WHAT WOULD IT BE LIKE TO SETTLE IN PANAMA? | PRESENTED BY JOHN MacARTHUR WORLD TRAVEL CHANNELᴴᴰ

Описание: Hi, from John MacArthur:

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👉Is Panama The Retirement Haven you were looking for ? Pros and Cons for Retiring in Panama
Panama is rated one of the Top 10 Best Places to Retire in the World!
Besides being close to the U.S. (making travel easy), Panama uses the American dollar, so you'll have no worries about currency fluctuations. What’s more, Panama offers a wide range of options for becoming a legal resident, and its top-notch medical care is highly regarded. The best hospital, Punta Pacifica, is affiliated with Johns Hopkins and is known for performing cardio surgery, neurosurgery, and a variety of complex procedures.
#1. Warm weather year-round, beautiful beaches, beautiful mountains. No major natural disasters.
#2. If you can prove, you have $1000/month in a pension. You can qualify for the pension program, so you don’t have to worry about immigration, and visa’s all the time. Or you could straight out just get permanent residency for about 8000 to 9000 US Dollars. You can apply for citizenship in 5 years. You don’t have this option in Asian countries who are very strict with immigration.
#3. Panama uses the US dollar, so you don’t have to deal with a potentially unstable countries currency.
#4. You can own land and property with no restrictions.
#5. Relatively safe.
#6. It can be cheap if you live in a smaller town and don’t need imported goods.
#7. Panama does not tax your foreign earned income or online income.
#8. A growing economy and great future potential.
#9. Affordable quality healthcare and cheaper health insurance.
And these are some cons of retiring in Panama for American citizens.
these should not deter you from living there!:
#1. Legal system stacked toward Panamanians, especially rich Panamanians. (Rent, don’t buy, if possible. Autos will be damaged easily, and only your insurance will pay.)
#2. Theft everywhere, even from your employees. Slightly more common in Panama than the urban US. Leave valuable items in the US.
#3. Not as clean, nor as organized, nor as always-functional (water, electricity, highway repair, and improvement) as the US.
#4. Many bureaucrats are unfriendly, although that is often true everywhere in the world I’ve lived!
#5. Security is becoming an issue, but it's still manageable
If living in the city, traffic can be annoying
It is a third world country after all, so roads might not be great, and public services work but with quirks.
#6. Local politics are a mess.
#7. Panama could not be as cheap as you would expect, I think it partly depends on where you are planning to live in Panama and where you are coming from in the US. For example, certain things may be cheaper than your US hometown, but Panama is by no means dirt cheap. A massive influx of foreigners over the years has driven up prices on everything from food to real estate to medical services because there is more demand. I think moves overseas are never easy. You will be adapting to a new culture and language. I can definitely see how someone who is from say New York, and is used to fast and reliable service might have a lot of trouble adapting to slow, unreliable service in Panama.
Panama has issues with insufficient infrastructure. Just recently, there were two significant power outages, including one where a transmission line went out, and the blackout stretched into Costa Rica, Nicaragua, and El Salvador.


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