Panama has quietly become one of the most practical countries in the Americas for people looking to secure long-term residency without complicated income requirements.
With straightforward visa pathways, a territorial tax system, and solid infrastructure, it’s a popular choice for retirees, online earners, and anyone wanting a stable base in Latin America.
Why people choose Panama:• Friendly Nations Visa leading to permanent residency• Territorial tax system (foreign income often not taxed)• USD-based economy and strong banking access• Good healthcare and modern infrastructure• Multiple lifestyle options — city, beach, or mountain towns
Popular bases:• Panama City – modern apartments, business hubs, healthcare, international vibe• Boquete – cooler climate, expat-friendly, relaxed pace• Coronado / beach towns – coastal living with lower monthly costs.
📄 Download the full PDF below for a clear breakdown of residency options, banking requirements, tax basics, realistic living costs, and who Panama is (and isn’t) a good fit for.
đź’¬ Question:Would you use Panama as a long-term primary base, or more as a reliable Plan B / backup residency?