314: Panama: Why I Chose This Small Latino Country As My Home Base
“Why Panama?” I get this question every day, especially in a world where the word “expat” is still often associated with countries like the UAE, Portugal, Singapore, and others. It was not an easy decision, and it was not one my wife and I took lightly. When we decided to leave the UAE several years ago, we spent countless hours debating the pros and cons of several countries before deciding on Panama.
Since I get this question so often, I decided that this week, I would share with you a presentation I gave at last year’s Expat Money Summit, in which I lay out all the reasons we settled on Panama as our home base. This will also help give you an idea of the flavour of some of the presentations you’ll hear at this year’s Summit. And don’t worry—I never do the same presentation twice, so you’ll get all new content at this year’s Expat Money Summit.
TODAY’S EPISODE ON WHY I CHOSE PANAMA AS MY HOME BASE:
- Tune in to hear me first lay out the good, the bad and the ugly of the UAE and why we decided to search for another home country.
- Listen in to hear about the most pleasant experience one could ever have losing a wallet when I lost mine in a taxi in the UAE.
- Hear me compare the stark differences in both the cost and quality of food between the UAE and Panama.
- Learn about Panama’s very favourable tax situation, a big factor for many expats looking to protect their hard-earned wealth.
- It’s not all about numbers. Discover all you need to know about the lifestyle in Panama and why it suits our family so well.
- What about the visa options? Learn about Panama’s many residency options and which pathway we chose (an option that is, unfortunately, no longer available.)
- Is Panama safe? Find out what it’s like living here, how the country respects the rule of law, and whether you can legally own a gun here.
- Lastly, you’ll hear what it’s been like living in Panama City and why this Latin American metropolis has become such a hub for expats.
DON’T MISS THIS YEAR’S EXPAT MONEY SUMMIT!
Whether you’re brand new to the expat world or fully along the way to crafting your Plan-B, the Expat Money Summit is a can’t-miss event. This event is fully online from Oct. 7-11 and features experts on second passports and residencies, offshore wealth protection, international real estate, insights on geopolitics, and so much more. It features headline speakers like Doug Casey, Dr. Ron Paul, Marc Faber, Tom Woods, Scott Horton, Tom Luongo and more! Grab your complimentary ticket now at expatmoneysummit.com!
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About The Host, Mikkel Thorup
Mikkel Thorup; the host of The Expat Money Show, has 20+ years in continual travel around the world, visiting more than 100 countries including Colombia, North Korea, Zimbabwe and Iran.
His goal now is to help Expats just like you to generate additional streams of income, eliminate your tax bill, and take advantage of offshore structures so you can travel the world freely and never have to worry about money again.
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Mikkel, I can tell you are a sincere person but also a shrewd business man. I have a statement, that I present in good faith as posed by Ronald Reagan. “… One key Reagan line that ought to be carved in stone is this: “If we lose freedom here [in the U.S.], there’s no place to escape to. This is the last stand on Earth.”
How would you respond to this with regard to intention to expatriate outside the U.S. ?
MK
I want the US to succeed, I want it to be a free place, and I am doing everything I can to fight tyranny. But I believe you have to get out of danger first, get out of the firing lines, then you can move forwards from a place of strength.