314: Panama: Why I Chose This Small Latino Country As My Home Base

The Expat Money Show - With Mikkel Thorup

“Why Panama?” I get this question every day, especially in a world where the word “expat” is still often associated with countries like the UAE, Portugal, Singapore, and others. It was not an easy decision, and it was not one my wife and I took lightly. When we decided to leave the UAE several years ago, we spent countless hours debating the pros and cons of several countries before deciding on Panama. Since I get this question so often, I decided that this week, I would share with you a presentation I gave at last year’s Expat Money Summit, in which I lay out all the reasons we settled on Panama as our home base. This will also help give you an idea of the flavour of some of the presentations you’ll hear at this year’s Summit. And don’t worry—I never do the same presentation twice, so you’ll get all new content at this year’s Expat Money Summit.

TODAY’S EPISODE ON WHY I CHOSE PANAMA AS MY HOME BASE:

• Tune in to hear me first lay out the good, the bad and the ugly of the UAE and why we decided to search for another home country.
• Listen in to hear about the most pleasant experience one could ever have losing a wallet when I lost mine in a taxi in the UAE.
• Hear me compare the stark differences in both the cost and quality of food between the UAE and Panama.
• Learn about Panama's very favourable tax situation, a big factor for many expats looking to protect their hard-earned wealth.
• It’s not all about numbers. Discover all you need to know about the lifestyle in Panama and why it suits our family so well.
• What about the visa options? Learn about Panama’s many residency options and which pathway we chose (an option that is, unfortunately, no longer available.)
• Is Panama safe? Find out what it’s like living here, how the country respects the rule of law, and whether you can legally own a gun here.
• Lastly, you’ll hear what it’s been like living in Panama City and why this Latin American metropolis has become such a hub for expats.

DON’T MISS THIS YEAR’S EXPAT MONEY SUMMIT!

Whether you’re brand new to the expat world or fully along the way to crafting your Plan-B, the Expat Money Summit is a can’t-miss event. This event is fully online from Oct. 7-11 and features experts on second passports and residencies, offshore wealth protection, international real estate, insights on geopolitics, and so much more. It features headline speakers like Doug Casey, Dr. Ron Paul, Marc Faber, Tom Woods, Scott Horton, Tom Luongo and more! Grab your complimentary ticket now at expatmoneysummit.com!

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Margaritaville Investment Webinar - Jan 11.2025

Special Presentation Alert! Hey guys, Mikkel Here! If you’re looking to start the year off right, let me tell, I have THE PERFECT opportunity for you! You’re invited to join me for a special presentation that will take us to Playa Caracol, one of Panama’s most sought-after beachfront destinations.... The very same beach where I personally own a vacation home, and let me tell you, I absolutely love spending time here with my family - it's the perfect escape from my busy life in Panama City and an even better investment destination for the adventurous offshore investors amongst us! This particular special presentation is available exclusively for the Expat Money community and isn’t available anywhere else… in my world, we call this an off-market deal. I will share a project developed by the internationally renowned resort chain; Margaritaville. The region is rapidly expanding and is poised to become Panama’s next top vacation hotspot… trust me, you DO NOT want to miss out. In this exclusive webinar, I’ll walk you through the massive upside potential of investing in this growing region and will teach you how you can get in early on this prime beachfront opportunity before the prices soar. Even if you aren’t in the market to invest, this is a must-attend event for everyone, who like me, walks the unconventional path and wants to continually expand your knowledge base on international investments. Don’t miss out. See you January 11th at 9am Eastern. That’s this coming Saturday at 9am Eastern, January 11th, 2025. To register, go to https://expatmoney.com/webinar

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