Here are some advice to those moving to Panama...
Visit first
It is wise to first visit Panama as a tourist and make your own opinion, rather than just go through different media sources and marketing material. Come and see for yourself. Spend holidays here or rent an apartment for one or two months. Some things might disappoint you, but other on the contrary would appear in the better light.
Make a budget
The cost of living in Panama is probably lower than in the U.S., Canada or Europe, nevertheless it doesn't mean everything's cheaper here. Plus there might be some extra-costs on your way, which you couldn't foresee. It is wise to include them in your budget as some percentrage. Also, think of your future style of life in Panama: will you maintain the old way of living or adjust it in some way? Whatever it is, carefully examine the issue, find people with similar experience and then plan your budget.
Consult with professionals
Talk to a qualified lawyer to find out the current situation concerning visas and residence in Panama for the country where you are from. Perhaps your best option is to invest, or you match the requirments for a "friendly nation" visa. Another alternative is to receive pensioner status in Panama, which provides many benefits and discounts for various services. There are many options and it is always the best to rely on the experience of professionals.
Consider your real estate options
Best advice here is not to rush and consider different options. Try to do some research on the market and its trends, determine which area of the city suits you the best. It is possible you will find a country lifestyle more appealing.
Be patient
This is perhaps one of the most important tips. Most likely, the rhythm of life in Panama would seem to you as slower than the place you are coming from. However, it is likely that a calm approach will provide excellent results.
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