Essential Tips For Moving To Panama Successfully
Thinking of relocating to Panama? Follow our actionable tips for a smooth and enjoyable transition when moving to Panama. We'll cover paperwork, logistics, finances, healthcare and more.
Relocation Paperwork: Get it Done Correctly
Complete Panama's residency application correctly the first time to avoid delays. Understand the three residency options:
Permanent Residency
For retirees and those planning long-term stays. Requires proof of income and health insurance.
Non-habitant Residency
For part-time Panama residents. You can stay up to 6 months per year.
Resident Visa
For those working or studying in Panama. Sponsored by an employer or educational institution.
You'll need:
• Passport with at least 1 year validity
• Recent criminal background check
• Travel medical insurance
• Proof of income
Arrange Accommodations in Advance
Find short-term housing before your move to get settled:
Apartment Rentals
Rent for 3-6 months while house hunting to explore neighborhoods in person.
Temporary Furnished Rentals
Furnished short-term rentals are available in many Panama City areas.
Airbnb
Book an Airbnb for 1-3 months to get a true feel for Panama locations.
Manage Your Finances Wisely
Coordinate your finances to adapt to Panama's cost of living:
• Consider a Panamanian bank account
• Open an international transfer service
• Maintain credit/debit cards from your country
• Set budget limits in the local currency
• Research tax requirements for expats
Moving to Panama involves paperwork, logistics and financial adjustments. But with careful planning and thorough research, your transition to this beautiful country can go smoothly. Follow these tips to get settled quickly and start enjoying all Panama has to offer!
