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Panama
Panama lives off the canal and banking: the capital looks like a small Miami, with the Boquete highlands and Caribbean islands a couple of hours away. Everything is priced in dollars, rent and groceries cost more than in neighbouring countries, and foreign income is not taxed. The tropics without temperature seasons: a dry season from December to April, rain from May to November, and cool highlands all year. Residency is simpler here than in most of the region; what takes adjusting is the humidity, the traffic and the price of imports.
Facts about the destination
$1,414
Living solo, economy
Tropical
Climate
Cost of living3
- Living solo, economy
- $1,414 per month
- Living as a couple, comfort
- $3,763 per month
- Living as a family, premium
- $6,806 per month
Entry and visas7
- Nomad visa
- Open
- Work visa
- With restrictions
- Трудовое законодательство защищает местных работников — большинство должностей зарезервированы за панамцами, разрешение получают в основном специалисты и владельцы бизнеса.
- Student visa
- Open
- Retirement visa
- Open
- Paid residency program
- No such programme
- Investment residency
- Open
- Qualified Investor Programme: порог по недвижимости $300 000 действует до 15 октября 2026, затем поднимается до $500 000; альтернативы — $500 000 через панамского брокера на фондовом рынке или $750 000 срочный депозит на 5 лет.
- Residency by investment: entry threshold
- from $300,000
Money and housing7
- Median rent
- $1,200 per month
- Tax system
- Territorial
- Территориальный налог: облагается только доход, полученный внутри Панамы — ключевая причина популярности страны у удалёнщиков и пенсионеров с иностранным доходом.
- Income tax, maximum
- up to 25%
- Price per square metre
- $2,800 per m²
- Property ownership for foreigners
- Allowed
- Special regime for new residents
- No
- Mortgage for non-residents
- Yes
Safety and environment6
- Air quality
- AQI 40
- Safety
- 3 out of 5
- Armed conflict
- None
- Healthcare
- 4 out of 5
- Internet
- 3 out of 5
- Insurance required for a visa
- No
Language and daily life4
- English
- 3 out of 5
- Russian-speaking
- 1 out of 5
- Banking
- 3 out of 5
- MIR cards
- No
Legalization9
- Years to permanent residency
- 2 years
- Years to citizenship
- 5 years
- Remote work for foreign clients
- Yes
- Citizenship by investment
- No such programme
- Hiring a foreigner
- Hard
- Ease of legalization
- 4 out of 5
- Second passport kept after naturalisation
- Yes
- Формально при натурализации требуется присяга об отказе от прежнего гражданства, но на практике это условие не отслеживается и большинство натурализованных сохраняют исходный паспорт.
- Citizenship for a child born here
- Unconditional
- Безусловное гражданство по рождению, кроме детей дипломатов на короткой миссии.
- Fast-track naturalisation
- Yes
Climate and region3
- Climate
- Tropical
- Kind of destination
- To live in
- Region
- Americas
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Panama: living here
What living here is like — from people who already moved