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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

        Join our Weekly Newsletter
        Overseas Property Alert

        Sign up for our weekly newsletter to receive expert insights on the best international real estate investment opportunities.






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          Buying Real Estate For Cashflow

          • Discover tips and strategies used by global property investing veterans

          Explore Our Latest Posts

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          Go To The Overseas Property Alert Site

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          International Property Summit

          Caribbean Virtual Conference

          Live and Invest In Spain Conference

          PANAMA CITY, PANAMA

          June 18-20, 2025

          VIRTUAL

          July 17-19, 2025

          Valencia, Spain

          Sep. 17-19, 2025

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

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          overseas living letter offers affordable retirement guidance
          The Simon Letter Wealth Protection Insights
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          Home Retirement/Living

          Doing Business In Paris & Panama

          Paris To Panama? Who Would Make That Choice?

          by Kathleen Peddicord
          Feb 13, 2022
          in Retirement/Living
          0 0
          The skyline of Panama City with its skyscrapers in the financial district at sunset. taxes in panama

          Panama has become an economic powerhouse...

          “You have reminders of Paris all around,” our friend born and raised in that city remarked over dinner at our house in Panama City during his recent visit.

          “I noticed the books and paintings in your office today,” Vincent continued, “and I see more books about Paris on the bookshelves here in your living room, too.

          “You seem very attached to that city,” he concluded.

          “Yes, we are big fans of the City of Light,” I told him. “We look forward to every chance to spend time there and would spend more time there if we didn’t have so much going on that requires our attention in Panama.”

          “But what do you like about the place so much?” our French friend wanted to know, trying, unsuccessfully, to hide his dismay.

          Why Vincent And His Family Moved From Paris To Brussels

          Vincent and his wife moved with their five children from Paris to Brussels several years ago. Part of their decision had to do with cost of living. They determined that Brussels would be more budget-friendly for their family of seven.

          Vincent and his wife had other reasons for leaving Paris, though.

          Like most French, they’re very engaged in local politics, and, like many French, they’re increasingly unhappy with not only the political but also the economic and social developments in their hometown, as they perceive them.

          “Paris is not the city it was 30 years ago,” Vincent explained.

          “When we were growing up in Paris, it was common for our parents, for all parents, to allow their children to come and go on their own on the Metro, for example.

          “Today if you allow your 8- or 10-year-old child to travel around the city on the Metro on his own, he likely will be picked up by the police. They’ll show up at your door with him to ask what is the matter with you. How could you be so foolish and careless as to allow your child to wander alone on the streets of Paris?

          “Everyone would agree that would be unsafe.

          Start Your New Life Today, Overseas






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            “There are signs of unrest everywhere—graffiti on the walls, cars being burned, constant protests…”

            “Yes, yes, we understand that all of those things are true,” I replied. “But that is not our experience of Paris.

            “For us, Paris is its parks and gardens, chateaux and museums, architecture and art, food and wine. No city in the world compares in those regards, and those are the things we appreciate.”

            “Well, yes, of course, Paris is those things, as well,” Vincent conceded. “But it is a miserable place to try to be in business. The entrepreneur does not stand a chance in this city.”

            “Ah, well, on that score, certainly, we agree,” I said.

            Doing Business: Paris vs. Panama City

            “That’s why Lief and I moved from Paris when we did… because we wanted to start our new business. We’d had enough business experience in France by that time to know that there are better choices for the would-be entrepreneur.”

            Including and especially Panama, where the government is seriously pro-investment and it can be possible to live and operate a business tax-free.

            That’s why, for us, 14 years ago, when we looked at the world map considering options for where to base our next venture, Panama stood out.

            In the years since we made the move from Paris to Panama City, many have questioned that decision.

            “Come on,” some have said. “From Paris to Panama City? Who would make that choice? What gives?”

            Vincent is the first to wonder in the reverse… to question why we ever wanted to live in the City of Light in the first place.

            Perspective. We’ve each got our own.

            Sincerely,
            Kathleen Peddicord signature
            Kathleen Peddicord
            Founding Publisher, Overseas Opportunity Letter

            Tags: 'Doing Business In Panama City''doing business in panama''France''Living In Paris''panama city'doing business in parisPanamaParis
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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.

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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

                  • International Real Estate
                  • Banking
                  • Employment
                  • Investing
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                  Contact Our Events Team:

                  Toll-Free U.S. and Canada:
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                  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

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