The Expat Money Show - With Mikkel Thorup

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


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“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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    RELATED EPISODES
    312: How Expat Money Can Help You
    283: Panama Healthcare: A Personal Case Study Report
    265: Tips, Tricks & Strategies For Moving Abroad With Your Family

    Mentioned in this episode:

    No Plan-B Without the Language

    If you’re planning to move overseas—or even just set up your offshore Plan-B—learning the local language isn’t optional. It’s protection. It’s access. It’s power. StoryLearning makes it easy to start today, from home, by immersing you in real stories—not grammar drills. Spanish, Portuguese, French, and more—learn the language the smart way before you land. Go to StoryLearningCourses.com.

    Story Learning Courses

    Gold in the Caribbean—No Bank Can Touch It

    Fiat is failing. Banks are cracking. And smart investors are moving their gold offshore—outside the system. I’ve partnered with a fully insured private vault in the Caribbean where you can buy, store, and protect physical gold… legally and securely. The entire account opening is done online—fast, private, and no nonsense. If you’re serious about protecting your wealth, get the details now at ExpatMoney.com/gold

    Offshore Gold & Silver

    This Is Your Invitation to The Hub

    This isn’t for tourists. This is for serious freedom-seekers. The Hub—our private membership for expats and investors—is now open. Inside, you’ll get $2,000 off every trip, direct access to my offshore Rolodex, and exclusive calls with the sharpest minds in the game. No fluff. No gatekeeping. Just real strategies for real sovereignty. We only open this a few times a year—and spots fill fast. Go to ExpatMoney.com/go.

    Join The Hub - Our Paid Members Only Community

    No Plan-B Without the Language

    If you’re planning to move overseas—or even just set up your offshore Plan-B—learning the local language isn’t optional. It’s protection. It’s access. It’s power. StoryLearning makes it easy to start today, from home, by immersing you in real stories—not grammar drills. Spanish, Portuguese, French, and more—learn the language the smart way before you land. Go to StoryLearningCourses.com.

    Story Learning Courses

    Gold in the Caribbean—No Bank Can Touch It

    Fiat is failing. Banks are cracking. And smart investors are moving their gold offshore—outside the system. I’ve partnered with a fully insured private vault in the Caribbean where you can buy, store, and protect physical gold… legally and securely. The entire account opening is done online—fast, private, and no nonsense. If you’re serious about protecting your wealth, get the details now at ExpatMoney.com/gold

    Offshore Gold & Silver

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    The Expat Money Show - With Mikkel ThorupBy Mikkel Thorup

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