Citizens from the US, Canada and the European Union can stay 180 days on their tourist visa. You get that visa automatically when you go thru Panamanian immigration. After 180 days, you must exit the country for 30 days before reentering.
For a permanent residency, there are several options. If you can prove a lifetime minimum of $1000.00 in monthly income from overseas, you can get a Retirement (pensionado) visa regardless of your age.
There’s also a visa for those who want to start a business in Panama. Only $5000.00 in a Panamamian bank is necessary.
A visa can also be granted for persons who purchase a home, mortgage free for $200,000, a Reforestation Visa which requires a $40,000 investment in a reforestation project and an Investors visa which requires you deposit $300,000 in a bank account.
After 3 years of any of these visas, you can apply for permanent residency. Your spouse and underage children dependents are eligible for a residential visa under your visa.
We recommend consulting with a reputable lawyer to understand the details of these laws and visa requirements.
A good moving company is key. Many people can put all their household goods and even their car in one 40 foot container. The container can be loaded right in front of your house in the States and brought to the front of your house in Panama. As an alternative, a single family home can usually fit most items in a 20 foot container. A family head must have begun his residency process before being allowed to import personal effects into the country.
There are no import taxes on importation of your household goods. You are allowed to bring up to $10,000.00 worth of household goods, including one vehicle, completely tax free.
For your car, it can be put in your container or shipped separately. Whether you are a Retiree or not, taxes will apply for your car.
Mexico Moving Company can help arrange door to door shipping for your items. Fill out our contact us form for more information.
You are not allowed to import any type of plants, fruits or meats. Weapons including firearms and ammunition are not allowed as well as any narcotics (even prescribed) or alcohol, including wine. You also cannot import any new electronics.
You must have the following:
Yes! We will help insure your precious goods. As a supplement we always suggest a third party insurer to provide additional protection. Contact us for more information.
Do-it Center and Novey Center are the most popular stores for do-it-yourself needs.
Panama has a host of very good supermarkets. Riba Smith, El Rey, Super 99 and Xtra are very similar to an American super market. Riba Smith with 4 stores, all in Panama City, is popular with Americans because it has the most American brands and specialty items. El Rey has stores in almost every neighborhood in the city, as well as in Coronado and David. Super 99 and Xtra are the least expensive.
The Panamanian mail system is not reliable. There are two excellent companies dedicated receiving and sending your mail as well as bringing stuff you have ordered over the internet etc: Air Box Express and Mail Boxes Etc. Airbox Express delivers your mail and packages directly to your home. Mail Boxes receives them at the offices where you can go pick them up. They’ll give your own PO Box address in Miami where you can have things sent to and they’ll bring your mail from Miami to Panama for a starting fee of about $25 a month. These mail services are invaluable for life in Panama. For more info see Air Box Express.
To be honest – Panama City traffic is chaotic and not easy to get around by car. You can hire a taxi driver to take you around. For stress-free and fun shopping, if you can, we recommend you hire a personal driver with fluent English. Uber is the best way to go – it’s by far the cheapest and easiest way to get around.
Our moving services to Panama and Mexico handle everything so you don’t have to. As many have already found, you too may be surprised at how affordable it can be compared to going through so much trouble yourself. We have more than 10 years experience helping families and retired couples move to these beautiful international destinations.