Quote:
Originally Posted by Lubicon
I've heard Panama is a good place to go, or at least it was a few years ago. One guy on my beer league team retired there. But I do like the ideas I see here of changing locations each year and spending some time in different places. That sounds really cool.
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Panama has a few perks. You can get a Friendly Nations Visa which Canada qualifies for. It costs roughly $3000 US in legal fees to get it or if you don't think you will be staying very long you can leave the country every 90 days and stay in the country on a Tourist Visa. Foreign income is not taxed. The currency is the US dollar which as you are aware is at a nasty exchange rate right now. The cost of living even including the exchange rate is still a bit less but it's also not exactly First World living.
As mentioned above, don't even think about buying in Panama. Currently there is a vast overstock in inventory and properties can take upwards of 5 years to sell if at all. Great deals on renting for the same reason.
Weather ranges from highs of about 33 to lows of about 25 all year round.
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