Panama has recently introduced a digital nomad visa

Living abroad as a digital nomad is an exciting and fulfilling experience that offers a lot of benefits. From being able to work remotely to experiencing different cultures and ways of life, it’s no wonder that more and more people are choosing to live this lifestyle.

Located in Central America, Panama offers a unique blend of modernity and tradition. Its cities are bustling with life, while its natural beauty is breathtaking. Panama also boasts the fastest internet in Central America, making it an ideal destination for digital nomads who need reliable internet access to work.

Furthermore, Panama has recently introduced a digital nomad visa, making it even easier for remote workers to live and work in the country. With affordable visa fees and the ability to stay for up to two years, digital nomads can enjoy all that Panama has to offer without worrying about the legalities of their stay. In this article, we’ll explore what it’s like to live as a digital nomad in Panama, from the best places to work to the cost of living and everything in between.

Understanding the Digital Nomad Lifestyle in Panama

Panama has become a popular destination for digital nomads due to its favorable climate, affordable cost of living, and a variety of attractions. In this section, we’ll explore the legal framework for remote workers, the cost of living and budgeting, and the availability of internet and co-working spaces in Panama.

Legal Framework for Remote Workers

Panama offers a digital nomad visa, which allows remote workers to live and work in the country for up to 18 months. To apply for this visa, applicants need to provide a copy of their passport, three passport-sized photos, and proof of income of at least $2,500 per month. The visa costs $250 for the application fee and $500 for the visa fee. This visa allows digital nomads to work remotely for companies located outside of Panama without paying taxes in the country.

Cost of Living and Budgeting

Panama has a relatively low cost of living compared to other popular digital nomad destinations. According to Nomad List, a digital nomad can live comfortably in Panama for around $2,500 per month. This budget includes accommodation, food, transportation, and entertainment. However, the cost of living can vary depending on the location and lifestyle of the digital nomad.

Internet and Co-Working Spaces

Panama has one of the fastest internet speeds in Central America, making it an ideal location for digital nomads. The country has a range of internet service providers that offer high-speed internet at affordable prices. In addition, there are several co-working spaces in Panama City, including Selina, Impact Hub, and CoWorkLatam. These spaces offer a professional environment for digital nomads to work and network with other professionals.

In conclusion, Panama is an attractive destination for digital nomads due to its favorable climate, affordable cost of living, and fast internet speeds. The country also offers a digital nomad visa that allows remote workers to live and work in the country for up to 18 months. With a range of co-working spaces and affordable internet, Panama is a great option for digital nomads looking for a new destination to work and explore.

Practical Tips for Living in Panama as a Digital Nomad

Panama has become a popular destination for digital nomads due to its warm climate, natural beauty, and affordable cost of living. However, adjusting to a new country can be challenging, especially if you are not familiar with the local customs and culture. Here are some practical tips to help you settle in and make the most of your time in Panama as a digital nomad.

Finding Accommodation

Finding suitable accommodation is essential for any digital nomad. Panama offers a variety of options, from modern apartments in Panama City to beachfront bungalows in Bocas del Toro. Websites like Airbnb and Booking.com can be useful for short-term rentals, but for longer stays, it is recommended to explore local options.

One option is to seek out local real estate agents or property managers who can help you find a suitable apartment or house. Another option is to join local Facebook groups or online communities where you can connect with other expats and digital nomads who may have recommendations or know of available properties.

Cultural Etiquette and Integration

Panama has a rich cultural heritage, and it is essential to respect and understand the local customs and traditions. Learning basic Spanish phrases can go a long way in helping you integrate and communicate with locals. Panamanians are generally friendly and welcoming, but it is important to be aware of cultural differences.

For example, punctuality is not always a priority in Panama, and it is not uncommon for meetings to start late. Additionally, dress codes are generally more conservative, and it is recommended to dress modestly in public places.

Healthcare and Insurance

Access to healthcare is an important consideration for digital nomads. Panama has a public healthcare system, but it can be crowded and may not offer the same level of care as private hospitals and clinics. It is recommended to have private health insurance that covers medical expenses and emergency care.

There are several international health insurance providers that offer coverage for digital nomads. It is important to research and compare different plans to find one that meets your needs and budget. Additionally, it is recommended to have a basic understanding of the local healthcare system and emergency services in case of an emergency.

Overall, Panama offers a unique and exciting opportunity for digital nomads to live and work abroad. By following these practical tips and doing your research, you can make the most of your time in this beautiful country.

Back to all posts