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Isla Taboga, Panama

By Joshua Wood, LPC

Last updated on Jul 10, 2023

Summary: Expats, digital nomads and retirees discuss what it is like to live in Isla Taboga, Panama: Cost of living, Finding a home, Meeting People and more.

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What do I need to know about living in Isla Taboga?

When we asked people what advice they would give someone preparing to move to Isla Taboga, they said:

"Expats considering retirement in Isla Taboga should be aware of several key factors. Firstly, the cost of living is generally lower than in many Western countries, but it can vary depending on lifestyle choices. The official language is Spanish, so learning the language or at least basic phrases can be beneficial. Healthcare in Panama is of a high standard, particularly in Panama City, but it's important to secure comprehensive health insurance. The climate is tropical, with a wet and a dry season, and it can be quite humid. Isla Taboga is a small island with a limited number of amenities and services, so for more complex needs, one would need to travel to Panama City. The island is known for its beautiful beaches and nature, offering a peaceful and relaxed lifestyle. Panama uses the US dollar as its currency, which can make financial transitions easier for American retirees. The country has a program called the "Pensionado" which offers numerous discounts and benefits to retirees, but specific requirements must be met to qualify. Panama's residency process is relatively straightforward, but it's recommended to hire a local attorney to navigate the legalities. Lastly, it's important to visit and spend time in Isla Taboga before making the decision to retire there, to ensure it suits your lifestyle and preferences," wrote a member in Isla Taboga.

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Kovalenko & Vera Attorneys at Law in PanamaKovalenko & 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.

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Kovalenko & Vera Attorneys at Law in PanamaKovalenko & 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.
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Click connect to have our partner contact you via e-mail and/or phone.

What do I need to know before moving to Isla Taboga?

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About the Author

Joshua Wood Joshua Wood, LPC joined Expat Exchange in 2000 and serves as one of its Co-Presidents. He is also one of the Founders of Digital Nomad Exchange. Prior to Expat Exchange, Joshua worked for NBC Cable (MSNBC and CNBC Primetime). Joshua has a BA from Syracuse and a Master's in Clinical and Counseling Psychology from Fairleigh Dickinson University. Mr. Wood is also a licensed counselor and psychotherapist.

Some of Joshua's articles include Pros and Cons of Living in Portugal, 10 Best Places to Live in Ireland and Pros and Cons of Living in Uruguay. Connect with Joshua on LinkedIn.

Kovalenko & Vera Attorneys at Law in Panama
Kovalenko & Vera Attorneys at Law in Panama

We've partnered with Kovalenko & Vera to help with your move.
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Kovalenko & Vera Attorneys at Law in PanamaKovalenko & Vera Attorneys at Law in Panama

We've partnered with Kovalenko & Vera to help with your move.
Learn More

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