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Panama
Central America • Central America
Overview
Panama's Friendly Nations Visa offers one of the easiest paths to residency for US citizens. Uses US dollar, has territorial taxation, and offers various pension programs. Panama City is modern but expensive; interior regions offer lower costs.
Visa Options
Friendly Nations Visa
Fast-track residency for US citizens with economic ties to Panama.
~4 weeks processing
Path to citizenship
Pensionado Visa
For retirees with pension of at least $1,000/month. Includes significant discounts.
Min. $1,000/mo
~4 weeks processing
Path to citizenship
Highlights
- ✓Friendly Nations Visa - easy residency for US citizens
- ✓Uses US Dollar - no currency risk
- ✓Territorial taxation - foreign income untaxed
- ✓Pensionado discounts for retirees
- ✓Modern infrastructure in Panama City
Considerations
- !Panama City cost of living relatively high
- !Hot and humid climate
- !Income inequality visible
- !Healthcare quality varies
Quick Stats
Affordability55/100
Healthcare Quality68/100
Safety60/100
English Spoken50/100
Data updated 1/26/2026