David

David is the capital city of the Chiriquí Province in Panama and serves as a hub of commerce and transportation for the surrounding region. It is the third-largest urban area in Panama and has a diverse economic base, with agriculture, livestock, and commerce playing significant roles. The city is known for its relatively flat topography in comparison to the mountainous regions nearby, which makes it an important agricultural center, particularly for the production of coffee and bananas. David is characterized by its bustling streets, local markets, and a blend of modern and colonial architecture. The city offers a range of amenities including shopping centers, restaurants, and cultural institutions like the Jose de Obaldia Historic Museum. Despite its growth, David maintains a sense of community and local charm, with festivals and events that reflect the traditions and culture of the region. The city is also a gateway to the highlands of Chiriquí, where visitors can explore cloud forests, hot springs, and the Barú Volcano National Park. David's strategic location near the border with Costa Rica also makes it a popular stopover for travelers heading to and from the neighboring country.

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The Business Panama Group is a well-established group of companies, professionals and alliance partners with 20 years of experience promoting and facilitating business, investments, real estate, immigration and tourism in Panama by providing information, business development and support services to individual and corporate investors.

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Business Panama Group

The Business Panama Group is a well-established group of companies, professionals and alliance partners with 20 years of experience promoting and facilitating business, investments, real estate, immigration and tourism in Panama by providing information, business development and support services to individual and corporate investors.
Connect

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

Visa & Residency

Panama is known for its welcoming stance towards expatriates and retirees, offering a variety of options that cater to different needs. The process of obtaining a residency visa in Panama involves several steps and the complexity can vary depending on the type of visa applied for. Two of the most popular visas are the Friendly Nations Visa and the Pensionado Visa. The Friendly Nations Visa is designed for citizens from a list of countries that Panama considers to have friendly relations with. Applicants must demonstrate economic ties to the country, which can typically be done by opening a local bank account with a minimum balance and either buying property in Panama or establishing a business. This visa leads to permanent residency and is a popular route for expats looking to work or start a business in Panama. The Pensionado Visa, on the other hand, is aimed at retirees. To qualify, applicants must prove they receive a lifetime pension of at least $1,000 per month. This visa offers numerous benefits, including discounts on services and entertainment in the country. It is a straightforward option for those looking to retire in Panama. For digital nomads, Panama introduced the Short Stay Visa for Remote Workers, which allows them to live in Panama for up to 9 months, with the possibility of extending for another 9 months. Applicants must provide proof of employment or business ownership outside of Panama, and show that they earn a stable monthly income. The general process for obtaining a residency visa in Panama involves hiring a local attorney to help navigate the legal requirements, preparing and submitting the necessary documentation (such as passport copies, proof of income, and health certificates), and paying the associated fees. After the application is submitted, it may take several months to be processed. Once approved, applicants usually receive a temporary residency card, and eventually, a permanent residency card. The process is considered to be easier and more streamlined than in many other countries, making Panama an attractive destination for expats and retirees.

Cost of Living

The cost of living in David is considered moderate in comparison to Panama City, with lower housing costs and a generally affordable lifestyle for residents.

Weather

David experiences a tropical climate with a pronounced wet season and a shorter dry season. The temperatures are generally high throughout the year with high humidity.

Healthcare in David

David is home to Hospital Regional Rafael Hernández, the main public hospital that provides a range of healthcare services to the region. Additionally, there are private healthcare facilities such as Hospital Chiriquí and Hospital Mae Lewis, which offer various medical services, including emergency care, specialized treatments, and outpatient services.

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