Panama

Panama offers a competitive cost of living that varies by region. The capital, Panama City, provides urban conveniences and lifestyle amenities at prices lower than in many North American cities. Outside the capital, the cost of living drops significantly, offering excellent value.

Panama boasts a high standard of healthcare, with state-of-the-art facilities in Panama City and other major urban areas. Many healthcare professionals are bilingual, and the cost of medical care is reasonable compared to the U.S.

Panama's friendly nations visa is particularly popular among expats, offering a path to residency for citizens from a list of approved countries. The program requires economic activity or property investment in Panama, along with a local bank account.

With its status as a global business hub, Panama offers excellent internet and telecommunications services, making it ideal for expats and digital nomads. Infrastructure in urban and many expat-popular areas is top-notch.

Panama's banking sector is one of the most developed in Latin America, providing a wide range of services to foreigners. Opening an account requires documentation including proof of income and residency, with many banks offering accounts in multiple currencies.

Panamanian cuisine reflects its diverse cultural heritage, with a variety of flavors influenced by Spanish, African, Native American, and even Asian traditions. Supermarkets and local markets offer a wide range of international and local products, catering to all tastes.

Panama is welcoming to expats' pets, with a straightforward process involving health certificates, proof of rabies vaccination, and sometimes a quarantine period. The country's pet-friendly attitude makes it easier for expats to relocate with their beloved animals.

Panama offers modern highways and scenic routes for drivers, with the Pan-American Highway providing a route through the country. Foreigners can use their national driver's license along with their passport for up to 90 days. To drive longer, you'll need an IDP or a Panamanian license. While urban areas, especially Panama City, have heavy traffic and somewhat aggressive driving styles, rural areas feature more relaxed conditions. Always have insurance that complies with Panamanian law, and be aware of toll roads, particularly when using the Panama Canal crossing.