Expat Advice: Financial Issues in Bocas del Toro, Panama

What is the name of the city or town that you are reporting on?

Bocas del Toro

Which banks do you use? If you have a local account, which bank do you use? How do you like it? Do you also have an account in your home country? Which bank? Do they charge for ATM withdrawals? Do they charge a lot for international wire transfers? How has it been working with them from abroad? Do you use a special international wire transfer service? Do you use an online bank? If so, tell us about them.

Expats should be aware that Bocas del Toro is a remote area with limited access to medical care and other services. It is important to research the availability of medical care and other services before retiring in Bocas del Toro. Additionally, expats should be aware that the cost of living in Bocas del Toro is relatively low, but the cost of imported goods can be high. It is also important to research the local laws and regulations before retiring in Bocas del Toro, as they may differ from those in other countries. Finally, expats should be aware that the local language is Spanish, so it is important to learn some basic Spanish before retiring in Bocas del Toro.

Kovalenko & Vera Attorneys at Law in Panama
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Kovalenko & Vera is a Panamanian law firm that specializes in immigration law, corporate law, real estate law, banking, contract negotiation, taxes and flag registry. With more than 20 years of professional practice, Kovalenko & Vera builds lasting relationships with our clients to ensure your interests are safeguarded.

Click connect to have our partner contact you via e-mail and/or phone.

Kovalenko & Vera Attorneys at Law in Panama

Kovalenko & Vera is a Panamanian law firm that specializes in immigration law, corporate law, real estate law, banking, contract negotiation, taxes and flag registry. With more than 20 years of professional practice, Kovalenko & Vera builds lasting relationships with our clients to ensure your interests are safeguarded.
Connect

Click connect to have our partner contact you via e-mail and/or phone.