What do I need to know before moving to Panama?

"Come and visit several areas before making the move. We have snakes, though I haven't seen one yet. We do not have mosquitos. If you select an International Mover, avoid Move Management. They are very efficient on the US side, but they use PIR on the Panama side. PIR can't create a ACH to withdraw funds from your checking account, nor can they swipe a debit or credit card. As Manny Rojas in Miami,says, you can always pay in cash. (his relatives in Panama City run PIR) If you do not have two thousand in cash it may take you nine days to get the cash from an ATM, meanwhile, port charges, at $50 per day, keep mounting. I was withdrawing from 2 different banks in the US banks on a daily basis. BTW, every ATM here spits out $20.00 bills. You may have to fight with your US bank to make them understand that there is no Foreign Exchange issue in Panama. Mastercard charged as much as $12 foreign transaction. They have since reduced those fees to $5 or $6. Visa charges $4. If you don't have a place for your goods to be delivered, PIR charges $500 per month or any portion thereof, even one extra day will cost you $500.00. One more thing, if you send them a wire transfer, their bank charges PIR $90, which they will gleefully pass on to you. Bring buckets of cash or avoid Move Management. Your local US contact will drop you like a hot potato as soon as your goods are on the water. There is a storage place on the way to Boquete called Chiriqui Storage run by Hellmut and Linda Pederson. One good sized locker is $100/mo. A 20 ft. container would take two lockers," commented one expat who made the move to Boquete, Panama.

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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.
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"Definitely rent. When you find a short-term rental you really like and you demonstrate to the owner that you can be trusted they will probably let you reserve it a year in advance. That’s what we do, but we are considering the possibility of looking for a yearly lease which might cost about the same as 4-6 months short term. It would have to be a place where the owner lives nearby and can keep an eye on things. The advantage would be that you can furnish it the way you want and keep your stuff there when you are away. As far as I can see that would be cheaper and more convenient than buying," remarked another expat in Panama.