of Panama have made a bit of a name for the area.

Because the continental shelf falls away sharply quite close to the coast, in some cases as close as one kilometer out, deep waters are easily accessible and bring big catches.

For the sport and leisure fisherman, this means a plethora of catches to be hauled aboard virtually year-round, just minutes from shore. Sailfish, amber-jack, rooster-fish, grouper, Spanish mackerel and red snapper are in steady supply throughout the year. Other species, like mahi-mahi (a.k.a Dorado or dolphin-fish), wahoo and tuna peak seasonally during the region’s summer months, from November to April.

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BOATING

Thinking about relocating to Panama, but dont know what to do with your boat. Well Panama has you covered with several affordable marinas spread out through the country.

Flamenco Yacht Club - Panama City Amador Marina - Panama City Shelter Bay - Colon Vista Mar Marina - San Carlos Buenaventura Marina - Rio Hato Redfrog - Bocas del Toro

These marinas are equipped with all the modern comforts you require when docking your boat. Most can accommodated yachts up to 120 foot.

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GOLF

If one of the main reasons for relocating to the fabulous country of Panama is golf, then you should look at the highly rated courses at the beaches. The rise of golf in Panama has led to developers building high quality housing developments which are extremely popular with expats.

Club de Golf - Panama City Santa Maria - Panama City Tucan Resort - Panama City Summit Resort - Panama City Coronado Resort - Coronado Vista Mar Resort - San Carlos Casa Mar Resort - San Carlos Bijao Resort - Santa Clara Mantarray Club - Rio Hato Buenaventura - Rio Hato Valle Escondido - Boquete Lucero - Boquete

Golf courses have begun springing up across the country, with some of the world’s top course designers wanting to be part of the golfing boom that is taking place in the small Central American country.

P A G E F O R T Y | G O L F L I F E I N P A N A M A

RACE & POLITICS

It says a lot if we tell you that Panama was voted the friendliest country in the region. There is no racism, and everyone is treated the same, no matter their race, the color of skin, age, or gender.

It is a truly nice place to live, and the atmosphere is very positive. Since Panama is a highly religious country, it is also important to notice that they have strong gay and transgender communities, where everyone can practice their beliefs, and live a safe and happy life.

When it comes to politics, it is best to avoid it. Any politics-related activities come with a lot of challenges. Overall, it is a harsh and brutal environment, and it is best to live your life not meddling in these types of things.

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ROMANCE

Panama is an exotic country. And, as you can safely assume, all exotic locations are perfect for love and romance. However, love life in Panama is a bit different. First of all, it is recommended that you have a strong marital connection with your spouse before coming here. Otherwise, your marriage might be put to the test.

It is not that we are trying to scare you, but there are some things you just have to get used to. For example, it is quite common for younger girls to date older men. As a matter of fact, Panama is the perfect place for singles. There are 3 single women to one man, so your options are open. All dating apps are popular, with Tinder holding the top spot.

Furthermore, remember that Panama is a country of Latinos. Their women are passionate and exotic, so you can expect a lot of jealousy. Still, all families are strongly connected. For example, if you live in the US, it is a common situation that teenagers move away from their parents once they turn 18. Here, the situation is quite the opposite. Both girls and boys usually stay with their parents until they get married. It is quite common to see 30-year- old people still living with their parents.

P A G E F O R T Y T W O | R O M A N C E L I F E I N P A N A M A

DATING

When it comes to dating, there is another Latino aspect that really comes out on top. You better learn Spanish and how to use technology! In Panama, most of the dating has gone online. It is simply not possible to date if you don’t create your profile. So use apps such as Badoo and Tinder to get you better results and more dates.

The general rule is, if you don’t want to dance, there is someone who will! In other words, if you don’t learn how to move your hips to the sounds of Latin rhythm your chances are slightly lower of hooking up.

Most latinos loved to be pampered and attended to, its the the small details that make them feel important. So dont be afraid to open your wallet, and remember in Panama if you are inviting someone out, its because your paying.

Once you meet someone you are comfortable there is plenty to see and do in Panama. The nightlife is developed, and it is abundant with bars, restaurants, clubs, and other places to dance and have fun.

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RELIGION

Even though the major in Panama is Catholicism, no one will stop you from exercising your religious rights, even if they come from other cultures. The churches in Panama have architectural significance that are absolutely beautiful, and it mostly consists of exotics, early constructions. All churches are decorated with stained glass and beautiful woodwork.

Even though most of the churches are Spanish-speaking, one of the English-speaking churches is the Coronado Bible Church. The best thing is that you can practice any religion on their premises. Furthermore, there are a lot of events aimed at community work, so you can always help out if you are interested.

P A G E F O R T Y F O U R | R E L I G I O N SETTLING IN AFTER THE MOVE

Finding a perfect property to call your own is a big challenge. If you are lucky enough to find it, there is no time to celebrate – you need to start your moving process. Once that is over, you can start settling into your new home.

The most important tasks you must tackle after the move. Regardless if you are renting or buying Panama real estate, your move will be a big undertaking. Once you are done, you will feel a big weight lifted off your shoulders. Still, don’t get too relaxed because there is still a lot to be done. The faster you get everything unpacked and finished, the sooner you can enjoy your new Panama home.

Before you start enjoying the fruits of your labor, there is still a lot of additional items to be completed. Here are a few crucial things that you must do when settling in after the move.

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PETS

Are you moving with pets to Panama? If the answer is yes, you should also know that all pets require a vaccine for rabies. Furthermore, there are some important documents you must gather, like vaccination and health certificates certified by the USDA, certificate of origin, and a completed import form.

All of these will be inspected by Panama Airport Health Department. Another important detail to know is that the entry fee for a pet is $16. And, if your pet is quarantined, you must pay a fee of $10 per day for the next 40 days.

Panama has many veterinarians, almost in every shopping center, and can help your pet with any problems that might arise. There is also spay panama which offers bi weekly clinics and health services for pets and an affordable donation.

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INSURANCE

It is also important to talk for a moment about insurance. The insurance fees are pretty much the same as in the United States.

Local health care coverage starts around $1200 per year and international coverage available at $1800 per year, these prices are dependent on age and deductible.

Homeowners insurance starts at $250 per year, mostly covers you for theft and fire.

Car insurance can cost you for personal injury $100 per year, or for full coverage about $600 and up depending on make model and value.

Note: In Panama there are no online signups, you must contact a licensed insurance agent. If something happends dont expect to get paid on the spot, If you ever get paid, it is usually a long process that you must initiate and provide many documents. Do not expect American style insurance which pays quickly.

P A G E F O R T Y S E V E N | I N S U R A N C E L I F E I N P A N A M A

MAIL

When it comes to talking about mail services in Panama, there is just one thing you should know – there aren’t any mail services in Panama.

However, mailbox forwarding services do exist, but you will need sign up, usually free and obtain an address in Miami, Florida. You ship you items to Miami, then they are forwarded to Panama via air cargo. Then you pick them up here in Panama depending on your location. Costs are around $2.50 per pound.

If you need to ship items to Panama make sure the value is under $100 De Minimis Value for Duty and Tax. That means that, if the value of the shipment is below the De Minimis Value, you are not required to pay Duty and Tax fees.

The average delivery time from Florida to Panama depends on the type of shipping you choose. For Shipping, it takes about 5 to 8 days to arrive in Panama. It is also important to know that some items are restricted from being shipped to Panama.

For more information on express shipping, check FedEx, DHL, and UPS, these are the most expensive shipping options though.

Worried about Paying you bills? This is usually done online, at the supermarket or in the bank.

P A G E F O R T Y E I G H T | M A I L L I F E I N P A N A M A

TV & INTERNET

Panama has several companies that offer internet and TV services either through cable, satellite or fiber optics. However, the internet is very fast. The cost starts around $35 per month for 100mb

If you want internet, tv and local phone there are packages starting at $60 per month. TV services have thousands of channels, but mostly in Spanish.

Note: One of the setbacks for anyone that watches TV in English is that almost all of the channels are Spanish. A good piece of advice is to bring a fire stick, Apple TV, or any type of streaming device, so you can continue to watch your favorite channels in english from home.

One of the biggest internet providers is cableonda.com

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CELL PHONE

When arriving to Panama, your current cell phone, must be unblocked to use on the networks here in Panama. Most American phones are locked by their current cell carrier. Don't worry most electronic stores can unblock them at a cost of $20.

If you, by any chance, don’t have a mobile phone, or you would like to get one, Panama makes that process very simple. You can purchase a new phone in any store without a contract, and load it with money from the pre-paid cards, anywhere from $2 to $20 dollars.

If you decide on a contract option, that is also possible with phone s and plans starting at $20 per month.

Note: An interesting fact is that the entire country runs on Whats App. This chat app is a must have if living in Panama.

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PUBLIC SERVICES

As is the case with a lot of countries, you can get alot of things taken care of online. Whether it singing up or paying utility bills, paying insurance premiums, renewing license plates for your car, etc.

You can also get help with public services at various locations through out the country. Just make sure to bring all the necessary paperwork and at least 2 copies. Be prepared for long lines, customer service without a smile, and documents required that you do not have.

Nevertheless, it is crucial to understand that process can be a real pain to get anything done, but dont be discouraged.

P A G E F I F T Y O N E | P U B L I C S E R V I C E S SHOULD YOU RELOCATE TO PANAMA?

T H E C H O I C E I S S O E A S Y F O R M A N Y

After everything that’s been said so far, you should have enough information to decide whether you wish to relocate to Panama or not. As you can see, it is a fun and happy country, where you can experience a lot of good memories.

However, you shouldn’t deceive yourself. This is not a place where you can get 5-star services at the snap of your fingers. If you are used to the high standards of living, Panama is not for you. Furthermore, do not come here looking for special medical treatment, or any disability benefits. You will be disappointed.

Again, we are not trying to keep you away, but simply stating the facts. It is important to have all the information if you wish to make an informed decision.

P A G E F I F T Y T W O | R E L O C A T E L I F E I N P A N A M A

DOCUMENTS

There are Important documents you will need for moving to Panama.

About three months before you apply for an immigrant visa, driver's license and a work permit for Panama, you must provide these following documents:

Passports Bank Reference Letters Driver's license Birth Certificates Police FBI Background Check Retirement Pension Statement

For opening your bank account you will need two original reference letters from your American banks addressed to your Panama bank of choice.

P A G E F I F T Y T H R E E | D O C U M E N T S L I F E I N P A N A M A

SHIPPING

Organizing a Panama relocation does not have to be a tedious and challenging process. One of the most vital aspects of making a long-distance move is the approach you take for shipping your belongings. To save you from trying to figure out this on your own, here is an easy-to-follow guide packed with useful information on how to ship your belongings to Panama with ease!

The first step of the plan – contact a shipping company!

As long as you have a solid plan and stick to it, the entire shipping process should be finished without delays or unexpected issues. The goal is to know every step of the way by heart.

The first step of the plan is to hire a company that provides the best relocation services to Panama. When working with the right people, everything will go exactly as planned.

The shipping time frame mostly depends on the type of shipping you choose. For Express Shipping, everything should be completed within 15-30 working days. When it comes to Economy Shipping, the time frame extends 30-60 days.

Once your belongings arrive in Panama, the customs agents will inspect the container and the paperwork. If everything is fine, they will quickly clear your belongings.

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CONCLUSION

On a higher note, if you are looking for a more relaxed way of living, you couldn’t have found a better place! Panama will amaze you with its simplicity, passion, and friendly environment. It can be your small piece of heaven and happiness, safely tucked in at the edge of the world. Here, you can finally be free!

Hopefully, this informative guide to Panama has all the tips you need. However, if there is any other information you would like to know, do not hesitate to reach out. Best of luck with your decision on Panama!

P A G E F I F T Y F I V E | C O N C L U S I O N L I F E I N P A N A M A

T H E R E A L U N T O L D S T O R Y

I SURELY HOPE THAT WE WERE ABLE TO PAINT A CLEAR PICTURE OF WHAT TO EXPECT FROM LIVING IN PANAMA.

P A G E F I F T Y S I X | U N T O L D S T O R Y A B O U T T H E A U T H O R

W o r k i n g i n r e a l e s t a t e s a l e s a n d m a n a g e m e n t i n F l o r i d a f o r m o r e t h a n a d e c a d e , h e s o l d h i s s u c c e s s f u l r e a l e s t a t e b u s i n e s s i n M i a m i , f o r e s e e i n g t h e e c o n o m i c d e p r e s s i o n o f 2 0 0 8 . H e r e l o c a t e d p r i o r t o P a n a m a i n 2 0 0 6 w h e r e h e e n v i s i o n e d a n e w m a r k e t w i t h t h e v a s t o p p o r t u n i t i e s w h e r e h i s c l i e n t s c o u l d l e v e r a g e t h e i r l o s s e s a n d i n v e s t i n t h e g r o w i n g C e n t r a l A m e r i c a n r e a l e s t a t e m a r k e t . F o r m o r e t h a n 1 5 y e a r s h e h a s b e e n a k e y p l a y e r i n p r o v i d i n g s t r a t e g i c i n t e r n a t i o n a l c o n s u l t i n g f o r m a r k e t i n g , d e v e l o p m e n t , r e l o c a t i o n a n d s a l e s i n t h e R e p u b l i c o f P a n a m a .

"Get the real truth from a 15 year veteran expat living in Panama"

Michael Flora

P A G E F I F T Y S E V E N | A U T H O R LIFE IN PANAMA P A G E T E N | M A I L BY MICHAEL FLORA P A G E T E N | M A I L