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Square in Casco Viejo, the old town of Panama City

Plan C · Also a stand-alone option

Panama – Your Plan C
outside Europe.

Panama can be prepared in parallel with Cyprus as an additional international option — or used from day one as a stand-alone place to live and build business.

Plan my Panama Explore the topics on this page

Panama City · Casco Viejo / Photo: RB Photo / CC BY 2.0

02Two paths

Cyprus + Panama: Plan B in Europe, Plan C outside Europe.
Or Panama directly.

Add an option

Cyprus + Panama

Your European base remains in place. You build an additional option beyond Europe.

Discuss an additional base

Start directly

Panama on its own

Plan your new home base directly in the country. A prior Cyprus arrangement is not required.

Discuss direct relocation

03Why Panama

Between two continents.
Connected internationally.

The canal, trade, logistics and services shape Panama. Daily life is dollar-based, with the connections of an international aviation hub.

Between two continents. Connected internationally. Panama City Boquete Canal
Geographic orientation · simplified illustration

04Regions

There is no single Panama.

There is the Panama that fits your life.

  • Luftaufnahme der Hochhäuser von Panama City mit Yachthafen an der Bucht. Featured

    Panama City

    Global city, business, strongest infrastructure

    Living $1,800–3,500+ Rent $900–2,200

    • Business
    • International
    • City
  • Luftaufnahme der Puente de las Américas über die Kanaleinfahrt, mit grünen Hügeln auf der Westseite. Featured

    Panama Pacífico

    Modern, green, family-oriented

    Living $1,600–2,800 Rent $850–1,700

    • Family
    • International
  • Grüne Hügel und Blütensträucher im Hochland von Boquete, gesehen von einer Kaffeefarm. Featured

    Boquete

    Highlands, coffee, international community

    Living $1,500–2,500 Rent $750–1,500

    • Mountains
    • International
    • Quiet & nature
  • Dunkler Sandstrand von Coronado mit Wohntürmen und Bergen im Hintergrund. Featured

    Coronado

    Pacific coast, gated communities, daily-life infrastructure

    Living $1,800–3,000 Rent $850–1,800

    • Family
    • Gated community
    • Coast
  • Der Gipfel des Vulkans Barú über Kiefern und einer Landstraße bei Volcán.

    Volcán

    Cooler, more local, agricultural

    Living $1,100–1,800 Rent $450–900

    • Mountains
    • Quiet & nature
  • Blick vom Cerro Mariposa über das grüne Tal von Santa Fé und die umliegenden Berge.

    Santa Fé

    Nature, quiet, basic infrastructure

    Living $900–1,400 Rent $300–600

    • Mountains
    • Quiet & nature
  • Weißer Sandstrand und türkises Wasser auf der Isla Iguana vor Pedasí.

    Pedasí

    Coastal town, culture, community

    Living $1,200–2,200 Rent $600–1,200+

    • Coast
    • Quiet & nature
  • Die weite Bucht von Playa Venao an der Pazifikküste der Azuero-Halbinsel.

    Playa Venao

    Surf, lifestyle, remote work

    Living higher than Pedasí Rent market-driven

    • Coast
  • Luftaufnahme von Bocas Town mit Pfahlbauten und Bootsstegen am Wasser.

    Bocas del Toro

    Caribbean, islands, tourism

    Living $1,300–2,200 Rent $600–1,300

    • Islands
    • Coast
  • Blick von der Isla Boca Brava auf bewaldete Inseln im Golf von Chiriquí.

    Boca Chica

    Boating, islands, nature, emerging

    Living $1,100–1,800 Rent $500–1,000

    • Islands
    • Quiet & nature
Forested slopes of Volcán Barú with clouds around the summit.

Boquete

Panama can mean mountain air too.

Get to know the region and climate before making a long-term property decision.

Chiriquí · Volcán Barú / Photo: FranHogan / CC BY-SA 4.0

05Highlands & coasts

Some of the world’s most expensive coffee comes from Panama’s highlands.

  • Dense coffee shrubs with green cherries on a plantation near Boquete.

    Boquete / Highlands

    Highland living and its climate

    Chiriquí · Coffee plantation / Photo: Baruc Acosta / CC BY 3.0

  • The summit of Volcán Barú above pine trees and a country road near Volcán.

    Volcán

    Cooler, more local, agricultural

    Volcán · View of Barú / Photo: Sachagriffin / CC BY-SA 3.0

  • Wide beach lined with coconut palms at Santa Catalina on Panama's Pacific coast.

    Pacific coast

    Coastal living and transport

    Santa Catalina · Pacific coast / Photo: Alex Proimos / CC BY 2.0

  • Aerial view of Bocas Town with stilt buildings and boat docks on the water.

    Caribbean regions

    Experience local infrastructure

    Bocas del Toro · Isla Colón / Photo: Dronepicr / CC BY 3.0

06Living in Panama

City, Pacific coast, highlands or Caribbean.

  • Panama City

    Global city, business, strongest infrastructure

    Living costs / month
    $1,800–3,500+
    Rent / month
    $900–2,200
    Purchase prices
    $160k–450k+
  • Panama Pacífico

    Modern, green, family-oriented

    Living costs / month
    $1,600–2,800
    Rent / month
    $850–1,700
    Purchase prices
    $150,000–320,000
  • Boquete

    Highlands, coffee, international community

    Living costs / month
    $1,500–2,500
    Rent / month
    $750–1,500
    Purchase prices
    $140,000–350,000
  • Coronado

    Pacific coast, gated communities, daily-life infrastructure

    Living costs / month
    $1,800–3,000
    Rent / month
    $850–1,800
    Purchase prices
    $170,000–380,000
  • Volcán

    Cooler, more local, agricultural

    Living costs / month
    $1,100–1,800
    Rent / month
    $450–900
    Purchase prices
    $90,000–220,000
  • Santa Fé

    Nature, quiet, basic infrastructure

    Living costs / month
    $900–1,400
    Rent / month
    $300–600
    Purchase prices
    $60,000–150,000
  • Pedasí

    Coastal town, culture, community

    Living costs / month
    $1,200–2,200
    Rent / month
    $600–1,200+
    Purchase prices
    market verify
  • Playa Venao

    Surf, lifestyle, remote work

    Living costs / month
    higher than Pedasí
    Rent / month
    market-driven
    Purchase prices
    premium growth
  • Bocas del Toro

    Caribbean, islands, tourism

    Living costs / month
    $1,300–2,200
    Rent / month
    $600–1,300
    Purchase prices
    $120k–250k+
  • Boca Chica

    Boating, islands, nature, emerging

    Living costs / month
    $1,100–1,800
    Rent / month
    $500–1,000
    Purchase prices
    $85k–200k+

Planning values Last reviewed 10/2026

Market and planning values for orientation, not guaranteed prices. Purchase figures are asking prices; please re-check before making decisions. Amounts in US dollars (US$1 ≈ €0.92).

07Family

Grow up internationally.
Think beyond borders.

An international plan for the whole family.

Green campus of the City of Knowledge with a sports field and red-roofed buildings.
Panama City · City of Knowledge / Photo: Ayaita / CC BY-SA 3.0

International schools (examples)

  • Metropolitan School of Panama

    Panama City

    Tuition p.a. 2026/27
    $11,475–18,948

    Admission/enrolment fees separate.

  • International School of Panama

    Panama City

    Tuition p.a. 2026/27
    $10,204–19,328

    Additional fees separate.

  • Balboa Academy

    Panama City

    Tuition p.a. 2026/27
    $8,328–14,643

    Additional fees separate.

  • Coronado International School

    Coronado

    Tuition p.a. 2026/27
    $3,811–5,706

    Registration/material/contribution separate.

Indicative annual fees; admission, material and other fees are extra. Please check directly with the school.

08Safety

Safety is not a single country statistic.
It starts with choosing the right living environment.

09Residency

The residency strategy must fit you.

We assess suitable categories individually. Eligibility and family circumstances determine the route.

  • Country programmes

    Nationality and personal eligibility

  • Employment

    An appropriate legal and economic basis

  • Pensionado

    Retirement and verifiable income

  • Investment

    Assets, objectives and willingness to invest

Request a personal residency assessment

Important: Residence rights are not the same as tax residence.

Income source, activity, company and actual residence are considered together.

General orientation only, not individual legal or tax advice. Requirements change – we review your situation with qualified professionals.

Perspective

Prepare an alternative
before you need it.
You do not have to move today. Depending on the programme, a residency option can be established first and maintained under the relevant retention requirements.

10Understanding the connections

Understand the territorial principle properly.

Income source, activity, company and actual residence are considered together.

  1. 01 Income source
  2. 02 Tax treatment
  3. 03 Individual / company

Your circumstances are assessed individually with the relevant professional advisers.

11Business

Form a company – with a strategy behind it.

First clarify the international structure, then plan the appropriate company.

  • Purpose

    Holding, licensing, investment or operations

  • Activity

    Management, clients and services

  • Connections

    Bank accounts and tax connections

Discuss your business structure

12Banking

International banking with clear documentation.

Preparation of business and personal account applications. No guarantee of account opening.

  • Ownership

    Beneficial owners

  • Source of funds

    Traceable origin of funds

  • Business model

    Activity and clients

  • Payment flows

    Expected transactions

13Moving

How does my life get to Panama? Suitcases, partial move or container.

  • Suitcases

  • Partial move

  • Container

  • Vehicle

  • Pets

14Your journey

From assessment to optional relocation.

  1. 1

    Strategy and residency route

  2. 2

    Documents and apostilles

  3. 3

    Company, where appropriate

  4. 4

    Travel and formalities

  5. 5

    Banking

  6. 6

    Residency obligations

  7. 7

    Optional relocation

The exact sequence depends on your circumstances. Not every client needs every element.

16Why MAXCON24

Coordinated in German.
Implemented locally.

We connect your personal and business objectives with the work of local Panamanian lawyers, tax advisers and specialists.

17Your next step

Cyprus today. Panama tomorrow.
Or Panama directly.

The key is to build the right options in good time. Together, we clarify the role Panama can play in your personal strategy.

Book a personal Panama strategy consultation