Let's Go to Panama | چلو چلو پانامہ چلو

Summary

In this engaging overview, the speaker introduces Panama, highlighting its stability, low crime rate, and affordable living costs compared to Pakistan. With a population of 4.4 million and a GDP per capita of $17,500, Panama offers various attractive visa programs, including research, medical tourism, digital nomad, investor, and pensionado visas. The speaker emphasizes the ease of obtaining permanent residency through investment or pension income, making Panama a desirable destination for families and retirees. Viewers are encouraged to explore these opportunities and share feedback on the informative video series.

Takeaways

• 😀 Panama is a small, stable country in Latin America, located just 1.5 hours from Miami.
• 🌴 The cost of living in Panama is low, with a beautiful capital city known for its tropical weather.
• 💰 Panama's GDP per capita is around $17,500, significantly higher than Pakistan's $1,500.
• 🔍 There are various visa options available for foreigners, including research, medical tourism, digital nomad, and investment visas.
• 🏥 The medical tourism visa allows for affordable health check-ups in Panama at around $50.
• 🧑‍💻 The digital nomad visa is available for those earning $4,000 a month from foreign sources, allowing for extended stays without taxation on foreign income.
• 🏡 Permanent residency can be obtained through investments as low as $300,000 in the local economy.
• 🌳 The reforestation visa offers permanent residency for families at a cost of $80,000, promoting environmental sustainability.
• 👵 The pensionado visa requires proof of a monthly pension of $1,000, making it ideal for retirees seeking a tax-free lifestyle.
• ✈️ Panama offers a strong passport with visa-free access to over 120 countries, making it an attractive destination for global mobility.

Q & A

What is the geographical location of Panama?

Panama is a small country located in Central America, below Costa Rica and adjacent to the Caribbean Sea.

What is the approximate population of Panama?

Panama has a population of around 4.4 million people.

How does Panama's GDP per capita compare to that of Pakistan?

Panama's GDP per capita is approximately $17,500, which is significantly higher than Pakistan's GDP per capita of about $1,500.

What are some advantages of living in Panama City?

Panama City is known for its beauty, low crime rate, affordable cost of living, and stable government.

What languages are spoken in Panama?

The primary language in Panama is Spanish, but around 99% of the population also speaks English.

What types of visas are available for individuals wanting to move to Panama?

Panama offers several visa options, including Research Visa, Medical Tourism Visa, Digital Nomad Visa, Investment Visa, Reforestation Visa, and Pensionado Visa.

What is the duration and renewal process for the Research Visa?

The Research Visa is valid for 6 to 9 months and can be renewed for an additional 2.5 years.

What requirements must be met for the Pensionado Visa?

To qualify for the Pensionado Visa, applicants must prove they receive a monthly pension of at least $1,000.

What are the benefits of the Pensionado Visa in Panama?

Holders of the Pensionado Visa enjoy discounts on domestic flights, medical procedures, and entertainment, as well as tax exemptions.

What is the significance of the Reforestation Visa?

The Reforestation Visa allows individuals to invest in forestation projects and offers permanent residency for an investment of $80,000.