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How to Open a Bank Account in Panama
Summary: How to open a bank account in Panama from the expat perspective: covers what documents you'll need to open a bank account, key criteria when choosing a bank, opening a bank account before you obtain residency and more.
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About the Author
Betsy Burlingame is the Founder of Expat Exchange. She launched Expat Exchange in 1997 as her Master's thesis project at NYU. Some of Betsy's more popular articles include 6 Best Places to Live in Costa Rica, 12 Things to Know Before Moving to The Dominican Republic and 7 Tips for Obtaining Residence in Italy. Betsy loves to travel and spend time with her family. Connect with Betsy on LinkedIn.
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Living in Panama Guide
Our Guide to Living in Panama is a perfect primer for readers interested in Panama. Covers healthcare, cost of living, best places to live, residency, visas, real estate, moving tips and the pros and cons of living in Panama.
Panama Forum
Join our Panama forum to meet other expats and talk about living in Panama.
Contribute
Help other expats and newcomers by answering questions about the challenges and adventures of living in Panama.
Best Places to Live in Panama
Panama is a great place to live or retire with easy residency laws, warm people and lots of expats. Whether you want to live by the beach in Bocas del Toro or need to live in Panama City for work and schools, there are many places to explore.
Healthcare in Panama
Expats have differing opinions about healthcare in Panama. Many advice against public hospitals and healthcare, but some recount good experiences. This article covers public vs private healthcare, cost of healthcare, obtaining prescription medications and much more.
Cost of Living in Panama
Expats in Panama enjoy a relatively low cost of living. However, it's important to do your research to make sure you'll actually enjoy those saving while creating a high quality of life as an expat in Panama.
Moving to Panama Guide
Do you have to buy a round trip ticket when moving to Panama? How difficult is it to bring my dog? Should I buy a home in Panama? Can I find health
Pros & Cons of Living in Panama
Take off your rose-colored glasses and learn what expats have to say about the biggest challenges and the greatest rewards of living in Panama.
Panama Visa & Residency Guide
This article covers the ins and outs of the most common tourist and residency visas that expats and global nomads obtain when moving to and living in Panama.
10 Tips for Living in Panama
Expats, global nomads and retirees are drawn to Panama's ease of residency, low taxes (Panama does not tax on worldwide income), friendly Panamanians who always put family first, inexpensive healthcare and laid back lifestyle.
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International Health InsuranceGet a quote for health insurance from our partner, Allianz Care.
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Tips for Expats in Panama
Expats in Panama face unique challenges in managing their finances while living there, and that always starts with settling on the right expat financial services. Here are some basic tips from expats living in Panama - their insights are based on their actual experiences managing their finances while living there.
Costa Rica vs. Panama
When expats consider a move to Central America, there are more and more options available to them. Often, the conversation will turn to Costa Rica vs. Panama. Read what expats who have lived in both of these countries have to say.
11 Expats Talk about Living in Boquete
11 expats talk about what it's like to live in the beautiful mountain town of Boquete, Panama. From the Tuesday Market at the BCP to group hikes and drinks at Mike's Global Grill, expats love living in Boquete.
International Schools in Panama
Expats with children who explore the possibility of moving to Panama first and foremost want to know what educational options are available there. Here is a great start on exploring the options in Panama City... and beyond.
International Health InsuranceGet a quote for health insurance from our partner, Allianz Care.
Get a Quote
International Health InsuranceGet a quote for health insurance from our partner, Allianz Care.
Get a Quote
Living in Panama Guide
Our Guide to Living in Panama is a perfect primer for readers interested in Panama. Covers healthcare, cost of living, best places to live, residency, visas, real estate, moving tips and the pros and cons of living in Panama.
Panama Forum
Meet other expats and talk about living in Panama.
Best Places to Live in Panama
Panama is a great place to live or retire with easy residency laws, warm people and lots of expats. Whether you want to live by the beach in Bocas del Toro or need to live in Panama City for work and schools, there are many places to explore.
Healthcare in Panama
Expats have differing opinions about healthcare in Panama. Many advice against public hospitals and healthcare, but some recount good experiences. This article covers public vs private healthcare, cost of healthcare, obtaining prescription medications and much more.
Cost of Living in Panama
Expats in Panama enjoy a relatively low cost of living. However, it's important to do your research to make sure you'll actually enjoy those saving while creating a high quality of life as an expat in Panama.
Moving to Panama Guide
Do you have to buy a round trip ticket when moving to Panama? How difficult is it to bring my dog? Should I buy a home in Panama? Can I find health
Pros & Cons of Living in Panama
Take off your rose-colored glasses and learn what expats have to say about the biggest challenges and the greatest rewards of living in Panama.
Panama Visa & Residency Guide
This article covers the ins and outs of the most common tourist and residency visas that expats and global nomads obtain when moving to and living in Panama.
Contribute
Help other expats and newcomers by answering questions about the challenges and adventures of living in Panama.
10 Tips for Living in Panama
Expats, global nomads and retirees are drawn to Panama's ease of residency, low taxes (Panama does not tax on worldwide income), friendly Panamanians who always put family first, inexpensive healthcare and laid back lifestyle.
Panama's Pensionado Discounts
Panama's pensionado discounts are available to legal residents (55+ for women, 60+ for men). These generous discounts include 25% off airline tickets, 25% at restaurants, 50% off at hotels during the week, exemption on import tax for up to $10,000 household goods and much more.
Panama's Friendly Nations Visa
Panama's Friendly Nations Visa was introduced in 2012 and enables immigrants from 50 nationalities to easily obtain residency and a work permit.
Best Banks in Panama for Expats and Global Nomads
Expats share their recommendations for the best banks in Panama for expats and global nomads.
Expats Talk About The Biggest Challenges They Face Living in Latin America
Expats talk about some of the biggest challenges they've faced living in Latin America. Whether you're moving to Panama City or Punta del Este, this article is a must read to help you prepare (hint: you'll be much happier if you learn the language) and adjust your expectations (realities: the roads are rough, the pace of life is slower and bureaucracy is unavoidable). Despite all of the challenges, the list of what expats like about life in Latin America far exceeds the challenges.
Cost of Living: Costa Rica vs. Panama
People considering a move to Central America often narrow down their list to Panama and Costa Rica. Expats talk about the cost of living in Panama and Costa Rica - housing costs, gas, car, electric, internet, groceries, budgets for various lifestyles and more.
Pros and Cons of Living in El Valle, Panama
We are grateful that Jon, an Expat Exchange member living in Panama, took the time during the pandemic to submit an article about the the pros and cons of living in El Valle. Thanks, Jon!
Guides to Cities in Panama
Altos del Maria
Bocas del Toro
Boquete
Coronado
El Valle de Anton
Nueva Gorgona
Panama City
Puerto Armuelles
Expat Resources
Expat Health Insurance
Nomad Insurance
Shipping & Moving
International Schools
Expat Tax
Expat Counseling
More Resources
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