Posted by Maria Arias on August 15, 2017 | About Panama | 0

How to live in Panama

Panama City offers a safe and low-cost lifestyle. It is a cosmopolitan city in which you can buy or rent a property and at the same time you can find in a few minutes exuberant nature. Living in Panama is one of the best destinations to buy a property and retire.

You can live in Panama comfortably with $ 2,000 or $ 1,500 a month. One big advantage is that Panama has the US dollar. The dollar in Panama contributes to the low rate of inflation and its status as the most stable economy in Latin America.

For most expatriates living in Panama is one of the best decisions they have been able to make.

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Living in Panama

  • You can include your family to a visa in Panama, this includes children, spouses and parents. If the children are minors, they only need an apostilled birth certificate, but between the ages of 18 and 25 must have a certificate and must present a university registration in Panama.

  • Being retired, you can be a permanent resident in Panama. The basic requirement is that you receive a retirement of more than $ 1,000 per month. This visa of retired person gives the foreigner the possibility of bringing personal belongings from his/her country; Free of tax and additionally have the benefit of several local discounts.

  • By purchasing a property in Panama of more than $ 300.00, which must be in your name, inscribed in the public registry of Panama and should not be mortgaged, you can apply with your family and you will get a definite residence.

  • Starting a business in Panama is very simple. You can create a company, and request the commercial operation notice through it. 

If you are thinking of living in Panama and want to buy a property, you may need the help of someone who knows how the process of buying and selling your home is. At TDI Real Estate we are experts in buying and selling properties in Panama, and we can help you find the right property for you.

Reasons to move to Panama