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What A Guided Panama Retirement Tour Will Teach You About Retiring in Panama

Last Updated on May 28, 2023 by Retire in Panama

Guided Panama retirement tours are a sure way of seeing – firsthand – the pros and cons of choosing Panama as your future retirement location. Moreover, during these tours, you will be advised on the advantages and drawbacks of retiring in some of the most popular hotspots for Western retirees. This knowledge can be challenging if you rely on internet research and Social Media. As they say, hearing it from the horse’s mouth is the best, most accurate, and unbiased source. Which, in this case, is your relocation experts.

Who will be your Tour Guides?

When choosing a Panama retirement tour company, look for some essential things. First, ensure the company’s owners and tour guides are expats with at least five years of experience assisting expats moving to Panama. They must have gone through the experience you are considering taking on and helped many others do it, or they will need help to advise you properly. 

Retire in Panama Team

Oscar Megan Rod of Retire in Panama

A combined 25 years of experience assisting people moving to Panama
Our driver, Delberth, a Panamanian with intermediate English, also loves talking to our guests about his life in Panama.

Also, suppose you are looking to move, for example, to Latin America; make sure one of them is actually Latin American, so they can better communicate with the locals during your tour and better understand and teach the culture of the country; as for sure, it will be different than your home country. Your relocation experts traveling on tour with you should be bilingual, which I am sure you already expect.

How many people are on the Tour?

Consider the type of tour you want and the number of people you want to travel with. Some people like big groups, as you meet more people. But remember, this is not a cruise or vacation but a fact-finding mission.

Access to the relocation experts and speakers they present on tour is essential; the more questions you can get answered directly in person, the better, so consider a smaller group tour. Pick a tour with a maximum of 8 – 12 people.

Why Retire in Panama Tours1

How is after-tour support handled?

What happens after you have taken a tour and decided Panama is right for you? Well, that will depend on which guided retirement tour you choose. You will either get the tour company owners’ personal cell phone and emails to continue receiving your after-tour support, or you will be sent to an internet group to get your answers, or even some companies will charge you an hourly fee for after tour support.    

Once you have picked the right Guided Panama Retirement Tour, Retire in Panama Tours, you will learn the following:

Many Options for Residency Visa

Panama offers many options for residency Visas, more than 20 different ones, from the popular Pensionado Visa or Friendly Nations Visa to Investor and Person of Means Visa. Everyone will be different here, and by the end of this tour, you will know what Visa is correct for you. This is important so that when you go home after the tour and decide to move, you can gather the proper paperwork you need to make the Visa happen. During the tour, you will have the opportunity to speak to immigration Lawyers, who we believe are the best in the country, so that they can advise you on the best solution for your situation.

Lower Retirement Costs than in North America and Western Europe

The start of your Panama retirement tour will kick off in Panama City – the country’s capital. Although Panama City, by itself, offers an array of attractive retirement perks such as excellent infrastructure, world-class shopping, and unrivaled medical care in Latin America, most retirees prefer to spend their sunset years away from this urban hustle and bustle in secluded beach areas or up in the mountain towns. 

But we still need to spend some time in this great city, as who could come to Panama without seeing its Canal, visiting Casco Viejo, and the Amador Causeway? And a few expats like city life and may decide to retire in Panama City at a much lower cost than they could in a major city in their home country. Also, we want you to get to know the city a bit, as even if you do not retire here, you may visit often.

Over the next week, we will travel west and visit every possible expat relocation place that Panama offers, covering beach life, country life, and mountain life. There are lifestyles available in Panama for budgets from $1000 to $5000 a month.

You will learn the cost of your utilities, food, insurance, the price of items in the stores, and more.

You Will Get Familiarized with What You Need to Know About Panama Firsthand Before Relocating

Far from what you may think, this Panama retirement tour is not some form of tourist or pleasure excursion. It is not about lounging on the beach to get a tan. The focus and objective of this tour are to teach potential retirees what they need to know about relocating and retiring in Panama in an easy, stress-free, and affordable fashion.

We are not saying that it should not be fun. All your questions and concerns about spending your sunset years in sunny Panama will be addressed exhaustively by the company’s owners, who will be your relocation experts. You will learn some culture about Panama along the way and enjoy evening dinners with the group and invited expats that already live in Panama. Halfway through the tour, we will have a ½ day relaxing day, acting as a Q & A about Panama, discussing what we have learned so far, and discovering what the tour guests still have questions.

World-class Healthcare at an Affordable Price

One important thing that you will learn from your relocation tour is that health care in this Central American nation is vastly available and relatively affordable. In Panama City, you will find the only John-Hopkins-affiliated healthcare institution in Latin America. Local private healthcare insurance packages start for as low as $125 for someone in their 50’s, with 100% coverage. Moreover, as a retiree residing in Panama, you will be entitled to a 15 – 25% discount for all your medical care-related bills in any government hospital.

There are smaller clinics, doctor’s offices, and labs sprinkled throughout the country that offer excellent health care and affordable prices; Doctor’s visits for $12, blood tests for $10, and x-rays for $15.

Location, Location, Location

Location will be essential for you whether you rent or plan to buy in Panama soon. Without a guided Panama retirement tour, you will learn where you would like to live. Panama is a very small but diverse country, with its expat locations and climates. From the cities to the beaches to the mountains, the tour will take you over seven days to every possible expat community, fully developed and new up and coming. Some people like the heat and do not, so you will see climates with sunshine, hot temperatures, and beaches, to rain forest cooler mountain climates.

Please do not make the mistake we have seen many do; come down by yourself, pick a place to live, and find out six months later it is not for you. This will not happen if you come on the tour, as you will see all places you can choose from and many hidden gems you may never find yourself.
Once you have completed this Panama retirement tour, you will have all the information you need to decide to retire in Panama. You will know the ins and outs of the immigration visas available and have the proper contact made for a Lawyer to handle this for you.

If you decide to move here, you will understand the medical system and the right insurance package. You will know Panama’s rental and real estate laws; you will understand baking and how to set up your finances. You will know how to get your pets here, buy a car, and get your driver’s license.

And MOST IMPORTANT, anything that you have forgotten or need clarification on, you will continue to have direct access through email and the personal phone numbers of the three owners of Retire in Panama to get your questions and concerns appropriately answered.

It’s more than a tour . . . it’s an experience.

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