My Final Thoughts on Living in Panama
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- เผยแพร่เมื่อ 11 ก.ค. 2024
- My Final Thoughts on Living in Panama.
Beginner ebook city guides:
Panama City, Panama - www.amazon.com/dp/B09SQCM9ZX
Rio de Janeiro, Brazil - www.amazon.com/dp/B09WQDQJ5C
Guadalajara, Mexico - www.amazon.com/dp/B09NH5221M
Medellin, Colombia - www.amazon.com/dp/B09CLRMNF1
Santo Domingo, Dominican Republic - www.amazon.com/dp/B09CCRFBVZ
Lima, Peru - www.amazon.com/dp/B09C55BH2M
Guayaquil, Ecuador - www.amazon.com/dp/B09HPG7PZ2
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I appreciate it.
Thank you for your input on my country Panama 🇵🇦. Have safe travels wherever you go. Blessings and best wishes always 🙏💞
🙏🏿Much appreciated.
I would like to study in Panama and want to rent an affordable apartment.
Can you give me any suggestions?
Thank you for visiting Panama Sly, I hope you're leaving the country with good impressions and knowing that we'll always receive you with gratitude. I hope you the best in your future travels.
Can you please recommend me a good place to rent for students?
I'm from the Dominican republic and Panama people are amazing 😍😍😍😍😍
No he ido a República Dominicana pero los dominicanos que he conocido aquí, gente maravilla! Muy cariñosa y la comida!? Uuuuhhh super rica, mofongo y morisoñando fan!!!!! 👌🏼✌🏼🙏🏼🇵🇦
Panama singa Panama singa
Great content Sly! My wife and I visited Panama City in 2019 before the pandemic and I felt at peace during my stay. Beautiful country and beautiful people. As you mentioned, it was definitely pricier than other Latin countries but stability and peace does come with a price tag. I hope to visit again soon.
Following this guy since Colombia, still as cool. You always provide us with very comprehensive information, which is your strong suit. Salute you for that bro. I've enjoyed these series, wish they were longer.
I LOVE PANAMA CITY, PANAMA💙🥇💙🥇 I was just there Early February..Going back in June... Non Stop on Copa..✈️ Weather was fantastic 💐👏💐
Great job with this summary as always, keep up the good work.
Great videos and honest opinions about Panama. Keep up the great work. Thanks.
Well done Sly. Perfect Panama synopsis in my 10 year experience, 100%!
Thanks for the video's, good luck with your next adventures!
Thank you for posting about Panama. I have been thinking about retiring there and I plan on visiting next year and checking out a few of the spots you posted on your previous videos.
Thanks for the informative video. Helps narrow down my decision a bit.
Thank you for your work. You are greatly appreciated.🙏🏽
Thanx for sharing great content Sly 😉Travel safe and be well 🙏🏼
All the best in your travels to your next destination Sly!
Also the crazy amount of fresh seafood! Panama has 2 Oceans worth.
I am going on a tour in a couple of weeks and then retiring there. Thanks for your content.
Outstanding overview of Panama. Thank you.
I need to visit Panama. Thank you for these videos.
Great conclusion on my beloved Panama 🇵🇦 .. But Panama isn't just for older people.. there's plenty to do, places to go, and opportunities available for positive young people as well.. Safe travels Sly.. Peace
Siempre me siento bien cuando visito a Panamá y la comida y la gente son increíble 🥰💕
I’ve really enjoyed this series. Thank you! ✌️
No problem 👍🏿
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Great analysis Sly!! Just completed my Panama Permanent Residency today and plan on making this my base for my business and a 2nd home. Agree with you 💯.... btw I am staying in Casco Viejo by the water and I see the police 24/7
Thank you Sly your review of Panam was very useful to me
Thanks for your advices !
Great meeting you! Stay in touch!
Looking forward to your next adventure!
Great info, I would like to visit there soon.
Students, especially in Science and Biology fields will also love it here.
Great video! Very informative.
I lived in Panama from November 8. 1999 until April 2, 2021. Panama has gotten extremely expensive, crime has gotten worse, Panamanians are extremely jealous of you if you are from USA, Canada or Europe. I left because it got to be real BORING! I had an apartment in San francisco I paid $260 per month now it is $1,000 per month. Peace and Love!
Jealous of white guys? Pure rubbish...
I have to agree with you Lloyd. I've been living in Panama now for 4 years and it's been my personal experience the people here only tolerate us Americans but don't celebrate us. Meaning the Panamanians for the most part are very clickess. If you're not from Panama or Latin your pretty much ignored. I can walk into a room and be the best dressed and the women and men will stare at you with that who he think he is look but will not crack a smile and forget about speaking. I've walked into many elevators and spoke but the Panamanian women will just simply ignore you which is really rude, PERIOD. But when a Latin guy steps on the same elevator and speaks they speak back to him. It's obvious here that has a single black man the people of Panama aren't nice at all. And believe me this has been my experiences for the past 4 years. Yes they pretend they want us here that's why the government offers the amazing "friendly nations" visa but somebody forgot to tell the people of the nation to actually be friendly. So from my perspective doesn't matter how much the country has to offer when the people you encounter daily are rude, dismissive and disrespectful the country isn't a place I want to be. So I've made it clear to all my US friends what my experience has been so they will be informed before considering this country as a place to live permanently... I've visited Colombia and the people there are so much more welcoming then the people of Panama any day...
@@RobertKing2012
Thank you for the information. I’m from Spain and my wife from Colombia, currently living in Europe and looking into Mexico, Panama, and Colombia to retire.
No doubt the fact that you don’t have to pay taxes in Panama is the main attraction.
I believe what you have experienced is similar in almost every country of the world, it’s just that in some places it’s more obvious.
I doubt Mexican enjoy all the Expats, just the money they bring. Same happens in my home country, Spain, full of Brits, Germans, and extremely conservative Scandinavians, plus all the tourists that go to Spain to do things they would never consider doing back home.
Nationalism is growing all around the world.
Best of luck if you move to Colombia, probably Cartagena and Medellin are the best options imo.
@@p.c.h.6721 awwww see thats what I'm talking about, your WIFE is from Colombia 🇨🇴. Yes after visiting Medellin I've decided that's my spot to move to. The treatment from the people is so genuinely kind. And Yes I've met a absolutely beautiful woman. So I'll commute from Panama to Colombia... Good Luck on your new adventures ✨️
@@RobertKing2012I live in Panamá and everything you said is 100% accurate
Excellent summary of your time in Panama
Thanks 👍🏿
I’m looking into it and definitely going to check out Panama. Thanks bro!
Great video. Thnx
Thanks for sharing ❤ 🇵🇦🇵🇦🇵🇦
Sly just wanted to say thank you for such nice words for my country. I've been away from Panama for the past 26 years. Guess what ? I will be back God 1st next ( 2023) for good. You always gonna be welcome. Good luck on your next trip.
I was away for 32 years before I went back in 2018..I kicked myself in the but and going back to stay in 2023...
Now is the time. Life is short. Enjoy life
Great info
Thank you for visiting Panama
💪🇵🇦🙏🇵🇦💪
Gracias!
Thanks!...I watched the entire Panama series..Good Stuff..About how long was your stay in Panama?
Great video considering being a half pat and retiring their.
Thanks for visiting us 🐼🇵🇦
I didn't see or hear any stray dogs roaming the streets. Usually in Latin America there are many strays roaming the streets & loud music in the streets. How is Panama regarding the strays & loud street music? It looks beautiful in the video.
You only have to be 18 to qualify for pensionado visa, BUT not allowed to work. Other countries including Ecuador have it. Panamá requirement is $1000/month and gives airfare discount of 25%; Ecuador (also uses USD) income requirement is only $400/mo and airfare discount of 50%.
In certain areas such as the road to Almirante they sometimes have protests blocking the road like what happens near Cali.
Cool. I didn't know that about Ecuador. Yea, I think in Panama if you're on the pensionado visa you can receive the benefits despite your age.
@@slyslife at least someone with that visa can make money as long as it’s from outside the country. If I was that young I couldn’t stand to be idle even if I was disabled.
You are right about the protest. I got caught in a protest a few years ago, heading to Boquete for 3 hours. You just have to wait in traffic till they remove whatever they have blocking the roads.
@@nypana1202 seems like its a daily thing from the posts I see everywhere. As it is pretty much everywhere else, governments don’t care about the concerns of indigenous people. They don’t have money to support them politically, so they get brushed aside and ignored so they’re going to make noise to be heard.
How can you get the program because I qualify
Thanks the review. How prevalent is English in Panama? Founded to be fluent in Spanish?
I’ll be there in 4 short days: Excited. The land where my Mom was born.
Nice.. Enjoy
your mom is a zonian ?
@@yoyix93 If that means Panameno from Colon then yes :)
Exactly
If you don't mind me asking do you travel work or just pleasure travel ?
Good video.
I was in Panama in 2014 love it met nice lady at airport
as for government stability and economic stability, you are correct on both counts. there are occasional protests, and there were certainly a number of them during the pandemic lockdowns, but having the Balboa tied to the US dollar at one to one means that there is a great deal of economic stability, however it also means that as inflation goes up in the usa, USA goods go up in price in panama.
on the question of government stability, that will never be an issue again. unlike a lot of Latin American countries, where tin pot dictators can pretty easily take over, the Panama canal ensures that the Panamanian government will always be stable because both the US government and the Chinese government will never allow any instability because that may interfere with the functioning of the canal.
I think just the us Government have rights to stop any political situation that affects Panama canal because of Torrijos-Carter Treaties
actually not even the US government has the right to interfere in Panamanian affairs, but that would not stop them if any Panamanian affairs threatened to stop commerce through the canal.
@@sosodave4192 no, they have the right to interfere if the Panama canal is in danger, it's a point on the Torrijos - Carter treaties
@@yoyix93 that's his point.
I was not aware of that aspect of the treaties.
but even if they didn't have the right, I guarantee you that the USA and China would Flex their muscles to prevent anything from interrupting the trade route, and figure out a way to justify it afterward.
Panama City Panama or San Pedro Sula Honduras? Looking at your videos I know you have been the both. These are my final two choices out of a trip I'm going to take for a month in either October or November 2022. Which had nicer people? ect
nice video:)
Waooooo bellissima panama 🇵🇦 super
How is the driving? Crazy like the rest of Latin America? It looks pretty calm...
So if money wasn’t a factor would you prefer Panama City or Medellin? Or at least the pros and cons between the 2
Sly if you haven't checked out Medellin Colombia you might want to. As a black man you'll be much more welcomed there then Panama any day... As well as the cost of living in Medellin is ridiculously lower then Panama. Take is from a brother who's been living in Panama for 4 years now. In Panama where tolerated not celebrated.... And yes the government created the "friendly nations" visa but forgot to tell the people of the nation to actually be friendly.
He lived in Medellin for a couple of years.
I hope ,,when You retired came to live in 🇵🇦
Considering moving to Panama single black female 53 retired what you think?
I don't have a US Visa, so to go to Canada from Latin America Panama is the only way. It's a long flight but i like Panama
You just gave the standard talk about Panama. Things that are published everywhere. I thought you would’ve given your own personal experience.
Is Panama city safe bro? Thanks
You have any contacts in Panama for employment visas?
Where is this park?
How much is a low end hotel?
Can anyone comment on what the mask requirements are in Panama? I see lots of people outside with them on. Is it mandated or just recommended or even just habit at this point? Thanks!
The use of mask is mandated by the goverment but I think that will be chance
at the end of your video you talk about how Panama is pretty well suited for retirees, not only from the low crime and great weather but also from the tax advantage standpoint.
I am many decades away from retirement age, but having permanent residency in panama, and not residing in the usa, gives me huge tax advantages no matter where else I travel in the world versus my us tax burden.
it also allows me to go back to the USA and work for several months out of the year, for an American company on American soil, and still be able to pay zero federal income tax.
so from a tax standpoint, regardless of the other benefits, please don't imagine that it is just the seniors who benefit from permanent residency in panama.
That's correct.. All ages can enjoy Panama. Thanks for the info
How long can you work in the States and not pay income tax??
Faze Three -- technically you could work in the USA up to a couple of days short of 6 months, however my accountant advises not doing so for more than a couple of months realistically to avoid any issues.
however, in my particular case, I own a home and cars in panama, I have a corporation in Panama and a bank account, and I have been a permanent resident here for five years.
conversely, other than some family members, I have absolutely nothing tying me to the USA besides the fact that I am a citizen.
so that would Bode very well in my favor even if I were to work for 4 or 5 months, because the IRS could never claim that I have any type of economic ties to the USA other than the fact that I happen to go there a few months out of the year and work.
perhaps one of these days I will put it to the test to see just how far I can push it.
@@sosodave4192 great info in my case my parents are Panamanian and I just got my Cedula last year. I have a good amount of family there but I'm the first...first generation American to move back...I'm a truck driver so that's why I asked I've been trying to transition into remote work but if I can drive in the states for 6 months then go back and don't pay tax would save me so much money...like you I own property in Panama as well I inherited a Condo from my Mom..I'm moving out there in approximately a year and I'm trying to gather all the info that I can
Thx
that actually asks some really interesting text questions that I don't have good answers for.
a couple of key components are that Panama has a territorial tax system, which means it only taxes you on income derived from Panamanian soil, while the USA has a global tax system, and wants a piece of the action from everywhere in the world.
another component is that neither country allows for dual citizenship, so even though you have dual citizenship, in the USA already and in Panama by the nature of your parents being panamanian, neither country will acknowledge the other countries citizenship.
which means that the citizenship issue is less of an issue versus your tax residency.
keep in mind that I am not an accountant myself, nor a tax attorney, so I can only give you my back of the napkin ideas from the conversations I have had.
having said that, assuming that you don't own your truck in the usa and don't keep an apartment or anything else there, and literally are only in the country during the time when you are driving on the road or hanging in cheap motels between driving gigs for a short time, I'm going to guess that your situation would basically be the same as mine.
that being that by law, you are allowed to spend just under 6 months every year in the USA and still be able to get by with your federal tax exclusion, however you don't necessarily want to push that issue all the way up to the 6-month mark, and you especially don't want to push that issue making all of your money in the usa.
the interesting tidbit is that, as a foreign resident in panama, the first 108,000 of your personally earned income is USA Federal tax free each year.
and this holds true regardless of the source of the income, whether it's from doing things online, working for a Panamanian company, or working for a USA company.
in the USA you will be required to pay taxes out of every paycheck, but at the end of the year you will get all of that money back other than your 15.3% self-employment tax that goes directly into your social security and Medicare fund.
but unlike all the rest of your federal taxes, at least in theory, you would end up getting back the money you put into social security eventually.
toss me an email at davewlink@gmail.com and I will get you connected with my USA CPA who lives in Panama City.
he specializes in the tax situation of folks just like us who are living in panama.
🙏🏾🙏🏾🙏🏾🙏🏾🙏🏾👌
Rich areas of Bogota have Cops out 24 hours a day.
Easy addition to the list of Sly-approved countries.
from a tax standpoint, depending on your home country, you don't actually need to obtain citizenship in Panama to take advantage of that. simply having permanent residency reduces my federal tax burden that I owe to the USA down to zero.
as always, taxes are a tricky item, but having permanent residency in Panama definitely has a whole lot of tax advantages for USA citizens.
as for becoming a citizen of panama, that is exceptionally difficult and most expats from the USA never even bother going to that extent, since you can stay in the country forever with your permanent residency and still enjoy all of the tax benefits, even without full-blown citizenship.
Yea... I meant to say permenant residency.. Thanks for the correction.
I am guessing that by the time this airs, you are probably already in your next country. it's a shame because it would have been cool to hang out with you and do a bit of nightlife in Panama city.
5:49 Even Mickey moved to Panama...
Check✔️
Check✔️
Check✔️
👍🤩
💪🏿
As a native Panama City and Colon are two different things…so Colon has a lot of safety issues and riots
48 hours wihout water...
Why is everyone wearing masks outside though?
more police everywhere kinda makes me feel less safe
LOL everyone wearing the face rags. Give it up already wake up.
In which L. A. countries did you experience riots?
Boy that part about the use of the dollar and economic stability sure went down the drain huh?
Hot & humid.
I don't think any progress country will prefer oldies over youth.
Sly does good report but he avoids the contentious aspects .
Panama suffered an INVASION of the American Armed Forces during General Noriega in December 1989 to January 1990
Panama invasion: The US operation that ousted Noriega - BBC News
Also, the Panamanian "Indigenous_ or Aborigenes are a big part of the lower classes :
Indigenous cultures of Panama - Morales Missions
Ecuador has all of this plus.
@@rudy3546 You are correct, but the perks are better in Ecuador. Also there are 4 1/2 hour flights to Houston, ATL and Florida.
@@davidforeman8177 too far
@@Nino_J No problem, enjoy where ever you go.
@@davidforeman8177 The infrastructure in Ecuador doesn't even come close to that of Panama. Also, if I needed some type of emergency surgery, I sure as hell wouldn't want to be in Ecuador. There's a reason that Johns Hopkins is affiliated with the Punta Pacifica hospital in Panama City, but with no hospital in Ecuador.
No way Ecuador is better than Panamá... I travel a lot and can say it so!
yo sly i am a navy veteran iraq war i started a channel give me a shout out. Thanks. us navy sailor
Panama just stands head and shoulders above the rest of Latin America as being a desirable place to retire. Economic stability, safety, friendliness of the people and friendliness towards retirees all get the highest marks in Panama. Taxation is an issue that is not as clear cut as many Americans think. While Panama will not tax you on your worldwide income, only your income from business or employment in Panama, the United States will. While you can use the Foreign Earned Income Exclusion to exclude $112,000 of that income from US federal taxation, you are not exempt from paying Social Security and Medicare taxes on that worldwide income because Panama and the USA do not have a tax treaty eliminating double taxation. I can't tell you how many TH-cams I have seen where erroneous information on taxation of Americans in Panama is given.
What part of panama has the prettiest women
Why is everyone wearing a mask outdoors. Panama must have had strict lockdowns.
Do people actually drive like humans there? I’ve been in Lima Peru for a month and a half and these people here can not drive to save their lifes!
It's very disturbing to see everyone walking in the open air gagged like that.
Germ rags equal dumb people Cruz they are ineffective.
Police State
Police checks. There is a reason for it, it ain't safe buddy. If it was, there wouldn't be a need for it. Also, if you don't speak, you pass as a Panamanian. If you have a lilly white ass, you are in for a totally different experience. Good travels.
The entire time you’ve been in Panama you never once mentioned the women or dating….😬 come on bruh…who do u think are the majority of people watching your videos realistically?? And if u don’t know how can you get the most out of your channel if you not appealing to your core audience. If u not sure take a poll
Calm down bro he's talked about that in his older videos from previous trips there and if that's not good enough then I'll suggest passport heavy have some good content regarding what you are looking for.
@@sovereign_king7384 shut your mouth boy…he never mentioned that extensively in Panama and who was talking to you?🤔 passport heavy is his on person if I wanted to hear his take what am I doing here🤷🏿♂️
@@b.downes6378 Dude with an attitude like yours it's best you stay wherever you are and seek a different kind of help...good day✌🏾
@@sovereign_king7384 u don’t know shit about me…u didn’t like my response so u make assumptions. I wasn’t talking to you.
Dont waste your time. In Panama drinking water is a big issue. Do not come here.
What are other big issues that aren't talked abt?
@@AerielFerguson That's bs, we actually have one of the best waters in Latin America. You can drink from any place (at least in non-rural areas) and never get any disease
@@leonelreyes1392 Okay. I guess Luisa is talking about rural areas.
The US helped set up the water system in Panama City when the canal was built. There are no problems with drinking water.
@@formerlyknownashammerofthegods the us left panama in 2000 and Panama is more than the canal zone...you know nothing about this place
Oh no. I see people wearing masks there too??