WHERE VACATIONS START!
This question may be polemic for some, or taken out of context by others but I am intrigued.
Since Panama is enforcing more strict immigration rules in an effort to eliminate the perennial tourist and habitual border hopper and encourage expats to become permanent residents of Panama, I have learned of several expats from Canada, US and Russia who are opting out of Panama and moving to other countries.
I know that Panama's ongoing immigration changes can be discouraging to some, but it really shouldn't as Panama has a wide variety of Visas that give you residency, not limited to Friendly Nations, Pensionado or Investment. There are even medical visas that allow you to stay one or two years for medical care, so the options are there and my question is:
Why would someone who has been established in Panama for a number of years not become a resident?
Why start over somewhere new, knowing that one cannot be a tourist in a nation forever and that eventually that new country will require residency as well?
Excellent response. The only thing I would quibble with on the financial front is to note that the cost of labor is minuscule compared to that of developed countries. As we get older and our money stretches less far, and as we simultaneously become less able to maintain things ourselves, inexpensive labor is a godsend. My guess is that labor here is a quarter of what it is in the U.S., maybe less.
In theory labor is a lot cheaper yes.....but what good does it do you if you cant find anybody to work.......? All the more motivated people are caught up in the big construction projects and there is a certain % who just arent interested in working.....I pass able bodied guys in the middle of the day goin up or down the hill here in Boqueron and I just wonder why they dont answer my ad or come knocking on my door like the old daze........Theyre too bizy playin with their phones and just foolin around......No doubt its easier in Boquete cuz theres more population but here in my area labor is scare.....and whoever is willing to work is holding the cards and can pretty much name their price.......Meanwhile the cost of labor in Nicaragua is a third to a quarter of what it is here, and unemployment is still high.........
Whoa ...... did people NOT do their homework .... their research??? Did they not make a couple of trips here first ... before they moved here??
"... then the only advantage is the weather. That is not a good enough trade off to be apart from one's family and close friends on a permanent basis."
Then why did you come here??
We interviewed three attorneys during our initial visit here .... and selected one that works out of David and Panama City ...... no B.S. with him - he EARNED our business .... he went with us to our appointments ..... got our Visa within four months .... our Cedula, a year later. (I will gladly provide you his contact info upon request).
I've said it before, and was accused of being rude (like I care), but if one doesn't like it here in Panama .... then go back to wence you came!!
@Wayne and Nancy. I am a EU citizen. If a want to retire in the USA, no way of a residents permit as a non working pensionado with US$ 60,000 income per year. In Europe an American can get a residence permit as pensionado. So do not complain about Panama. Anyway I get my pensions in Euros and since December I get almost 10% more due to the depreciations of Dollar. Killing the Goose is better than the USA bombing and killing millions of innocent people around the world!!!!
Yes Olga I am checking out next month after many years here even though a resident. If you add up all the money wasted on poor service and incorrect information it runs into the thousands for me and I believe I am well ahead of the curve. I think that is how this country is thriving. Plus this is a small country and beginning to feel like GroundHog day. Anyway too tired here and ready for new horizons.