Retire in Panama Affordably - Panama City - Cost of Living

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Panama City Living Abroad Cheap Report
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Sherry Cooper, a Canadian expatriate currently enjoying the enchanting tropical haven of Panama City, generously divulges the financial considerations essential for a comfortable living or retirement in this picturesque locale. Delve into her insights on healthcare and visa requirements, and discover why Panama City stands as an idyllic haven for both retirees and expatriates alike.

[@adventurefreaksss]

If you'd like to connect with me, schedule a call here: calendly.com/adventurefreaksss/30min

[@user-gb1id2vh2q]

I live here, same area and she is on point...I just need to find the phone plan for $20 a month.

[@galelagace9256]

She’s wrong about the requirements for a pensionado visa. In Panamá you cannot get a pensionado visa based on investments or “having enough cash in the bank.” You can only qualify for a pensionado visa if you can prove at least $1,000 USD GUARANTEED monthly income FOR LIFE for a single person based only on retirement pensions or something like US Social security or some form of government or retirement MONTHLY INCOME FOR LIFE. You can have millions of dollars in the bank but that won’t qualify you for a pensionado visa in Panamá. Millions of dollars in the bank will qualify you for a visa in México however.

[@adventurefreaksss]

Thank you for this update and viewing our content! Do you have to make a 200k investment with the Friendly Nations Visa?

[@JR-mo8os]

Panama offers an Investor Visa also.

[@adventurefreaksss]

Do you know how much investment is required? Thanks for viewing our content! @@JR-mo8os

[@adventurefreaksss]

What other countries have you considered? Curious?@@Beachgirlxoxo

[@adventurefreaksss]

Panama is a great option. I've spent a good amount of time there and it really has everything. Great year around weather, amazing beaches, islands you can explore, much to love. And yes the healthcare is excellent there. Italy is a great option too! @@BeachgirlTraceyxoxo

[@numpsey6750]

I love you Panama, cant wait to see her again. I truly miss the walks and look forward to seeing the inlands. Alot still to learn

[@guillermogouldburn763]

Parque Omar in the city is a wonderful park too. Locals call it "Panama's Central Park." About the metro, you can use any Mastercard or Visa, credit or debit, to get through the turnstiles. Takes you all the way to the airport and beyond for less than a dollar.

[@adventurefreaksss]

Thank you for this addition!!

[@normagertz9055]

You can’t get a one bedroom apartment for $1,250 in Orlando, much less a front ocean one. God bless.

[@adventurefreaksss]

Yes, and the rents all over the US continue to climb. Thank you for viewing our content!

[@jameskelly9243]

Orlando has ocean front?

[@MuizzWaljee]

Retire in Panama If you are planning to retire in Panama we can help with Panama Residency Visa. Typical processing time is 6 months. We have an expedited service that takes 6 weeks or less.

[@adventurefreaksss]

What's the minimum monthly income requirement to retire in Panama?

[@MuizzWaljee]

@@adventurefreaksss For Retire Visa minimum income is $1000

[@adventurefreaksss]

Would you be interested in talking on this subject on one of my podcasts? I'd be happy to have you!

[@AldoGuzman-fk8pv]

Nice interview! a lot of good information about the cost of living in Panama city, Panama! thank you!

[@adventurefreaksss]

Gracias!!

[@chickolat]

I am alos Canadian and looking to go to Panama for 6 months. How does one find rental that isnt through airbnb?

[@adventurefreaksss]

Join some Facebook groups in Panama. There may be some groups on rentals as well. Airbnb and FB groups are the best way if you're not there. Cheeers!

[@mariagregg2350]

i’m really looking to retire there

[@enricogarrone3495]

That's insanely cheap . Sound like you are talking about a different planet ( Galaxy)I Live in Vancouver Canada 😢. Can't wait to visit .

[@adventurefreaksss]

Unfortunately, Canada has become very expensive as well, many moving south:). Thank you for viewing!

[@WolfF2022]

The wages are also cheap, otherwise the citizens would not be able to afford things there.

[@sailingcate1838]

For you canadian and us people everywhere is ricolous cheap. Not for low european pension!

[@gif24gt60]

$200,000 is not so friendly

[@adventurefreaksss]

The Pensionada Visa is friendlier. Currently you need to show an income of 1k per month!

[@JR-mo8os]

There are others ways to qualify for residency like employment.

[@adventurefreaksss]

Thank you for this addition. When you say employment do you mean obtaining employment by a Panama company or are you including digital nomads as well that work for companies outside of Panama. Thanks again!@@JR-mo8os

[@JR-mo8os]

@@adventurefreaksss I mean hired locally but could also be under a corporation that you create. Another way to qualify is to have a baby in the country.

[@adventurefreaksss]

All good tips! Much appreciated!!@@JR-mo8os

[@FeMiNem-Poet]

💐Great-great interview and info. You do a great job extracting the info. 🪻 Looking at your other videos - it's easy to get the required information one is seeking.🌼 🌼As of March/2024 - For pensioners on the pension visa - A required income pension of $1,000.00 U.S. dollars for life per month. 🌲 They get discounts on restaurants, movies, and Entertainment - sometimes as much as 25% percent on some categories.🌼💐🌼