Panama

Contact Manager

Population

4,526,866

GDP

$76.52 billion

Total Area

75,420 sq. km

Capital

Panama City

About Panama

Panama is a Central American country connecting North and South America, bordered by the Caribbean Sea and the Pacific Ocean. It is most famous for the Panama Canal, a major artery of global trade, but also offers a stable economy, tropical climate, and a welcoming environment for expats.

The country uses the US dollar alongside its national currency (Balboa), has a strong service sector, and offers appealing tax advantages — especially for retirees and international investors. With year-round warm weather, modern cities, and lush natural surroundings, Panama is considered one of the best places in the world to relocate.

Panama offers several attractive residency programs: the Friendly Nations Visa, Pensionado Visa, and Investor Visa. Each program caters to different profiles — from retirees and remote workers to entrepreneurs and high-net-worth individuals — offering an accessible path to permanent residency.

With a residence permit in Panama, individuals can enjoy a peaceful lifestyle, affordable private healthcare, and growing international mobility. Permanent residency can lead to citizenship after 5 years of continuous residence and integration.

Why Panama

Reasons Why Panama Is One of the Best Countries to Relocate To

Safety

Panama is one of the safest countries in Central America, with a stable democratic government and low violent crime rates — especially in expat-friendly areas like Panama City and Boquete.

Citizenship

Panama offers accessible and flexible residency programs, including the popular Friendly Nations Visa and Pensionado Visa for retirees. These programs offer permanent residency options with minimal stay requirements.

Climate

A tropical climate with temperatures ranging from 24°C to 31°C (75°F–88°F) year-round. Ideal for nature lovers, beachgoers, and those seeking a relaxed outdoor lifestyle.

Taxes

Panama uses a territorial tax system — meaning income earned outside of Panama is not taxed. No inheritance or capital gains taxes apply to foreign-sourced income.

Healthcare

High-quality private hospitals and clinics at a fraction of U.S. costs. Expats report excellent service in Panama City and other major cities, with health insurance starting from $50/month.

Education

Panama offers a range of international schools (American, British, French), especially in Panama City. Education costs are more affordable than in North America or Europe.

Infrastructure

Modern telecom networks, reliable electricity, clean water, and good roads. Panama City is the most developed urban hub in the region, with international flights to both Americas and Europe.

Mobility

Panamanian citizens have visa-free or visa-on-arrival access to over 140 countries. Residents can travel easily across Latin America and can apply for naturalization after 5 years of residence.

Flexibility

Panama provides multiple residency options: from the Friendly Nations Visa for citizens of 50+ countries to the Pensionado program for retirees, or investment-based paths.

Panama Visa Programs?

Investor Visa

Residency by Investment → Pathway to Citizenship

💶 From €250,000 (innovative startup) or €500,000 (company investment)
🕒 Renewable 2-year permit
📅 Family members included
🚪 Access to Schengen Area
📈 Long-term path to permanent residency or citizenship

Italy’s Investor Visa is ideal for entrepreneurs, founders, and high-net-worth individuals looking to establish roots in Europe while benefiting from flexible investment options and tax incentives.

Digital Nomad Visa

Live and Work Remotely from Italy

📅 1-year renewable permit
🏡 Must have remote employment or freelance contracts
💼 Proof of sufficient income required
🚪 Travel freely within Schengen
👪 Family members can join

Italy’s Digital Nomad Visa is designed for professionals working remotely outside Italy. It combines lifestyle perks with European mobility and the charm of living in cities like Florence, Rome, or coastal towns.