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    Whether you’re looking for fun and sun, a peaceful retirement, or the chance to earn some extra income, you’ve got a real world of opportunity open to you… In short, we’ve done our best to narrow down your best options, but only you can decide the right country for you.

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  • Budgets

    How Much Will It Cost You To Live Overseas?

    The only honest answer is, we have no idea. And neither does anyone else. The only one who can answer that question is you. Here’s the most important thing to understand about budgeting your new life overseas…

    Super Cheap

    • Chitré, Panama
    • Santa Marta, Colombia
    • Phuket, Thailand
    • Dumaguete, The Philippines

    Cheap

    • Medellin, Colombia
    • Boquete, Panama
    • Kyrenia, Cyprus
    • Hua Hin, Thailand
    • The Algarve, Portugal

    Affordable

    • Valencia, Spain
    • Cascais, Portugal
    • Las Terrenas, The DR
    • Pisa, Italy
    • La Rochelle, France
    • Mazatlán, Mexico

    Luxury

    • Ambergris Caye, Belize
    • Kotor, Montenegro
    • The Panama City Beaches
    • Paris, France
  • Resources

    Global Living

    • Living & Retiring Overseas
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    • Investing

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    Buying Real Estate For Cashflow

    • Discover tips and strategies used by global property investing veterans

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    Go To The Overseas Property Alert Site

    • How To Become Independently Wealthy And Fund The Lifestyle Of Your Dreams
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    Live and Invest In Spain Conference

    Offshore Wealth Summit

    Greece Workshop

    VALENCIA, SPAIN

    Sep. 17-19, 2025

    PANAMA CITY, PANAMA

    Oct. 15-17, 2025

    VIRTUAL

    Nov. 13, 2025

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  • Home
  • Countries

    Top Destinations:

    Whether you’re looking for fun and sun, a peaceful retirement, or the chance to earn some extra income, you’ve got a real world of opportunity open to you… In short, we’ve done our best to narrow down your best options, but only you can decide the right country for you.

    • Spain
    • Portugal
    • Panama
    • Belize
    • Colombia
    • Cyprus
    • Mexico
    • France
    • Montenegro
    • Browse All Countries

    Best For:

    • The Best Places To Retire
    • Health Care Abroad
    • Cost Of Living
    • Investing in Real Estate
    • Establishing Residency
    • Gun Laws In The World
    • English-Speaking Countries
    • Safest Places For Retirement
    • Best Places In Latin America
  • Budgets

    How Much Will It Cost You To Live Overseas?

    The only honest answer is, we have no idea. And neither does anyone else. The only one who can answer that question is you. Here’s the most important thing to understand about budgeting your new life overseas…

    Super Cheap

    • Chitré, Panama
    • Santa Marta, Colombia
    • Phuket, Thailand
    • Dumaguete, The Philippines

    Cheap

    • Medellin, Colombia
    • Boquete, Panama
    • Kyrenia, Cyprus
    • Hua Hin, Thailand
    • The Algarve, Portugal

    Affordable

    • Valencia, Spain
    • Cascais, Portugal
    • Las Terrenas, The DR
    • Pisa, Italy
    • La Rochelle, France
    • Mazatlán, Mexico

    Luxury

    • Ambergris Caye, Belize
    • Kotor, Montenegro
    • The Panama City Beaches
    • Paris, France
  • Resources

    Global Living

    • Living & Retiring Overseas
    • Raising A Family Abroad
    • Foreign Residency & Citizenship
    • Offshore & Diversification

    Making Money

    • International Real Estate
    • Banking
    • Employment
    • Investing

    Follow Us:

    • Meet Our Experts
  • Real Estate

    Buying Real Estate For Cashflow

    • Discover tips and strategies used by global property investing veterans

    Explore Our Latest Posts

    • Learn how to invest and purchase property abroad…

    Go To The Overseas Property Alert Site

    • How To Become Independently Wealthy And Fund The Lifestyle Of Your Dreams
  • Conferences

    Upcoming Events

    • Explore Our Events Site

    Live and Invest In Spain Conference

    Offshore Wealth Summit

    Greece Workshop

    VALENCIA, SPAIN

    Sep. 17-19, 2025

    PANAMA CITY, PANAMA

    Oct. 15-17, 2025

    VIRTUAL

    Nov. 13, 2025

    LEARN MORE
    DISCOUNT
    LEARN MORE
    PRE-REGISTER
    LEARN MORE
    PRE-REGISTER
    • MORE EVENTS

    Contact Our Events Team

    Toll-Free U.S. and Canada:
    1 (888) 627 8834
    From Outside North America:
    1 (443) 599 1221
    Working Hours
    Monday – Friday 08:00 am – 17:00 pm EST.

    Reach us with your questions by email at: events@liveandinvestoverseas.com

  • Store

    Unlock The World

    • Access Your Library

    Overseas Havens Reports

    • Expats' comprehensive destination guides

    Conference Kits

    • Hours of coverage  from our latests conferences

    Lahardan Books

    • Titles on living and investing around the world
    • Explore Our Store
    Your passport to a life well-lived abroad

    Services

    overseas living letter offers affordable retirement guidance
    The Simon Letter Wealth Protection Insights
    Global Property Advisor Global Investment Opportunities

    Our Customer Service team is here to assist with any questions or concerns CustomerService@LiveandInvestOverseas.com

  • My Library
Live and Invest Overseas
 Free Panama Guide

LIVE AND INVEST IN PANAMA

view of the skyline in Panama City, Panama,

WORLD’S #1 RETIREMENT HAVEN
IN THE AMERICAS

Simply sign up to receive the FREE daily e-letter, Overseas Opportunity Letter plus our In Focus: Panama newsletter and we’ll immediately email you our editors’ latest research report… absolutely FREE

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Home Countries Panama

10 Reasons Why Panama Makes Sense

10 Reasons Panama Is Our Favorite Country In Latin America

by Kathleen Peddicord
Sep 26, 2024
in Panama
0 0
View of Avenida Balboa, in Panama City. retire in panama

AdobeStock/eskystudio

Why is Panama our favorite country in Latin America…? Honestly, there’s too many reasons to count, but here’s 10 to start with…

#10 The Panama Canal

Panama Canal, Panama
iStock/Marina113

The Panama Canal keeps the country as an important and relevant spot in Central America. The Canal has become the main source of commerce by connecting the Pacific Ocean and Atlantic Ocean.

It brings in guaranteed cash each year, thereby stabilizing this small economy. Panama’s economy has always been strong, and with the amount of wealth that moves through the Panama Canal, it generates nearly a third of the country’s revenue.

#9 The U.S.-Dollar-Based Economy…

A man in a gray T-shirt holds dollars in his hands.
iStock/Sergey Nazarov

Means that Panama has the most stable currency in Latin America. You can come to Panama with ease of mind that there’s no currency exchange risk.

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#8 The Tax System, Which Is Based On…

Calculator with text Tax.
iStock/Krystsina Yakubovich

Taxing Panama-sourced income and inviting international businesses that would not otherwise operate here by allowing them to operate free of corporate tax. This means more high-quality jobs for Panamanians and increased revenues for the government through employment taxes.

#7 The Stable Banking System…

Photograph of the Citibank logo
iStock/tbradford

Consider how many world-class banks are in Panama, including banks from the United States, Latin America, China, etc. Banks are putting their trading desks in Panama for tax reasons.

Banking in Panama is safe. Tough laws and high standards are imposed on banks. Panamanian banks tend to be very conservative and do not enter into risky lending practices.

Panama has grown to be the largest international banking center in Latin America over the last 30 years.

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Simply enter your email address below and we'll send you our FREE REPORT – Live And Invest In Panama: The #1 Retirement Haven In The Americas.
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#6 The Size Of The Population…

People running in public park with city skyline in background, Panama City, Panama
iStock/hanohiki

Panama is a country of about 4 million people, which means it is small enough to benefit from the Canal income, improvements in education and social programs, and that it can operate on the U.S. dollar.

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#5 The World-Class Internet Connectivity

Internet connectivity concept
iStock/metamorworks

Internet- and phone-based businesses (call centers, for example) can operate in Panama cost effectively and with confidence.

Like San Francisco, Los Angeles, and New York, Panama is a primary link in the fiber-optic network. This is one of the reasons businesses like Dell are choosing to base themselves here.

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Simply enter your email address below and we'll send you our FREE REPORT – Live And Invest In Panama: The #1 Retirement Haven In The Americas.
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#4 The Belief In And Focus On Education…

A portrait of small happy school girl sitting at the desk in classroom
iStock/Halfpoint

Which translates to a higher-quality labor force.

The Panamanian government recognizes the importance of education and has implemented several programs to train more of the population.

The government makes efforts to improve English proficiency among high school and university students to better prepare them to compete in the labor force.

#3 The Strong Economy And The Patriotic Population…

Portrait of happy and confident young businessman.
iStock/diego_cervo

Keeps the best and the brightest from fleeing to the United States when they get the chance. Many go to the States for school and then return to work in Panama after they’ve completed their studies.

#2 The Ever-Improving Work Ethic When Compared With The Rest Of Latin America…

Businesswoman reading financial report
iStock/undrey

Panamanians do have the famous mañana attitude, and things definitely get done at a slower pace than in the States, but as the labor force gets younger this mañana attitude is slowly starting to fade.

As mentioned above, many go to the States to study and then return to Panama to work. This definitely contributes to the younger generation’s different work ethic.

#1 The Entrepreneurial Mindset…

Owner Of Start Up Business
iStock/monkeybusinessimages

Which is absent in most of South and Central America. More and more youngsters are adopting the entrepreneurial mindset. You won’t have issues developing a business in Panama and taking advantage of all the fresh and new perspectives these workers are bringing to the scene.

Until next time,
Kathleen Peddicord signature
Kathleen Peddicord
Founding Publisher, Panama Letter

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Simply enter your email address below and we'll send you our FREE REPORT – Live And Invest In Panama: The #1 Retirement Haven In The Americas.
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Tags: 'living in panama''panama city business''panama taxes'Move to PanamaPanama Canalpanama offshoreretire to PanamaWork in Panama
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Kathleen Peddicord

Kathleen Peddicord

Kathleen Peddicord has reported on opportunities for Americans to live, retire, and do business overseas for 40 years. She has traveled to more than 75 countries, invested in real estate in 24, established businesses in 7, renovated and built properties in 6, and educated her children in 5.

Kathleen has moved children, staff, enterprises, household goods, and pets from the east coast of the United States to Waterford, Ireland, then to Paris, France, and finally to Panama City, Panama, where she has based her Live And Invest Overseas business. Peddicord and her husband, Lief Simon, now divide their time between Panama and Paris.

Peddicord was a partner with Agora Publishing’s International Living group for 23 years. She opened, staffed, and operated International Living publishing and real estate marketing offices in Waterford, Ireland; Panama City, Panama; Granada, Nicaragua; Roatan, Honduras; San Miguel de Allende, Mexico; Quito, Ecuador; and Paris, France. Peddicord launched Live And Invest Overseas group in 2008 and has built it into a successful multimillion-dollar business. Today, she shares her firsthand experience of expat life with more than 500,000 readers of her publications, including Overseas Opportunity Letter and Overseas Living Letter.

Kathleen has been featured often in The New York Times, MSNBC, AARP, CNN, Bloomberg, CNBC, and more and writes monthly about expat matters, international real estate, and offshore diversification for Forbes and U.S. News.

Kathleen has written several books including the memoirs “At Home In Ireland” and “At Home At Los Islotes” and her latest title “At Home Abroad,” all published by Lahardan Books. Her best-selling "How To Retire Overseas: Everything You Need To Know To Live Well (For Less) Abroad” was published by Penguin Random House in 2018 and her “Buying Real Estate Overseas For Cash Flow (And A Better Life)” was published by Wiley in August 2020.

Get Your Free Panama Report Today!
Simply enter your email address below and we'll send you our FREE REPORT – Live And Invest In Panama: The #1 Retirement Haven In The Americas.

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HOME

Top Countries

  • Spain
  • Portugal
  • Panama
  • Belize
  • Colombia
  • Cyprus
  • Mexico
  • France
  • Montenegro

Best For:

  • Health Care Abroad
  • Retirement Living
  • Cost Of Living
  • Investing in Real Estate
  • Establishing Residency
  • Gun Ownership
  • English Speakers
  • Safety
BROWSE ALL COUNTRIES

Budgets

How Much Will It Cost
To Live Overseas?

Super Cheap

  • Chitré, Panama
  • Santa Marta, Colombia
  • Phuket, Thailand
  • Dumaguete, The Philippines

Cheap

  • Medellin, Colombia
  • Boquete, Panama
  • Kyrenia, Cyprus
  • Hua Hin, Thailand
  • The Algarve, Portugal

Affordable

  • Valencia, Spain
  • Cascais, Portugal
  • Las Terrenas, The DR
  • Pisa, Italy
  • La Rochelle, France
  • Mazatlán, Mexico

Luxury

  • Ambergris Caye, Belize
  • Kotor, Montenegro
  • The Panama City Beaches
  • Paris, France

Resources

Global Living

  • Living & Retiring Overseas
  • Raising A Family Abroad
  • Foreign Residency & Citizenship
  • Offshore & Diversification

Making Money

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  • Banking
  • Employment
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Meet Our Experts

Real Estate

Overseas Property Alert 

 

How To Become Independently Wealthy And Fund The Lifestyle Of Your Dreams

VISIT SITE

Buying Real Estate For Cashflow

 

Discover tips and strategies used by global property investing veterans

READ MORE

Explore Our Latest Posts

 

Learn how to invest and purchase property abroad…

EXPLORE

Conferences

Live and Invest In Spain Conference

VALENCIA, SPAIN Sep. 17-19, 2025
LEARN MORE
DISCOUNT

Offshore Wealth Summit

PANAMA CITY, PANAMA Oct. 15-17, 2025
LEARN MORE
PRE-REGISTER

GREECE WORKSHOP

VIRTUAL Nov. 13, 2025
LEARN MORE
PRE-REGISTER
MORE EVENTS

Contact Our Events Team:

Toll-Free U.S. and Canada:
1 (888) 627 8834

From Outside North America:
1 (443) 599 1221

Working Hours
Monday – Friday 08:00 am – 17:00 pm EST.

Reach us with your questions by email at: events@liveandinvestoverseas.com

Store

Overseas Havens Reports

  • Expats' comprehensive destination guides

Conference Kits

  • Hours of coverage  from our latests conferences

Lahardan Books

  • Titles on living and investing around the world

Services

  • Overseas Living Letter: Affordable Retirement Guidance
  • The Simon Letter: Wealth Protection Insights
  • Global Property Advisor: Global Investment Opportunitites
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