Considering a move to Panama? Known for its tropical climate, welcoming expat community, and low cost of living, Panama is an increasingly popular destination for UK expats. With its strategic location, modern infrastructure, and business-friendly environment, Panama offers both lifestyle and corporate opportunities.
As experts in international relocations, Central Moves Ltd is here to make your move to Panama as smooth and stress-free as possible. Whether you’re moving for personal reasons or relocating your business, we handle every detail with expertise. Discover our international services here and let us take care of the logistics while you focus on settling in.
Why Move to Panama?
Panama offers a unique blend of city life, beautiful beaches, and lush rainforests. The country’s affordable living costs, excellent healthcare, and vibrant expat community make it a great destination for individuals, families, and businesses alike.
Top Reasons UK Expats Choose Panama
- Low Cost of Living: Panama offers affordable housing, groceries, and healthcare, making it budget-friendly.
- Tropical Climate: Enjoy warm weather year-round, with cooler highlands for a change of scenery.
- Easy Residency: The Friendly Nations Visa offers easy residency options for British citizens.
- Growing Business Hub: Panama City is a bustling business hub with favourable tax policies and a well-developed banking sector.
- High-Quality Healthcare: Panama’s private healthcare system is affordable and meets international standards.
Step 1: Preparing for the Move
Visa Requirements for UK Expats
UK nationals require a visa to live in Panama. Common types of visas include:
- Friendly Nations Visa: Aimed at citizens from select countries (including the UK) who wish to work or do business in Panama. This visa provides a straightforward path to residency.
- Retirement Visa (Pensionado): For retirees with a guaranteed monthly income of at least $1,000. This visa offers discounts on various services.
- Self-Economic Solvency Visa: For those investing in property or bank deposits in Panama, providing a path to residency.
- Corporate Visa: For professionals sponsored by a company setting up or expanding business in Panama.
Tip: Visa applications can take time, so start early. You may need bank statements, background checks, and a health certificate, so gather these documents in advance.
Choosing an International Removal Service
Relocating internationally requires meticulous planning, but Central Moves Ltd offers a full-service international moving solution. From packing and transportation to customs clearance in Panama, our experienced team ensures that your belongings arrive safely, so you can focus on settling into your new home.
Step 2: Setting Up Life in Panama
Finding Accommodation
Panama offers a variety of housing options, from modern city apartments to beachfront homes and mountain retreats. Popular areas for expats include:
- Panama City: The heart of business and modern life, with neighbourhoods like El Cangrejo, Costa del Este, and Punta Pacifica offering luxury apartments and conveniences.
- Coronado: A beach town close to Panama City, known for its expat-friendly community and relaxed lifestyle.
- Boquete: Located in the highlands, Boquete offers a cooler climate and lush scenery, making it popular among retirees.
- David: A quieter city with a lower cost of living, ideal for families and those seeking a laid-back lifestyle.
Note: Rental contracts in Panama are generally for one year, with a deposit of one to two months’ rent. Working with a local agent is advisable, as they can help you navigate lease terms and property regulations.
Cost of Living
Panama’s cost of living is affordable, especially compared to the UK. Here’s an overview of typical expenses:
- Housing: Monthly rent ranges from £500-£1,500 depending on location and type of accommodation.
- Utilities: Average around £60-£120 per month for electricity, water, and internet.
- Groceries: Monthly grocery costs are approximately £150-£300 for a family.
- Transport: Public transport is affordable, with a monthly budget of £20-£50.
- Dining Out: Local meals are affordable, typically costing £3-£10, while mid-range restaurants average £15-£30 per person.
Setting Up Utilities
Once you’ve found a place to live, setting up utilities is straightforward and generally handled by your landlord or property manager.
- Electricity and Water: Provided by regional utilities, with bills paid monthly.
- Internet and Mobile: Reliable providers include Cable Onda and Claro, offering various internet and mobile packages.
- Gas: Used for cooking, with gas cylinders available for delivery or refill at most supermarkets.
Step 3: Navigating Life in Panama
Cultural Etiquette
Panama has a friendly and laid-back culture, but observing local customs can help you integrate smoothly:
- Greeting: A handshake or light kiss on the cheek is common for greetings, particularly with friends or acquaintances.
- Politeness and Punctuality: Politeness is highly valued, so greet people with a smile and be respectful. However, Panamanian culture is less rigid about punctuality, especially in social settings.
- Dining Etiquette: When invited to someone’s home, it’s polite to bring a small gift.
- Respect for Tradition: While Panama is modern, traditional values are still present, especially outside urban centres. Respect for elders and family is important.
Learning basic Spanish phrases such as “Buenos días” (Good morning) and “Gracias” (Thank you) will help in daily interactions and show respect for the local culture.
Getting Around
Panama has a variety of public transport options, but driving is often preferred for convenience:
- Metro: Panama City has a modern metro system, making it easy to navigate the city.
- Buses: Buses are affordable and widely used, though schedules can vary.
- Taxis and Ride-Hailing: Taxis are common, and services like Uber are widely available in Panama City.
Driving: UK expats can initially use an International Driving Permit (IDP), but a Panamanian driver’s licence is required for long-term residents. Roads in Panama City are well-maintained, but driving outside the city can vary in quality.
Schools and Education
Panama has several international schools, particularly in Panama City, catering to the expat community with British, American, or International Baccalaureate (IB) curriculums.
- International School of Panama (ISP): Known for its IB curriculum and diverse student body, located in Panama City.
- Balboa Academy: Follows an American curriculum and is popular among expatriate families.
- Panama Coast International School (PCIS): Located near Coronado, ideal for families living in beach towns.
- St. Mary’s School: A bilingual school offering both British and Panamanian curricula.
Tip: Apply early as international schools in Panama can be competitive. Tuition fees vary but generally range from £5,000 to £15,000 per year.