How hard is it to open up a bank account in Panama? It depends on which of these 3 groups you fall into: Permanent Panama resident status with a cedula (Panama ID card) Foreigner, Not American American (even with a cedula) Group 1 is the easiest, Group 3 is the most difficult. Americans Read More
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How To Get A Mortgage Loan In Panama
Updated - August 2017 It is not an easy process to get a mortgage through a Panama bank. It is tedious. The amount of documentation that is required will leave you flabbergasted. God forbid you forget to include a document, that can bring the whole process to a crawl. Big Developments Can Be Read More
18 Ways To Finance Real Estate In Panama
Yes, you can afford to buy property in Panama. You may not believe me. Let me give you an example from my life that may change your mind. When I was a poor college student, I wanted to go traveling. I was sad that I would never be able to afford it. One of my professors, who had spent years Read More
Hiring An Employee In Panama – Part 2
I will give my impressions and experiences on: Pros and cons of hiring a contractor vs. hiring a day wage worker Paying social security for employees in Panama In my previous post on employees in Panama, I talked about:How to choose a good employee, What to expect, and Real Read More
25 Real Monthly Budgets From Expats In Panama
In 2012, 25 people shared their actual monthly cost of living with Don Winner of Panama-Guide.com You can see all 25 of those monthly budgets below. The budgets are from a wide range of people who live throughout Panama 12 Retired Couples 7 Retired Singles 6 Families 2 Read More
Tips On Hiring an Employee in Panama
Panama offers expats amazing buying power. Housing is inexpensive compared with many places in the US and Canada. Food costs are cheaper, especially if you shop at vegetable stands, fish and meat markets, or buy from local farmers. Labor costs are similar to those paid 30 years, or more, ago in Read More
2 – Your Monthly Panama Budget – Popular Expat Towns
Location. Your balboa won't stretch as far in some places as in others. That is why the "Your Monthly Panama Budget" series, focus on location. In Part 1, we looked at the living costs in Panama City. In this post, Part 2, you will find out about the cost of living in popular expat towns. In Read More
Driving In Panama
Updated: July 4, 2017 In this post, I describe many aspects of driving in Panama Driving Safety in Panama Getting around Panama City The Rules & Laws for Driving What You Really Need to Know WAZE app Speeding & Speed Limits Police Checkpoints About Car Read More
7 Steps To Buy A Used Car In Panama
This post has 2 sections: Our Experience Buying A Car In Panama 7 Steps You Should Follow To Buy A Used Car in Panama With vital tidbits along the way, like What Is the Best Car to Buy in Panama Where & When Should You Purchase Your Car Our Experience -- Why A New Used Read More
1 – Your Monthly Panama Budget – Panama City
"What Does It Cost To Live In Panama?" The short generic answer is, " To live comfortably you need to budget $1,200 - $1,500/mo." However, as we all know, budgets depend on many factors. Before you can create your own realistic budget for living in Panama, you must know the impact of those Read More
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