If so, you need to plan carefully BEFORE you move to Panama.
Although getting a job in Panama is easier than it used to be.
There are still paperwork and bureaucratic hurtles to get through.
Even if you do get through all those hurtles, for the most part, the pay in Panama is not high.
Before you even start doing the paperwork, you should find out if you will receive a living wage.
If you are a doctor, dentist, or chiropractor, you cannot practice in Panama unless you are married to a Panamanian – and, of course, complete all the paperwork.
Start A Business In Panama
Of course, most business – anywhere – in the world are ultimately not successful.
However, many ex-pat have started successful businesses here in Panama.
I know a family that have started 2 successful businesses here in Puerto Armuelles and on Punta Burica. Again, there is much paperwork and restrictions for foreigners to start a business.
It can be done, but before you make that your income generating plan, you need to fully investigate what such a venture entails.
The easiest way to earn money abroad in Panama is to earn your money elsewhere.
We work in Panama.
But the source of our earnings are not in Panama.
There are many ways to pull this feat off.
- “Tele-commuting” in your current job
- Teaching English on line or in person
- On-line customer service
- Medical Encryption
- Market your skill on free lance sites such as elance.com and odesk.com
- Internet marketing
- Affiliate marketing
- There are a myriad of businesses, and jobs, that you can do fully using only your computer and phone. Jobs and businesses that are based in the US, Canada, Europe, etc..
FYI: You do not need to pay Panama income tax on income that is earned outside of Panama.