If your company has decided that you have to relocate to Panama, then you will be pleased to know the move comes with a whole list of benefits. Not only will you experience a new cultural vibrancy you may not have experienced before, but your eyes will also be opened to new opportunities.
Today, there are various reasons that people are moving away from their own countries. Some are entrepreneurs who want to invest, others decide to spend their retirement on new horizons, and some look for a better place to live. Panama has become one of the most popular countries to invest in in the last few years, so it’s not surprising that many people are thinking about establishing roots there.
Before relocating to Panama, check out our list of the five most important things you need to know before moving.
Relocating To Panama: High-Quality Permanent and Temporary Housing
No matter where you go in Panama, you will find that the permanent and temporary housing options are superb. Panama City offers a range of opportunities for corporate workers looking for long-term accommodation.
Even though you’re relocating to Panama for work, there’s no reason why you can’t feel like you’re on vacation. Take advantage of the ocean views, proximity to all life’s necessities, and luxurious, handcrafted furniture in any corporate rental solutions. Apartments in the city are generally spacious, with very nice views and many amenities. You can rest assured that you and your family will love your new life there.
Relocating To Panama: Liberal Immigration Laws
Suppose you are relocating to Panama for work. In that case, you will soon realize it’s a country with liberal immigration laws – some of the most relaxed in the Western Hemisphere.
One of the most popular routes for permanent residency in Panama is through the “Friendly Nations Visa.” To qualify for this visa, you must either buy real estate, start a new business, or provide a work offer letter. The other popular visa for foreigners is the retirement visa. Retired foreigners who obtain a minimum monthly pension of $1,000 are qualified for this visa. As a result, relocating to Panama is a much smoother process than if you were to move to other countries.
Another reason to consider Panama a place to stay is its open and stable political system. Due to continuing economic growth, more and more foreigners are willing to invest in Panama, which promotes economic prosperity.
Relocating To Panama: Delicious Cuisine
You will be pleased to know that when you end up relocating to Panama, you can still enjoy all your favorite cuisines from home. Panama takes on many American and European-style dishes to ensure you don’t get homesick. But you can also expect these cuisines to have a style. You can also enjoy Spanish, Caribbean, and International plates and traditional Panamanian meals. There is also a range of standout restaurants and eateries within Panama City that will sweeten the deal.
Stop by Yogen Fruz Multiplaza on Via Israel or even Restaurante Charro Mexicano on Calle 50 68. Here, you get to try traditional cuisine on an entirely new level. The Mercado de Mariscos, which sits at the edge of Casco Viejo, is an excellent option for experiencing the seafood market. Outside, vendors serve small plastic cups filled with fresh ceviche of various kinds. Multiple restaurants, cafes, and eateries are also near excellent corporate accommodations.
Relocating To Panama: Exceptional Tourist Attractions
Even though you are relocating to Panama for business, you can still experience what this beautiful country offers. Why not combine business with pleasure and check out the tourist hotspots?
Expats will enjoy the modern buildings, the famous Panama Canal, Pearl Islands, San Blas Islands, and various water sports and activities. In proximity to luxury accommodation in Panama City lies an abundance of attractions. Visit the artificial 82-kilometre waterway in Panama, known as the Panama Canal. Here, you can see how the canal joins the Pacific Ocean with the Atlantic.
You can also head to Casco Viejo, one of the last remaining reminders of the old Panama City. From the original colonial wall to the beautiful Art Deco building facades to the excellent Canal Museum, experience everything this neighborhood has to offer.
Although Spanish is the official language, English is considered Panama’s second language, and most residents can speak English fluently. So, don’t worry about the language barrier!
Relocating to Panama: Low Living Costs
Finally, you will be pleased to know that relocating to Panama comes with lower living costs than you may be used to. If you compare Panama’s living costs with Europe and North America, you will see it needs to catch up. Prices can be as much as 25% less for a general living – including food and accommodation.
You might ask yourself how the transportation system is and whether you should consider buying a car. Thanks to Uber and taxis, getting around Panama City without a car is easy and affordable. Besides, it’s better to take advantage of the lower prices of alternative transportation than trying to find a nonexistent parking spot. You should also know that Panama City is eliminating and replacing its old buses with brand-new Volvo buses while building a new, modern metro subway system.
Relocating can be scary at first, but you will soon learn that there will be much to love about the experience. You can feel like a part of the culture, with Panama locals treating you like one of their own. If you are nervous about making the move, know that it could be one of the best things you ever did for your life and career.
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