Everything you need to know that happened in the last 2 months in Panama.
Each day we sift through hundreds of articles in English & Spanish to bring you the very best ones from Central America. From investment indicators to new infrastructure projects. Adventure stories to politics. It’s all here.
Panama February 2014.
Viva Tropical
Panama Lifestyle
Panama named best place in the world to retire (NY Daily News)
The folks over at AARP, the New York Daily News and USA Today have been pointing south to Panama as the world’s top choice for where to think about retiring overseas.
Top 10 Reasons to Live, Work and Retire in Panama (Newswire)
But if you need more than one reason to take the plunge and move overseas, here are 10 Reasons to Live, Work and Retire in Panama.
Panama: A Real Estate Alternative to Costa Rica (Costa Rica Star)
If 10 reasons were not enough, did you know that Panama has over taken Costa Rica as a top retirement destination?
Dssasso
Panama Investment
Panama – the Latin American business hub? (Global Legal Post)
Panama is fast emerging as a business hub in Latin America with many incentives for companies to set up in the region.
Panama seeks to be international arbitration center (Panama America translated by Google)
Recently, Panama approved a law to regulate domestic and international arbitration. This will allow Panama to position itself as an international arbitration center. Just one more example of how Panama is positing itself as a desired home for global businesses.
Investment in Oil in Puerto Armuelles, Panama (AB Panama)
Once home to the Chiquita Banana Company, and a bustling economic center, the now sleepy port town of Puerto Armuelles (Chiriqui Provence) is being courted by Qatar as the spot for a possible oil refinery in Panama.
Deadline to resolve Panama Canal expansion receives extension to Feb. 1 (Tico Times)
Finally there is the on-again, off-again, Panama Canal Expansion which is facing major budget overruns. For now, work on expanding the Panama Canal will continue after the construction consortium officially extended the deadline until Feb. 1 to resolve a dispute over $1.6 billion in cost overruns.
Royal Caribbean
Panama Tourism
Celebrating 100 years on the Panama Canal (Travel Weekly)
There is going to be a big party in Panama this year, and you should make plans to attend the 100th anniversary of the Panama Canal.
Practically every cruise line has one trip scheduled through the 48-mile Panama Canal, which is a bucket-list item for many cruisers, especially Americans.
Copa Airlines to offer service from Fort Lauderdale to Panama (Miami Herald)
Getting to Panama is about to get even easier. Copa Airlines is to begin service between Fort Lauderdale and Panama City, Panama, in July 2014. Flights will depart Fort Lauderdale on Mondays, Wednesdays, Fridays and Saturdays.
Airlines Include Panama in Plans (La Prensa – Translated by Google)
If Copa connections were not enough, even more airlines are coming to Panama. TAP, BlueSky and Aeromexico are all negotiating flight connections from Portugal, Grand Cayman, and Mexico City to Panama’s Tocumen International Airport.
Tourism manager wants to cap Panama dengue reports (Today Panama)
But the tourism sector has been a casualty to the epidemic of dengue in Panama, as several large-scale package tours that were bound for Panama have been cancelled.
Tourist arrivals exceeds the expected target in 2013 (Panama America Translated by Google)
Even with these cancellations, Panama’s 2013 tourism statistics speak for themselves. In 2013, 2.27 million visitors came to Panama, stayed an average of 9.3 days and spent $168 per day.
Noel Maurer
Panama Economy
Panama’s Economy Will Grow Over 5 Percent In 2014, Making It The Fastest Growing Economy In Latin America (International Business Times)
Panama’s economy is expected to grow over 5% in 2014, making Panama the fastest growing economy in Latin America.
What’s pushing this economic powerhouse along?
First, the Panama Canal is knee-deep in a $3.2 billion expansion, even with the Canal’s budget hiccups and pushed back budget deadlines, it is going full steam ahead.
PANAMA GDP ANNUAL GROWTH RATE (Trading Economics)
Second, Panama saw its GDP rise 5.57%, and is expected to repeat the performance in 2014, according to Trading Economics. But the International Monetary Fund is even more optimistic, calculating Panama’s GDP growth at 6.9%, the highest in the whole of Latin America.
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Boca Chica Panama from Seagull Cove Lodge – Photo by Viva Tropical
There aren’t many places in Central America, or anywhere for that matter, where you can truly have it all. Pristine natural beauty, access to modern conveniences, solitude, and adventure lurking around every corner.
These are all things that top most expats’ wish lists of characteristics they want in a home in the tropics, but unfortunately they aren’t often found wrapped up together in one neat little package.
I’ve found just such a place in Boca Chica, Panama.
What’s even less common is finding a place that offers all of these features at a great value and–as a really sweet bonus–unbelievable investment potential.
Unless, like me, you’re one of the first on the scene.
Even rarer is having the opportunity to invest in this same beautiful bargain property and watching its value increase soon after its purchase due to no effort on your part.
That’s happening in Boca Chica.
Boca Chica Panama Boat Launch – Photo by Viva Tropical
And it’s not just because it’s a quaint little fishing village that tourists and expats are just beginning to catch wind of, although it is. A lot of tropical hotspots get their start that way, and that’s great.
But Boca Chica is different. Not only is it a place with aesthetic appeal to please your senses, it also offers a serene natural environment with plenty of opportunities for active living that can actually help you improve your health and wellbeing. And, seeing as how this beautiful landscape is less than an hour away from an airport that’s about to receive international flights from the U.S. for the first time, its potential return on investment could have you smiling all the way to the bank.
****Disclaimer: This is NOT just some rumored up-and-coming hotspot whose bandwagon I’ve decided to hop on.****
If you’re thinking that it sounds like I’m incredibly optimistic about both the lifestyle and the Panama Real Estate investment potential offered by Boca Chica…well, then you’d be right. However, what you should also know is that these opinions are not ones at which I arrived hastily.
I’m not quick to jump on the bandwagon of some these “undiscovered gems” that are sure to be the next big thing in tropical real estate. By contrast, when my business partner and I were looking for a place to serve as the location for our newest development, we drove the entire Pacific Coast from Nicaragua all the way down through Ecuador, excluding Colombia.
Boca Chica was the place that stood out from the rest.
Not only for its amazing landscapes and the incredible lifestyle it offers. But, due to several factors I’ll discuss later, it hits an out-of-the-park home run in terms of investment potential.
Tropical Modern Villa in Boca Chica – Viva Tropical
Boca Chica, Panama, is like all of your tropical fantasy settings rolled into one.
Photo From Bolanos Island – A short hop from Boca Chica
There are no words to describe the landscape of Boca Chica and its surrounding islands. But I’ll try.
Located on Panama’s Pacific Coast, the Boca Chica mainland is a relatively unknown destination that’s accessed by only one paved road. Its rolling green hills are dotted with a few eco-friendly lodges and cabanas that wind their way down to secluded inlets with private beaches.
On the horizon, in the Gulf of Chiriqui, is an archipelago that is made up of over 50 islands, many completely uninhabited, which National Geographic described as “myriad emerald isles strewn like jewels in a sapphire sea.”
I couldn’t have said it better. It’s on these islands where the real beauty of Boca Chica, Panama, is to be found.
Equally as important as their beauty is the diversity to be found on the islands near Boca Chica. On some are deserted sand beaches lined with shady palms. On others murky mangroves, with their eerie silhouettes, give way to dense jungles, teeming with species that have yet to be identified.
A few islands are almost completely covered in primary rainforests, completely untouched by human interference. You could explore for the rest of your life and never see all the amazing sights in and around Boca Chica, nor could all the memory cards you own contain the images you’d want to document.
Boca Chica Islands – Isla Gamez. Photo by Viva Tropical
It’s just the right distance from civilization.
Before you start picturing Robinson Crusoe or a delirious Tom Hanks with his volleyball, let me bring you back to reality. While these islands may have the feel of some faraway land that time forgot, they’re actually relatively close to the mainland, with some being as little as a mile or less off the coast.
Once on the mainland, not only is there the village of Boca Chica, but the bustling city of David (Panama’s third largest) can be reached in well under an hour. In David, you can buy groceries or electronics, get a massage, have your teeth cleaned, see a new release at the multi-screen movie theater, or even hop a flight to Panama City for a much more glamorous getaway.
You may not want to do any of these things. In fact, once you arrive in Boca Chica, you’re likely not going to want to leave. Ever. Just know that these amenities and more are a short distance away should you need them.
This is why Boca Chica is such a great place to enjoy a remote tropical lifestyle without sacrificing access to any modern conveniences. While you’re there you can unplug and recharge your mind and soul. But, when you get ready, it’s a quick trip into town to restock.
Phil Carter
Boca Chica offers a whole lot more than just lounging around on a deserted beach.
Because of its location and layout, the Boca Chica, Panama, area is an ocean lover’s dream. There’s so much to do on and around the many islands. It’s perfect for someone who’s looking for an active tropical lifestyle.
Island-hopping
Of course, as I mentioned, there’s island-hopping. Popular destinations are the beautiful beaches of Isla Bolanos (see video below) and Isla Gamez, as well as Punta Bejuco on the mainland. Another great place to explore is Monte Vida Park, a 50-acre crowd funded park on Boca Chica Island, whose aim is to preserve and protect the island’s rainforest.
Sport-fishing
The waters that surround the islands are brimming with aquatic life, much of it quite tasty. Nearby lies the world-famous sport-fishing destination, Hannibal Bank, home to over 50 IGFA world record catches. At this location, the ocean floor rises drastically from thousands of feet in depth to under 200 feet. These high elevations push oxygen and nutrients to the surface, attracting massive numbers of bait fish, which in turn draw large fish like black marlin and yellowfin tuna. Fishermen from all over the world travel to the Gulf of Chiriqui where they pay thousands of dollars to spend a week reeling in sailfish, swordfish, snapper, and more until they can barely move their arms. In fact, here’s a video of the 300-pound yellowfin tuna I caught just a few years ago off the coast of Boca Chica.
Scuba Diving and Snorkelling
This same underwater topography makes the area a prime spot for diving as well. As you swim among coral reefs and layers of volcanic rock, you’ll see colorful fish, sea turtles, and giant manta rays, with as much as 80 feet of visibility when conditions are right.
Some great sites are Islas Ladrones and Islas Secas. Coiba National Park is another popular dive spot, where the Smithsonian Tropical Research Institute estimates as much as half the species visible are as yet unidentified.
Surfing
Panama is also becoming a popular surfing destination and was home to the 2010 ISA World Masters Surfing Championship. A good place to find great waves in the Gulf of Chiriqui is off the coast of Moro Negrito, an island with a small surfing community. It boasts a few grass huts, a handful of instructors, and swells as much as 20 feet high.
While these spots do offer some world-class surfing, I should mention that accessing them does require either a bit of a drive or a quick boat ride. So if being able to walk straight out your back door and down to the water with your board is highest priority, there are better real estate options in other parts of the Chiriqui province.
Sailing
Boca Chica, Panama is also great for boating enthusiasts. Its waters have ideal sailing conditions, and you can rent a vessel at the Boca Chica marina or the Port of Pedregal, as well as the new Marina and Yacht Club on Isla Palenque. Other options for exploring include motor boats and even kayaks.
Boca Chica is a nature lover’s paradise.
Every single inch of Boca Chica’s land and sea is swarming with plant and animal life, a majority of which you’ve never seen before. In the rainforests, toucans and howler monkeys soar overhead. At sea, bottle-nosed dolphins swim alongside orca and sperm whales.
Study after study has proven the scientific benefits that being in nature has on your health, and there’s plenty of it to be found in Boca Chica.
Huge Rainforest on Boca Chica Island
Mangrove Forests
In that place in between, the inner mangroves serve as a source of beauty and play an incredibly crucial role in the delicate balance of the tropical environment. Their roots filter pollutants and prevent them from reaching the open sea. Their nutrient-rich water and soil sustains a variety of species, including young tropical fish that hide in the mangroves’ depths until they’re large enough to survive in the nearby reefs.
They also prevent erosion and serve as a buffer from flooding due to hurricanes. On the flip side, they also serve as reservoirs, slowly releasing their supply during Panama’s dry season.
Standup Paddle-boarding with Boca Chica Mangroves in the distance
Migratory Whales
One of the most majestic sights in and around Boca Chica is the migration of the humpback whale, which makes its annual 4,000 mile trek (the longest of any animal) from the arctic to the warm waters of the Gulf of Chiriqui, their tropical mating ground.
They’re seen often starting as early as May, but their sightings peak around October and November just before their return.
National Parks
The waters around Boca Chica are home to Chiriqui Gulf National Park and Coiba National Park, both home to a number of marine species including whales, dolphins, and turtles. While many of these can be seen throughout the gulf, they’re most prevalent within the parks’ protected waters.
Visitors to the parks can enjoy sailing, whale watching, snorkelling, fishing, and camping.
There’s even more if you’re willing to venture a short distance from Boca Chica.
As if all of that wasn’t enough, there are even more things to see and do if you’re willing to take a short drive inland from the coast of Boca Chica, Panama. The Chiriqui province is full of amazing adventures, so much so that the Panamanian government has been heavily developing it as a major tourist draw.
Whitewater Rafting
Both the Rio Chiriqui and the Chiriqui Viejo rivers are home to some of the country’s best whitewater rafting. The high elevations and frequent rainfall make it a perfect destination for enjoying year-round rapids, ranging from Class I to Class V.
Boquete
Nearby Boquete, in the Chiriqui highlands, is a popular expat destination and a great day trip from Boca Chica. Famous for its flowers and coffee plantations, it’s a beautiful place to spend some time.
Canopy Tours
Another popular attraction is zip lining or canopy tours through the cloud forests of Chiriqui. It’s a great adrenaline rush, and it’s also one of the best ways to see the forest interior, as well as birds like the resplendent quetzal.
Volcan Baru
The highest point in Panama, at 11,400 feet above sea level, Volcan Baru is also a short distance from Boca Chica. A hike to its summit is a once-in-a-lifetime opportunity. Many visitors start at midnight, reaching the peak just in time to see the breathtaking sunrise and hope for a clear view of both the Atlantic and Pacific Oceans.
Overlooking Boca Brava Hotel & Boca Chica – Photo by Viva Tropical
But I haven’t even told you the best part.
I hinted around at the investment potential hidden deep beneath the surface of the waters around Boca Chica, Panama. Now let me unpack a little bit more about why it’s such a savvy choice.
For starters, there’s still a ton of investment upside.
Boca Chica has all the ingredients for a world-class destination: natural beauty, plenty of adventure options, and close proximity to services and amenities. Yet, it’s still relatively unknown.
As a result prices haven’t skyrocketed. Yet. Even with all of these amazing opportunities, you can still buy oceanfront property on one of the many gulf islands at a really great price.
The Panamanian government is in the process of investing tens of millions of dollars into the Enrique Malek International Airport in David, which you’ll remember is less than an hour from Boca Chica. These improvements include expansions and renovations that will open this region of Panama to direct international flights from the U.S. and Canada for the first time ever.
Accessing Boca Chica, which is already easy, is about to become simpler than ever.
What that means is an increase in visitors to the area, an increase in new businesses, and a big jump in real estate values.
It’s a foolproof formula that my business partner and I have used time and time again with our own real estate investments. I’ve seen it on a small scale, where the value of an inaccessible virgin beach was driven up sharply just because they built a road where there wasn’t one before.
I’ve also seen entire regions benefit from improved infrastructure. Take Costa Rica’s Daniel Oduber Quirós International Airport in Liberia, for example. When it was built in the late 1970’s, the province of Guanacaste was just a hole in the wall. The building of an international airport changed that.
It set things in motion, and today the region is full of resorts like the Four Seasons and a Hilton.
The country saw a similar phenomenon when talk surfaced about the possibility of a new international airport in its Southern Zone. The mere mention of its construction, which still has yet to begin, was enough to spur tourism operators into business and cause real estate values to increase.
It’s easy to see why we bought a 400-acre island in Boca Chica for our newest Adventure Colony.
Boca Chica Island – Our Latest Adventure Colony
That’s why I’m so sure that Boca Chica is the single best place to buy real estate in Central America. Because I believe in this model for real estate investment, because I love Boca Chica and its serene natural environment, and because I believe there are others out there who might also like to benefit from the opportunities it offers.
That’s why it’s the site my partner and I have chosen for our latest Adventure Colony. What’s an Adventure Colony? It’s a place for people who want a tropical lifestyle, but not the kind that involves gated communities or all-inclusives or high-rise condos. The island is almost completely covered in primary rainforest, and we intend to keep it that way.
If you’re interested in learning more about the Adventure Colony lifestyle and how you can invest in property on Boca Chica island, you can get the answers to your questions by downloading our latest ebook.
Map of Boca Chica
Boca Chica Fast Facts
- Population: About 1,200 (Numbers are hard to nail down, but this is a good guestimate)
- Typical temperature: From 70 to 88 degrees Fahrenheit
- Nearest airport with U.S. flights: Tocumen Airport. Domestic flights to Panama City, Panama and international flights to Costa Rica depart from Enrique Malek International Airport in David
- Nearest U.S. consulate: Panama City
For would-be expats looking to relocate to Central America, Costa Rica and Panama are natural front runners.
And for good reason.
Located adjacent to one another at the southernmost end of Central America, the two are quite similar in many ways. Both consistently top the lists of best places to retire in Latin America, and the world for that matter.
They both boast amazing vistas, near-perfect climates, modern amenities with a low cost of living, excellent health care, and some really great options for how you can spend your free time. However, there are a few areas where one nation has a slight advantage over its neighbor.
While many areas of consideration depend largely on personal preference, we lined up Panama vs. Costa Rica in a head-to-head cage match to see which one comes out on top.
Use the Infographic on Your Own Site
Round #1: Lifestyle Hacks
Advantage: Costa Rica
Both Panama and Costa Rica offer the opportunity to simplify your life by hiring out a number of services that, quite frankly, you’d just rather not have to do on your own. You can easily enlist the help of a gardener, a driver, a tutor for your children, or even a full-time maid who cleans your house, buys your groceries, does your laundry, and prepares your meals six days a week (for less than $15 per day).
While the costs are fairly close, domestic help can be a bit more expensive in Costa Rica. Why’d we pick it as the winner if it’s the more expensive of the two? Easy.
When comparing Panama vs. Costa Rica, Costa Rica has a much more customer-oriented service culture. So, while you may pay a few more dollars per day for domestic help in Costa Rica, the extra money is totally worth it in terms of the quality of personal service you’ll receive.
Round #2 – Connectivity
Winner: Panama by a Landslide
Due in part to a long-standing U.S. military presence, Panama is one of the most connected countries in Latin America. Broadband internet service is available in most cities and is very affordable. There are also numerous free wi-fi hotspots nationwide.
In fact, Panama was recently named #2 in all of Latin America for technology and internet penetration. It also earned the #1 spot for wireless availability. That’s why so many multinational companies like Dell, 3M, and Philips are choosing to establish regional headquarters there.
By contrast, Costa Rica is light years behind its Central American neighbors in terms of internet speed. Although its average connection speed has increased 43% percent in the past year, it’s still only 2.1 megabytes per second. (Streaming a movie requires 1.5 Mbps, or 4 Mbps in high definition.)
Brian Gratwicke
Round #3 – Living Options
Outcome: Varies by Region
This category is a hard one to call. Both Costa Rica and Panama have such varied topography and eco-climates. Not to mention all the other factors that can vary greatly from one region to the next, such as climate, infrastructure, and proximity to attractions.
For comparison’s sake, we’ll compare Panama vs. Costa Rica in four subcategories and examine the top cities expats are choosing for each type of area.
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Mountain towns…Winner: Panama A popular mountain destination for North American expats in Costa Rica is Atenas. Located in the Central Valley, it enjoys mild weather year-round, great views of the surrounding mountains, proximity to San Jose, and an established expat community. Boquete, Panama, offers all those things plus cooler temps, better roads and infrastructure, and a million things to do nearby, from ziplining through cloud forests to climbing volcanoes to sport fishing off the coast.
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City living…Champion: Panama Again Panama City, the nation’s capital, is a vibrant cosmopolitan city that caters to residents and travelers looking for both business and adventure. It offers world-class shopping and dining, as well as a 655-acre rain forest that’s within its city limits. On the other hand, San Jose, Costa Rica, is much smaller, much less attractive, and much more limited in terms of anything interesting to do.
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Beach communities…Advantage: Costa Rica Beach living is right in Costa Rica’s wheelhouse. Towns like Nosara and many, many more have been drawing nomads and expats for decades, and the country caters very well to this genre. Costa Rica’s beach towns have everything you need, from aquatic adventures to quaint accommodations. Panama has a few good options, such as Coronado near the capital, but none can hold a candle to the laid-back coastal cities of Costa Rica.
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Island retreats…No Contest: Panama Costa Rica was almost a no-show for this match. There just simply aren’t many island living options available for comparison. Cano Island offers a serene natural setting among the reefs, but with such slim pickings island ownership is pretty much out of the question. However, in Panama, you can own your own piece of paradise on our own Boca Chica Island, a 400-acre private island offering lots ranging from 5 to 50 acres. It’s just off the coast in an area that’s surrounded by a multitude of land and sea adventures.
Round #4 – Green Living
Winner: Costa Rica, Hands Down
Both Panama and Costa Rica have great options for living in harmony with nature. However, Costa Rica is committed to protecting its natural environment, due largely to its importance in the country’s eco-tourism industry. Almost ¼ of its total area is dedicated to parkland.
Over 90% of the country’s electricity comes from renewable energy sources, with a plan to increase this to 95% by 2014. It’s also on its way to becoming the first carbon-free economy in the world.
Both countries have tons of options for eco-tourism, from jungle tours to mangrove exploration to scuba diving.
Smilla4
Round #5 – Cost of Living
Slight Edge: Panama
Panama and Costa Rica both boast a cost of living that is a fraction of that of the U.S. or Canada. However, from the cost of property to the cost of a bunch of bananas, prices are a bit lower in Panama on average.
It’s true that in both countries there are certain regions or cities (typically the most developed or heavily-touristed areas) where everything from rent to a three-course meal runs close to North American prices, but in general you can find more places in Panama where those expenses are considerably less.
One of the largest contributing factors to Panama’s affordability for many expats is its Pensionado Program. Available to “retirees” of any age, those who meet the income requirements can qualify for discounts ranging from 15-50% on everything from health care to entertainment.
Round #6 – Ease of Access
Verdict: It’s a Tie
Panama and Costa Rica are fairly neck and neck in this category, each for their own reason. Panama takes the prize for international arrivals and departures. Its Tocumen International Airport has flights to several North American cities, as well as various points in South America, making Panama a great destination for those who want easy access to faraway places.
Costa Rica wins for being a great jumping-off point for other adventures throughout Central America, due to its more central location and affordable travel options.
Round #7 – Business Climate
Advantage: Panama
The International Finance Corporation ranked Panama 55th in the world for ease of doing business, compared to a rank of 102 for Costa Rica. Their findings are based on an examination of 10 factors to determine which countries are most conducive to the startup and operation of a local business.
And the difference is obvious if you’ve experienced the business climate of the two nations. Panama’s government is extremely pro-business and pro-investor. It’s also something of a tax haven. Costa Rica on the other hand is much more bureaucratic, with slower processes and higher taxes and fees.
Arturo Sotillo
Round #8 – Banking
Winner: Costa Rica (For Now)
With changing regulations, in both the U.S. as well as Costa Rica and Panama, this category tends to fluctuate greatly over time. However, for the past few years at least, banking for North Americans has typically been easier in Costa Rica.
This is mainly in terms of opening and holding a bank account. Both countries share many of the same requirements (identification, proof of residence and income, etc.). However, Costa Rica only requires a $25 minimum deposit (vs. Panama’s $1,000). Panamanian banks may also ask for additional documents such as proof of employment or reference letters from one or more North American banks.
One difference worth noting is that Panama’s official currency is the dollar, while Costa Rica uses the colon. Because it’s so thinly traded, the colon generally follows the dollar. However, in the event of a financial crisis, this could mean problems for Costa Rica.
Round #9 – Investment Opportunities
Our Pick: Panama
To put this showdown into perspective, let’s use the analogy that Panama is basically the Costa Rica of twenty years ago. When North American retirees began to get tired of the overcrowded expat communities and rising costs of Mexico, they turned to Costa Rica. Now that Costa Rica has reached mega-expat status, people are looking to Panama.
Costs are still lower and, as a result, there is much more capacity for growth. In addition to those factors, the Panamanian government is and has been placing heavy emphasis on tourism investment, largely in the form of tax incentives. It’s also possible for foreign residents to obtain financing in Panama, something they can’t get in Costa Rica.
Round #10 – Healthcare
Outcome: Too Close to Call
Healthcare is excellent in both Costa Rica and Panama. The two countries both have inexpensive public health care, with Costa Rica’s being touted as one of the world’s best low-cost medical programs. In fact, the quality of its health care system is ranked 36th in the world by the WHO, with the U.S. in 37th place.
Both countries also have private hospitals available, where many of the doctors speak English and trained in the U.S. Panama has several state-of-the-art hospitals that are affiliated with world-renowned facilities in the U.S., such as Johns Hopkins.
Panama’s only drawback is the accessibility of its modern private medical facilities. They’re often found only in the largest cities, specifically Panama City and David. Those in rural areas may have trouble finding the care they need, as often only first aid is available in the most remote areas.
World Bank
Round #11 – Consumer Goods
Winner: Panama
We mentioned that the cost of living is slightly higher in Costa Rica. This is especially true when it comes to consumer goods, like groceries–for instance–which generally run about 15-20% higher than in Panama. Exports are also taxed more heavily in Costa Rica, so as a result a lot of products are much harder to find.
Costa Rica also has a higher value added tax (VAT), 14% vs. 7% in Panama. It also has a lot more taxes on luxury items like cars, electronics, and appliances. Compare this with Panama which has lower taxes and even a number of duty-free zones.
These factors have made Panama quite the shopping hub for folks in Latin America. In fact, on one of our last trips to Ecuador we met some people who were on their way back from Panama City where they’d gone specifically to buy several flat screen TVs, due to the country’s lower prices and better selection.
Round #12 – Foreign Land Ownership
Undisputed Champ: Panama
Panama has virtually no restrictions on the ownership of property by foreigners. In fact, there’s only one, and here it is. Foreigners, or foreign owners of Panamanian corporations, can’t own property within 10 kilometers of the country’s borders. That’s it. Also, under Panamanian law, foreigners have all the same protections as citizens.
By contrast, Costa Rica’s land ownership laws are not as liberally applied to foreigners. Land considered restricted or concession areas, including 95% of all beachfront property, is not eligible to be owned by foreign residents (unless they’ve lived in Costa Rica for at least 5 years). The only option for use of this kind of property is through 49% ownership in a corporation with a native Costa Rican.
The buying process is also much easier in Panama, where a good attorney can help to simplify things like title searches, purchase agreements, and the registering of the deed.
Coco Lime Monkey
Panama vs. Costa Rica…Which is the Grand Champion?
Were you keeping score during that match-up of Panama vs. Costa Rica? If so, we would advise you to take our recommendations with a grain of salt. Panama and Costa Rica both offer a host of great places to live as an expat. And determining which one is right for you depends 100% on your values and what you want out of your life in a new location.
Want to Learn about Residency Options?
Each one of these countries has different strengths, but you can listen to our interviews with the experts and find out what it takes to become a resident or if you need to do it at all. The Costa Rica residency interview is here and the Panama residency discussion can be found here.
Our best advice? Plan a trip down to Central America. Check out both of these amazing expat destinations and choose for yourself which one is right for your family.
David Panama – Pedregal Marina
Just ask anyone who lives in or has ever traveled through Panama’s Chiriqui Province, and they’ll tell you what a vital role the town of David, Panama, plays in making life easier in the surrounding Province of Chiriqui.
Located in a basin on the coastal plain, the Chiriqui capital of David is situated about 55 kilometers from the border of Costa Rica on Panama’s Pacific Coast.
The town has a population of just under 145,000 people, and isn’t as densely populated as many other cities its size, since there are few buildings over 5 stories tall.
The low population density and meager skyline give David a very small-town feel. However, it remains Panama’s second largest city and a major hub for transportation and commerce. It’s a relatively wealthy city, with a dominant middle class and a very low poverty index and unemployment rate.
David Panama
David, Panama, is different in many ways than a lot of other tropical destinations. On the one hand, a lot of its buildings are newer construction. That’s good, in that they’re functional and solidly built. But it’s bad in the sense that the city lacks the colonial charm associated with the clay structures and tile roofs common to many Latin American destinations.
So, while it isn’t exactly the country’s most aesthetically pleasing destination to purchase Panama Real Estate, David and its surrounding areas still have many factors that make the city quite attractive to tourists and expats alike. As a result, it has a large established expat community.
However, even more notable is the number of expats living in close proximity to David, who take advantage of all the amenities and conveniences it offers while foregoing its drab environment.
Here are a few of the reasons the area in and around David is so attractive to expats and travelers.
FutureExpat
1. David makes exploring & living in the amazing Chiriqui province much simpler.
Within a short distance from David are a number of fantastic destinations. The majestic Volcan Baru, the country’s highest peak, and the town of Volcan are about an hour away.
Both the mountain town of Boquete, with its coffee plantations and vibrant expat community, and the beach town of La Barqueta are only a 30 minute drive from David. It’s also only 19 miles from the country’s boundary with Costa Rica, making it an important border town.
David Panama Airport Runway
Playa Burica and Bocas del Toro are two other destinations within a short drive from David.
Also nearby (only 5 minutes from the airport) is the Pedregal Marina. This port houses the private boats and yachts owned by David’s residents. It’s also a great place to do some sport fishing. From this port, you can also explore the nearby mangroves or the Gulf of Chiriqui.
It also provides access to exotic Boca Chica and the beautiful Boca Chica Island, before giving way to the open Pacific Ocean.
While these are all amazing places to live & visit, what makes them even better is that fact nearby David offers a place to restock on supplies. It has everything travelers and residents of these more remote areas might need, making all of these areas incredibly accessible.
Situated halfway between San Jose, Costa Rica, and Panama City, Panama, David is conveniently located right smack on the Pan-American highway. It also has an international airport with flights to San Jose and Panama City. You can’t get much more accessible than that (although David may be about to…more on that later).
2. David is also a great place to stay while you explore the surrounding areas.
With so much to do within such close proximity to the city, David is a natural choice for where to set up camp while you take advantage of all the natural beauty, exotic wildlife, and opportunities for adventure that surround it.
Sure, some expats may choose to make David their home base, but when given the choice between living among cinder block buildings vs. living in an internationally-renowned mountain paradise (Boquete) or on a stunning secluded island (Boca Chica), most people are going to opt for one of the latter choices.
For those who wish to make David their temporary basecamp, it has hotels available to suit every budget.
Hotel Cuidad de David
Our favorites are Cuidad de David Hotel, whose rooms rent for around $120 per night, and for a lower cost option, Alcala Hotel ($30 per night) is clean, has a restaurant, and is centrally located.
You can also try Hotel Iberia or Hotel Iberia Sur (two hotels, same management). It has a nice restaurant, is within easy walking distance of the downtown area, and rents for about $42 per couple.
David, Panama Hotel Alcala
David, Panama Hotel Iberia
3. David, Panama, is jam-packed with supplies you’ll need.
Thousands of expats live in Chiriqui Province. Towns like Boquete and Volcan have modern conveniences and almost everything their residents need. When they can’t find something, they go to David. It’s where expats from all over Panama go for a quality piece of furniture, brand name clothing, or an obscure electronic gadget.
David Panama shopping center
There are about a dozen large supermarkets, 10 auto dealerships, six appliance and electronic stores, four department stores, three furniture outlets, two theaters (with movies in English), a Price Smart (similar to Costco or Sam’s Club), and a Do-It Center (like Lowe’s or Home Depot). Other businesses and services include clothing boutiques, shoe stores, dry cleaners, bakeries, video stores, pharmacies, salons, and even chain restaurants like KFC and T.G.I.Friday’s. And new businesses are opening regularly to accommodate a growing number of tourists and expats.
KFC in David
The roads are in good condition, and most public services are reliable. Privatized companies offer electrical service, as well as cable, telephone, and high speed internet. You can drink the water from the tap. David has frequent bus service throughout the city, and it’s quite reasonable. There’s also garbage collection twice per week and a number of local radio stations.
One thing to understand is that shopping in David (or Latin America for that matter) is different than in North America. You’ll have to get use to hunting for the things you need. It can be tough to go into one store and find everything. But once you get the hang of it, there isn’t much that you can’t find.
4. Among David’s amenities is a top-notch medical facility.
Hospital Chiriqui
Don’t let the photo fool you. Hospital Chiriqui is the largest private hospital in the region. Its state-of-the-art equipment and over 100 doctors offer quality care at extremely affordable prices. Several of the hospital’s doctors and nursing staff know at least some English, and many trained in the U.S. or Europe.
The entire experience is very different than a visit to a North American doctor. Rather than zipping patients in and out like they’re on an assembly line, the doctors take extended personal time with each patient.
There’s less government and insurance regulation, so doctors are free to make decisions based on their professional opinions. Wait times are pleasantly short once you learn to either book an appointment or show up right around the time that the doctor will begin seeing patients.
And while the care provided is top notch, the associated costs are minimal. Doctors don’t perform a lot of unnecessary tests and procedures. And, since the Panamanian society is not a litigious one, they aren’t shelling out half their income to pay for liability and malpractice insurance. As a result, those savings are passed along to the patient. For example, a visit to the ER might only cost around $25.
Services offered at Hospital Chiriqui include emergency, trauma, orthopedic, gynecology, neurology, cardiology, pediatrics, and many more. Although costs are already low, compared with the price for the same service in North America, the hospital also offers a discount program to members. The MSChiriqui program provides medical coverage and savings at Hospital Chiriqui and, in many cases, at least partial benefits at other facilities.
Like the rest of Panama, healthcare in David is nuanced. So check out our Panama healthcare report to learn more.
5. A major airport expansion means huge investment opportunity for David and the surrounding area.
David’s Enrique Malek International Airport has always been a great feature for the city. Located on the opposite side of the country from Panama City it’s always been the best way to access all the great destinations in Western Panama.
Panama’s current administration has been investing heavily in infrastructure, which is a good thing for the country and its tourism industry. One of the projects underway is the expansion of the David airport, which is a great thing for David and the areas close to it.
Grab a rental car at the David airport
Renovations include an extension of the runway, facility upgrades, and a more streamlined immigration process, all of which would make David an attractive candidate for more international flights.
In fact, Copa Airlines has indicated they plan to begin direct flights to David from the U.S. (likely beginning with Miami and/or Houston). This is all speculative at this point, but all it takes is one trip through the airport these days to convince you that major changes are underway.
This represents huge potential from a real estate and investment perspective. When infrastructure improves and towns become more accessible, they become more attractive to visitors and new residents. As a result, this expansion could have a tremendous impact on David, Panama’s real estate, particularly in areas that haven’t had the huge boom some of their neighbors have experienced.
David will certainly benefit, as will areas like Boquete, Volcan, and Playa Burica. However, towns like Boca Chica are probably best poised to see appreciation.
6. The cost of living in David is very low, even for Panama.
After hearing the list of services and amenities available in David, Panama, you wouldn’t expect to learn that it’s all offered surprisingly cheaply. But it’s true. Products and services in David costs much less than in Panama City, in many cases even half as much. You can get a nice lunch in a restaurant for $5, including a soda. A large Panamanian working-class lunch is only $2.75 and usually includes a plate full of rice, chicken, plantains or beans, and a salad.
For those who do decide to set up residence in David, utilities and services are also affordable. You can find reliable high-speed internet for as little as $19 per month, and water service for a two-person household is only about $7. You can hire domestic help for $10-$12 per day, or a full-time maid for only $175 per month. All in all, you could easily get by in David for no more than $1,500 per month, including rent, although the cost will vary depending on your lifestyle.
Real estate in David is also a bargain. You can get a smaller, Panamanian-style home that needs a little remodeling for as low as $40,000. Even a move-in-ready property would still only come in at about $75,000.
7. Recent incentives make David a great place to invest, particularly in the tourism sector.
Many of the factors we’ve already mentioned make David a prime location for investment in Panama. Although it has a lot of businesses and services already in place, there is a lot of money in David. Not to mention, expats living in nearby areas come to David to shop.
They would likely love to see more options for evening entertainment, specialty shops, and even more specialized services. And with expats continuing to settle in the Chiriqui region, David’s economy is expected to boom in coming years.
What’s more, Panama’s government is heavily focused on increasing tourism to the country. And much of its efforts are concentrated in and around David. When recent legislation offered huge incentives to those who wanted to establish tourism companies or developments in certain targeted areas, over 80% of them were in Chiriqui.
It’s clear that the government believes that in this area lies its best opportunity for tourism growth. If you spend some time there, you’ll see why.
Among the incentives available to those investing in tourism are exemptions on taxes on everything from property to imports to building materials and, in some case, even income tax. The various laws all have different specifics and qualifications. But the bottom line is that, if you want to invest in Panama (and specifically the areas around David) the government wants to make it as easy as possible for you.
Arisa
8. While there are a few negatives about David, the list is short.
No place is perfect. We all know that. And David is not without its list of shortcomings. The heat is a big one. As is the humidity. David can be absolutely sweltering with little relief from the heat. The best way to beat it is to relax in the city’s beautiful Parque Miguel de Cervantes with a cool drink of helados (fresh coconut juice) or a fresh fruit smoothie.
This is a big reason many expats don’t choose David as a place to actually set up residence. If you’re going to deal with the heat, you might as well be on the coast or a nearby island, with a nice coastal breeze to cool your skin. Or move up into the mountains where you can enjoy all the conveniences of David in close proximity, with much cooler temperatures and less rainfall.
Also, while there’s a ton to do in the areas surrounding David, the city itself doesn’t have a whole lot to offer in the way of entertainment and culture. Oh, it’s purely Panamanian. But when it comes to museums, night clubs, and fine dining restaurants, David leaves a lot to be desired. It’s a city that’s more focused on agriculture and industry than on being a cultural hub.
That being said, if that’s the worst it’s got, then David isn’t that bad of a destination for expats and tourists. In fact it gets a lot of both. However, for the most part, people tend to settle in the outlying areas. They’re just too spectacular not to! So, if you think David might not be the right place to live, then check out some of the other fantastic areas in Chiriqui. David will be there when you need it.
Map of David, Panama
David Fast Facts
- Population: About 150,000
- Typical temperature: 73 degrees lows with the highs in the upper 90’s
- Nearest airport with U.S. flights: U.S. Bound flights leave daily from Tocumen Airport, both domestic and international flights to San Jose, Costa Rica depart from Enrique Malek International Airport in David
- Nearest U.S. consulate: Panama City
For those of you that don’t know, we’ve nearly sold out our Adventure Colony in Burica, Panama. This video was taken just in front of Lot 16, which was sold a few years ago.
While on the pacific coast, due to the shape of the peninsula, we actually see the sun rise over the ocean. Check the vid to see what I mean.
Actually the lot where I shot this video is 1.6 acres, has a cabana, and you can own it for under $150k
Due to some financial troubles, the owner has to sell and is offering a discount beyond even the original purchase price.
This is pretty unheard of in a development that’s been as successful as Playa Burica.
Not only that, if you’ve grabbed your copy of Adventure Colony already, you’ll also qualify for another $15,000 in discounts.
You can head over to the Playa Burica page to get all of the details, but here are the main ones:
Size: 1.6 acres Amount of Ocean Frontage: 282 feet Includes Cabana that’s already built. Price: $149,900. And there is financing available.
This one won’t last long.
P.S. Here’s a Pic of the included Cabana
And another shot of its ocean frontage…
Sandra Conoso
Coronado Panama, could be the ideal place for expats who are looking for world-class amenities and natural beauty all wrapped up in one convenient little package. Coronado offers a resort lifestyle comparable to the atmosphere of some of South Florida’s beaches, but without the seven figure price tag. However, with its nice variety of housing options, it’s also great for the would-be expat who’s looking for a place a little further off the beaten path.
For many years Coronado served as a destination where wealthy Panamanians purchased second homes or where people flocked on weekends and holidays to escape the hubbub of Panama City. Today it’s become an international tourist and expat hotspot in its own right. An established destination, it offers many of the same conveniences and attractions as the nearby capital, but in a cleaner, quieter, and less hurried atmosphere.
Here are a few of the reasons Coronado, Panama, is one of the nation’s best places to live as an expat:
1. Coronado offers convenient proximity to Panama City.
Coronado can be reached easily from North America, by way of Panama City’s Tocumen International Airport. It’s also just a short distance off the Pan-American highway, making it very accessible by car or bus from the nation’s capital, although the roads can sometimes be congested (particularly on weekends or around holidays).
While Coronado now has almost everything its foreign residents could ever need, nearby Panama City offers even more. Panama City is quite cosmopolitan, with its 18-screen movie theaters, numerous museums and galleries, high-end boutiques, and vibrant nightlife. So, expats seeking a particular flavor of fusion cuisine or a specific brand name clothing label can likely find it only a short hour’s drive away.
While in Panama City, you can also stock up on things that might be slightly more difficult to find in Coronado, although the beach community’s selection of most items is rapidly growing as more and more businesses open. Those needing a break from the coastal heat can also find relief in the cooler elevations of the nearby Valle de Anton, which is about 50 minutes up the hill.
Coronado also offers excellent routine health care and emergency services at its San Fernando Clinic. However, those who require more specialized care can find it with the local hospital’s affiliate, Clinica Hospital San Fernando, one of Panama City’s best.
Matthew Straubmuller
2. Coronado Panama has a well-established expat community.
After many years as a hotspot for wealthy Panamanians, Coronado has recently gained tremendous popularity among expats. In addition to immigrants from the U.S. and Canada, Coronado is also home to expats from the U.K. and places all across South America. In fact, it boasts Panama’s second-largest expat community (after Boquete).
As a result of decades of expat influx, Coronado has become increasingly friendly to North Americans and other foreigners. English is widely spoken, and many North American conveniences have already been established.
However, despite its size and its strong North American influence, residents love Coronado for its strangely small-town feeling. It is a close-knit community, with a lively social scene. A deep camaraderie exists, not only among its expats, but also between them and the native Panamanians who live or vacation in Coronado.
Marcio Da Mata
3. Coronado has some of the most beautiful beaches on Panama’s Pacific coast.
Those visiting Coronado might often find themselves having to do a double take to be sure they haven’t mistakenly landed somewhere on an established beach in South Florida. Its black and white sand stretches on for miles and miles, allowing for a beautiful natural setting that’s adjacent to world-class resorts and high-rise condos.
Coronado’s seaside location also makes it a great place to enjoy a variety of water sports, such as surfing or kiteboarding. You can also enjoy activities such as scuba diving, sailing, or deep sea fishing.
And everything is within walking distance. You can spend the morning at the health club, playing tennis. Then you can stroll down the beach to dine with a friend at a seaside cafe. After a dip in the ocean, you can walk back to your condo for a shower before meeting your spouse for a fine dining experience at the neighboring resort’s restaurant, looking out on a spectacular sunset.
4. Coronado offers an abundance of lifestyle and leisure options.
As Coronado’s expat population has grown, so have the number of options available for shopping, recreation, and other professional services. A resort membership provides you access to a professional golf course and tennis courts. You can also enjoy the pool and spa facilities. There’s even an equestrian club available for boarding horses.
Shopping plazas continue to pop up everywhere, and there are three supermarkets that are open round-the-clock. A variety of restaurants offer plenty of cuisine options. There are pharmacies, a private medical clinic, and even a veterinarian. There’s also a popular department store and a popular Panamanian home improvement store.
Other conveniences include a dry cleaner, a Mailboxes Etc., and a new gym. There are also three international schools in Coronado, making it a great option for young expat families with children. Businesses and services grow in response to expat needs, so as more and more foreign residents relocate to Coronado its options are likely to continue to increase.
5. Coronado’s infrastructure is better than that of most other coastal areas.
Great infrastructure is often somewhat of a rarity for beach communities. Not so in Coronado, due in part to its location and its long-standing rank as a top destination for locals and expats. This equates to conveniences like water and electrical service that are widely available and extremely reliable.
Also readily accessible is wireless internet, which is also very affordable. Coronado also has great roads, transportation, and other public services. As a result, it’s one of the country’s most turnkey options for expats who want a move-in ready home, community, and city. Coronado isn’t up-and-coming. It has already arrived.
6. Coronado offers lots of options for staying healthy and fit.
The people of Coronado, Panama, are an extremely health-minded community. Many residents grown their own fruits and vegetables, as well as spices for healthy cooking. Mango, papaya, plantain, and banana trees can be found everywhere. Fresh, locally-grown produce can also be purchased from a number of street vendors.
In addition to healthy eating, many residents of Coronado lead very active lifestyles. In addition to water sports you can find expats playing golf or tennis at the resort or gym. There are also groups and classes where you can participate in yoga or meditation. Many expats also spend their time staying mentally and spiritually fit by volunteering or supporting local causes.
Vivi Panama
7. Coronado has community and housing options for every budget and lifestyle.
Coronado’s central neighborhood is a gated community, which is guarded and also situated next to the Coronado Police Department for added security. This upscale area is well secured and has top-notch private facilities.
However, resort-style living isn’t necessarily for everyone. Coronado has a wide variety of choices to suit any preference. You can choose a Tuscan villa on a secluded lot, an efficiency apartment in a high-rise building, or a beachside bungalow with a view of the sea.
Prices can vary drastically, depending on the property’s location and amenities, but a smaller home can be had for as little as $250,000. Rental rates could range from $700 on up to $3000 or more for some of the most desirable properties.
While slightly more expensive than many areas in Panama, Coronado is still extremely affordable by North American standards. For expats who don’t mind being a bit farther from the action, you can find bargains on real estate in nearby areas such as the hillside town of Las Lajas, where you can find a modest home for under $200,000.
Coronado also has the added benefit of being in Panama, which enjoys an incredibly low cost of living. All this luxury can still be enjoyed for a fraction of the cost for the same lifestyle in North America, including high-speed internet and a full-time maid. Those eligible for the country’s pensionado visa can benefit from even greater savings.
Coronado, Panama, could be the perfect place for you if you’re a would-be expat who doesn’t want to compromise your lifestyle. And why should you? Here you can enjoy all the amenities of a South Florida retirement on a Latin American budget. Combine that with easy access and first-world infrastructure and you have a recipe for luxury.
Whether or not Coronado ends up being your ideal retirement destination, it certainly isn’t a shabby place to visit. Plan your trip today to find out if Coronado, Panama, is right for you.
Map of Coronado Panama
Use this quick map to see where Coronado fits in Panama and its proximity to the nearest international airport, Tocumen International Airport.
Fast Facts
- Population: About 20,000.
- Typical temperature: Ranges mid 80s to upper 90s
- Nearest airport with U.S. flights: Tocumen Airport, Panama City
- Nearest U.S. consulate: Panama City
Viva Tropical
Boca Chica, Panama is a little-known island destination that delivers big on adventure and atmosphere. Located on Panama’s Pacific coast, Boca Chica offers its visitors and residents opportunities for sport fishing, snorkeling, surfing, and awing over its exotic flora and fauna. With so much to see and do, Boca Chica has been gaining much attention recently, as more and more people are finding out about this coastal hideaway and all it has to offer.
And of course we have a special affection for Boca Chica, since that’s the home of our 400 acre private island Adventure Colony.
Because it’s somewhat remote, Boca Chica is also an ideal destination for those looking for a more relaxing or romantic getaway. Its fine sand and dark water make it a beach lover’s dream. Its tropical climate and landscape of lush valleys will make you think you’re in paradise. There you can sunbathe on an almost isolated beach or venture out to one of Boca Chica’s 50+ islands, many of which are uninhabited.
Boca Chica, Panama is within arms reach of banana plantations, deserted islands, jungles, mountains, and a marine park with coral reefs that are home to whales, manta rays, and a variety of sporting fish. And with the new airport in nearby David, it’s now easier than ever to access Boca Chica and all of these great attractions.
With so many opportunities for adventure in and around Boca Chica, it’s the perfect place to set up camp while you explore the area. Here, in no particular order, are the hotels that rank at the top of our list for accommodations on the Boca Chica mainland.
Gone Fishing Panama
Gone Fishing Panama
This resort offers upscale accommodations that include professionally decorated rooms, a large bar and dining area, and a vanishing edge pool that offers panoramic views of the surrounding natural beauty.
Gone Fishing Panama offers fishing charters aboard Good Fellas, its state-of-the-art 31′ boat. They’ll also take you for a day and a half excursion to Coiba Island National Maritime Park, a whale watching cruise, a jungle tour, a road trip to several nearby destinations (like Boquete), or just about anything else you want to do.
You can also relax on the beach or by the pool or take part in a variety of other land and sea activities, such as snorkeling, horseback riding, waterskiing, sailing, surfing, hiking, or bird watching.
The hospitality at Gone Fishing Panama is unrivaled. And the food is fantastic. Many packages include three meals a day. The menu includes the freshest fruits, vegetables, and herbs (many grown on site), as well as the “catch of the day” which is usually caught just a few hours before it’s served.
In-room massages are offered, as are manicures and pedicures. The bar has dancing and karaoke nightly. The beautiful grounds are available for weddings and other events.
Bocas Del Mar
Bocas del Mar
At Bocas Del Mar you’ll find the fresh, modern amenities you’d expect from a first world hotel. It’s the newest lodging establishment in Boca Chica and the one that most closely resembles the traditional hotel experience. Its 16 individual bungalows, or cabanas as the locals call them, are contemporary and well-appointed accommodations set into the natural beauty of tropical gardens and alongside the sparkling sea.
With a dedicated focus on customer service and attention to detail, the staff promises to deliver personalized attention and service to maximize each guest’s resort experience. Bungalow amenities vary, but some include hot tubs, private parking spaces, or dedicated courtyards.
Bocas Del Mar has two infinity pools, with waiter service for drinks and snacks. There’s also a gourmet restaurant and bar serving an international-style menu. Room service is also offered. Fresh seafood, including lobster, is usually available. The kitchen will also gladly prepare your very own fresh catch if you have one.
The resort has a private dock where you can book a variety of excursions such as deep sea fishing charters, island-hopping trips, and the hotel’s very own “4 Hour Tour” aboard its 26′ boat. The staff is very knowledgeable about Boca Chica and the surrounding areas and are more than happy to recommend and book tours for their guests. Transport to and from the airport in David is available upon request.
Seagull Cove Lodge
Trip Advisor
The accommodations at Seagull Cove Lodge feel like more of an extension of the natural environment. With its unique layout, it is a place where you can enjoy the beauty and tranquility of the area as well as modern conveniences and exceptional service. Each of its 5 bungalows offers an ocean view, and they cascade down a lush hillside where they lead to a tiki bar that’s built right out on top of the beautiful Pacific Ocean.
The lodge’s rooms offer plenty of privacy, while its common areas invite guests to meet and mingle with others from all across the globe. Committed to creating a harmonious atmosphere, the property has lots of green space, a private beach, and tropical gardens. It’s a great place to relax, rejuvenate, and recharge.
The Mediterranean-style lodge boasts a tranquil fountain lounge bar, a gourmet restaurant, and an artistic pool. Fresh fish is delivered daily to the private dock, and the menu is constantly changing. The chef at Seagull Cove Lodge serves up Central American and international fare that guests enjoy from tables overlooking the ocean.
Your day can be spent relaxing on the beach, or you can choose from a variety of activities. Excursions such as sea kayaking, whale watching, and deep sea fishing can all be arranged for you by the staff.
What are you waiting for? Plan a trip to beautiful Boca Chica, and book a reservation to stay at one of these fine establishments.
UNESCO
How much do you know about Panama? If you’re like many potential expats, your knowledge may be limited to the fact that it’s home to the Panama Canal and the birthplace of the Panama hat. And you’d be wrong about the latter. (They actually originated in Ecuador.)
If you’re considering visiting or relocating to this important international destination, or if you just want to brush up on your general knowledge of Central America, here are some Panama facts to educate you on some of the country’s highlights.
General Panama Facts
Panama is an isthmus that connects the Central American country of Costa Rica to Colombia in South America. Shaped like a sideways “S,” it runs from west to east and borders both the Caribbean Sea and the Pacific Ocean.
Its total area is around 29,150 square miles (slightly smaller than the state of South Carolina), and it has a population of about 3,595,490 (less than the city of Los Angeles). Many of the country’s residents (1,272,672 to be exact) live in or near the capital, Panama City.
The rugged terrain and lack of good roads can make accessing areas along the Caribbean coast more difficult. As a result, the population is also heavily concentrated on the southern, Pacific side of the country, where the Pan-American highway runs. Panama’s Darien province also contains the only break, known as the Darien Gap, in the entire highway system that connects the farthest tips of North and South America.
Panama enjoys a tropical climate, with temperatures ranging from 87 to 95 degrees Fahrenheit year round. Relief from the heat can be found at the higher elevations, where temps are generally in the 70s. Its only season variation is between its wet (April to December) and dry (January to April) seasons.
Panama’s History
The Isthmus of Panama was discovered by Spanish explorers Rodrigo de Bastidas and Vasco Nunez de Balboa in 1501. In 1510 Santa Maria La Antigua del Darien became the first permanent settlement on the American mainland. The Pacific Ocean was reached on an expedition led by Balboa in 1513, and Pedro Arias Davila established Panama City on August 15, 1519, almost a hundred years before Jamestown, Virginia, was founded.
Panama remained a Spanish colony until 1821 when it became part of the Gran Colombia, under the rule of Simon Bolivar. It gained its independence from Colombia in 1903.
The People of Panama
Panama is comprised mostly of mestizos (68%), those of mixed Amerindian and European descent. The other categories include black and mulatto (10%) and white (15%). Amerindians (or American Indians, those indigenous to the region) account for another 6%.
Spanish is the official language. However, English is widely spoken. In fact, approximately 14% of the country speaks English. Several Indian languages are also used among native peoples.
The majority of the population (75-85%) identifies with the Roman Catholic church. However, freedom of religion is guaranteed by the nation’s Constitution. Protestantism, Judaism, Islam, Buddhism, and many other religions are also practiced in Panama.
Lon & Queta
Panama’s Structure and Government
Panama is divided into nine provinces and three Indian territories. It is a constitutional democracy whose representatives are elected by direct vote. The executive branch consists of a President and Vice President who are elected for a non-renewable five-year term. The 71 members of the National Assembly, the legislative body, are also elected every five years, often resulting in sudden, drastic changes in policy. Supreme Court justices are nominated by the executive branch and designated by Parliament.
Panama’s Economy
The official currency of Panama is the Balboa. However, the U.S. dollar is also widely accepted and exchanges at a rate of 1:1, making it an easy place to live and invest. To further attract investors, a recent law was established to protect investments made in all economic sectors. Both natives and foreigners are free to do as they wish with the products and profits generated with Panamanian investments, up to and including trading or transferring them to other countries. It also establishes an arbitration provision, eliminating the danger of dealing with the Panamanian judicial system.
Its main industries include food processing, chemical manufacturing, textiles, and the manufacturing of machinery and metal products. Among its agriculture products are coffee, bananas, sugarcane, cotton, beef, and veal. Its largest exports are coffee, shrimp, lobster, cotton, tobacco, and bananas.
Other revenue producers include the banking and services industries, tourism, tax-free zones, and the Panama Canal. Panama’s economy has boomed in recent years, so much so that the country experienced a shortage of skilled workers. As a result, a new visa was introduced to attract foreign professionals and their families to live and work in Panama. The shortage also prompted large investments in Panama’s school system for a more long-term approach. The country has a high literacy rate at 93%.
Because its tax law is strictly applied to income produced within its territory, it is also considered something of a tax haven. All transactions made or executed in or affecting areas outside of Panama are exempt from income taxes. Property and other taxes are also quite favorable.
The Panama Canal
Among its most notable landmarks is the Panama Canal, a 48 mile ship canal that first opened in 1914 and took 33 years to build. The passageway was instrumental in opening up trade and travel to the west coast of the U.S. as well as nations in and around the Pacific Ocean.
The Canal was controlled by the U.S. until 1977 when a series of treaties made way for it to be handed over to Panama. Since 1999 it has been solely operated by the Panamanian government. Named one of the seven wonders of the modern world, it has been expanded many times with its third lane of locks slated to open in 2015.
Surprisingly, the canal itself only accounts for 4% of the country’s Gross Domestic Product (GDP). However, due to the multiplier effect, its impact is much more far-reaching. Its employees spend their income on consumer goods, which in turn fuels businesses like restaurants and grocery stores. As a result, it’s estimated that the canal indirectly accounts for closer to 30% of the nation’s GDP.
Panama’s Infrastructure
Panama has excellent infrastructure when compared to many of its Latin American neighbors. And recent investments into roads, airports, and other systems are literally paving the way for even more businesses and visitors to come to Panama. These include a $5.2 billion Canal expansion, airport renovations, five new highways, new hospitals, and $1.5 billion for a Metro line, Panama’s first subway system.
Panama is also a highly connected country, due in part to a longstanding U.S. military presence. In fact it ranked as the second best Latin American country for technology and internet penetration. Telephone service, high-speed internet, cable, and satellite service are also affordable and reliable.
Panama’s Nature
Angie Harms
Roughly a fifth of Panama’s entire land area is protected areas. This includes nature reserves, national parks, wilderness areas, and others. In addition to these land features, Panama is also home to three protected wetland sites.
Though not as naturally diverse as some of its Central American neighbors, Panama boasts a tremendous amount of flora and fauna that make it a nature lover’s paradise. Its forests are home to almost 10,000 species of plants, including 200 that are currently endangered. Panama’s resourceful natives have used many of these for centuries as medicine, food, and construction materials.
Panama also claims over 200 mammals, as well as many reptiles, amphibians, and fish. It also contains 10% of the world’s bird species, including the rare resplendent quetzal.
Traveling to Panama
Panama is five hours behind Greenwich Mean Time (GMT). It’s also one hour ahead of its Central American neighbors. It does not observe daylight savings time so, depending on the time of year, it corresponds with either the U.S.’s Eastern Standard Time or Central Standard Time. Most of its electrical outlets are 110 volts, although there are some areas with 220.
Entering Panama requires a passport (valid for at least 6 months) and the appropriate visa (90 or 180 days for tourists). You’ll also need to show proof of a return trip ticket or ticket to your next destination, as well as proof of financial solvency (e.g., bank statement or travelers checks) to guarantee you won’t be working while in the country.
Panama by the Numbers
Here are a few more Panama facts and figures:
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GDP $36.253 billion
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GDP per capita $9,526
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GDP (PPP) $57.079 billion
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GDP (PPP) per capita $15,616
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Industrial production growth rate 15.7%
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Unemployment rate 4.4%
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Population below poverty line 26%
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Revenues $9.07 billion
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Expenditures $9.835 billion
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Budget deficit -2.1% of GDP
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Public debt 39.2% of GDP
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Taxes and other revenues 25% of GDP
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Inflation rate 5.7%
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Commercial bank prime lending rate 6.91%
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Current account balance -$4.191 billion
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Exports $18.91 billion (includes the Colon Free Zone)
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Imports $24.69 billion (includes the Colon Free Zone)
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Reserves of foreign exchange and gold $3.303 billion
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Debt – external $14.2 billion
If you still have questions about Panama, take a look at one of our many articles on various topics affecting those who are considering it as a retirement or vacation destination. Or, better yet, schedule a trip to the Latin tropics and check it out for yourself.
Map of Panama
Panama Fast Facts
- Population: 3.8 million
- Typical temperature: Temperature typically varies from 72°F to 91°F
- Nearest airport with U.S. flights: U.S. Bound flights leave daily from Tocumen International Airport
- Nearest U.S. consulate: Panama City
- Home of the Playa Burica adventure colony.
With its perfect climate, sandy beaches, and serene setting, Boca Chica is a destination all its own. But in addition to the opportunities to stick around and relax on its beaches and explore its waters, Boca Chica also offers a number of nearby attractions that can all be accessed and enjoyed within the course of a day.
Boca Chica is a great destination for expats who want plenty of options nearby for adventure and exploration. It’s also a great landing spot for the traveler who’s looking for a peaceful retreat where they can still easily get out and enjoy extreme sports or just connect with nature.
In Boca Chica itself, you can go snorkeling, scuba diving, or fishing. You can also visit Chiriqui Gulf National Park, which is home to sharks, turtles, and stingrays. But if you’re willing to venture out a little further, here are several great day trips to keep you entertained during your stay.
1. Go swimming at Los Cangilones de Gualaca.
This natural swimming hole lies in a basin that was created by the Esti River over the course of many thousands of years. Visitors can take a refreshing dip in its cool waters and enjoy the beautiful scenery that surrounds this natural wonder.
In addition to the pool, the formation also includes a channel which has enough current to provide some decent exercise, much like a stationary lap pool. You can bring a picnic or go into the local village for some food. Guided tours of the area are also available.
2. See two oceans from the top of Volcan Baru.
Ken Mayer
Panama’s highest point, at 11,400 feet, Volcan Baru offers an eight-mile hike to its peak that is best attempted by only those in excellent physical shape. The path takes hikers through lush hillsides and jungles before finally reaching the rocky cliffs of the summit.
Many ambitious travelers begin their climb at midnight, hoping to reach the summit in time for the breathtaking sunrise that illuminates views of both the Caribbean and the Pacific. Although clouds often obscure the view, the volcano’s peak also offers a panoramic view of the surrounding 35,000-acre park that is home to pumas, tapirs, and over 250 species of birds.
3. Save a sea turtle at Playa la Barqueta.
The wildlife refuge at Playa la Barqueta is home to five different species of sea turtles, which nest on its beaches. Olive ridley, hawksbill, loggerhead, and green sea turtles can be seen from June to November. Olive ridleys can also be seen from November to March, along with the enormous leatherback turtles.
At night during high tide you can see the turtles crawling onto the beach to bury their eggs in the sand, where two months later the babies will dig their way out and shuffle back to the sea. On occasion, visitors may see local advocates releasing rehabilitated turtles that have been injured by poachers or natural predators.
4. Zip through the clouds on a canopy tour in Boquete.
Angie Harms
Nearby Boquete offers many opportunities for adventure. But none can “top” the zip line tours located high in its mountainside cloud forests. Not only will participants enjoy a rush of adrenaline, they will also enjoy a guided tour through centuries-old forest as they zip past waterfalls and a variety of wildlife.
Species spotted along the 3.5 to 4 hour tour might include monkeys, exotic orchids, and possibly even the rare resplendent quetzal. Guides provide plenty of instructions and safety precautions. The 12 lines cover a total of three kilometers through the lush forests.
5. Discover ancient artifacts at Sitio Barriles.
Dianne Fristrom
Located near the town of Volcan, Sitio Barriles is one of Panama’s most famous archaeological sites. It’s also one of the few that’s regularly accessible to the public. On display at Sitio Barriles are a number of ancient artifacts, many unearthed from that very location.
Items unearthed indicate that the location was once a ceremonial site. They include basalt rock artifacts from Volcan Baru, pottery, and urns containing ashes of the ancient deceased. In addition to the artifacts, the owners of the property use the adjoining land to grow coffee, which is available for purchase. They also offer a selection of cheese, wine, and jelly.
6. Recharge from your adventures in the hot springs of Caldera.
Outside of Boquete lies a series of mineral water pools that are renowned for their healing properties. The Caldera hot springs are a great place to soak and recover from a few days of physically demanding adventures in and around Boca Chica.
These pools are uncrowded, and several large stones offer privacy for you and your group of travelers. For a refreshing splash following your hot bath, try taking a dip in the adjacent Rio Caldera whose cool waters also offer the occasional hot pockets.
7. Bodysurf at Las Lajas Beach.
Mor
Not too far from Boca Chica are the beaches of Las Lajas, which extend for eight miles along the coast. This stretch of coast owes its appeal to its water temperature and mild current that’s perfect for bodysurfing or swimming. Not to mention, it’s a place where you can stroll along the beach forever.
Not overly crowded, the beach is dotted with a few little shacks and cheap restaurants. However, your best bet is to pack a lunch. You’ll likely be eating it alone on your very own stretch of isolated beach.
What’s your favorite day trip from Boca Chica, Panama?
When visiting Boca Chica, you’ll likely be tempted to stick around in close proximity for the entire duration of your stay. However, if you choose to wander out in search of adventure, these and other destinations are well within arm’s reach.
Central America has become a tourist hotspot for those looking to surf epic waves a short plane ride away. Some surfers fell in love with the beautiful landscape, the warm people, and the excellent surf and decided to create a home for themselves.
Mark Veraat
There is plenty of undiscovered stunning coastline and great surfing all over Central America. But for those looking to live or invest, what are the surf towns that you could actually live in?
We’ve compiled a list of the towns that have strong communities and basic amenities for those who enjoy a side of comfort with their morning surf.
Tamarindo, Costa Rica
Tamarindo is Costa Rica’s top destination for surf tourism. Surf schools are aplenty and surfing has become integral to the local culture. All skill levels can surf here as there are beach, rivermouth, and reef breaks. It is also located near many other beaches for surfing day trips. Just north of Playa Tamarindo are Witch’s Rock and Ollie’s Point, which became world famous from the film Endless Summer II.
Located a short one hour drive on a paved road from the Liberia International airport, Tamarindo is highly accessible from North America. As a result it is one of the most tourist frequented towns in Costa Rica and the tourist businesses thrive. There are also many more amenities here than in other parts of Costa Rica, including plenty of restaurants, shopping, and bars. This gives the area a fairly North American feel, which some people may enjoy while others may not. However outside of town it is still possible to find peace, tranquility, and even waves all for yourself.
Santa Catalina, Panama
Guillermo Duran
Until recently Santa Catalina was a secret kept by the locals who enjoyed its excellent surf. While still a small, quiet town, Santa Catalina is the top surf destination in all of Panama. It is now bringing surfers from all over the world and actually hosted the 2010 ISA World Master’s Surfing Championship.
The influx of health conscious surfing expats in recent years has developed an overall health conscious attitude in the area. It is one of the few towns in all of Panama that has health food and yoga.
The town is still difficult to access which has kept it quiet and relatively undeveloped. Consequently land prices, even beachfront, are quite low. However Santa Catalina is rapidly paving its way as the next big surf destination in Central America which makes investing now an excellent opportunity.
Playa Guiones, Nosara, Costa Rica
Playa Guiones (sometimes called Nosara after the region it’s in) is one of the most beloved towns in all of Central America by expats, and in large part due to the surf. It has some of the most versatile surf in the country with waves surfable at any tide level.
At the shore are clean rows of white water for beginners, further out is an intermediate break, and on the outside are expert level waves. There is also a volcanic reef break at Playa Pelada as well as rivermouth break near the Nosara River for experts. Plenty of other nearby beaches have great surfing as well.
The town itself boasts two exceptional private schools, several world class yoga retreat centers, delicious international cuisine, raw health food cafes, kickboxing, pilates, and tons of other activities. There is an organic grocery store in town as well as a farmers’ market and local organic produce delivery service. The town is known for its strong expat community and dedication towards health and sustainability.
San Juan del Sur, Nicaragua
Jeff R.
This crescent-shaped bay surf town is the gateway to many of Nicaragua’s best beaches. Just across the border from Costa Rica’s famed Nicoya Peninsula, San Juan del Sur enjoys similar weather, landscape, and surf. Playa Maderas is a twenty minute drive from the center of San Juan del Sur and picks up most of the swells that hit Nicaragua. It is a fun spot for surfers of all levels.
San Juan del Sur is the most popular tourist destination in Nicaragua because of the incredible surfing opportunities. As a result there are many hotels, restaurants, bars, yoga studios, and plenty of other North American luxuries. It can become touristy and crowded at times, but the nearby beaches are often completely deserted.
Central America is a great place for surf lovers with the desire to live among world class waves. These are just a few of the best spots for those looking to relocate. What are some of your favorites?
Dennis Kruyt
The tourist visa is by far the easiest Panama visa to obtain. Why? Because it’s free, and for citizens of most countries (including the U.S. and Canada), it’s automatically granted when you enter the country.
The tourist visa is good for 180 days, but many expats in Panama are finding that it’s all they ever really need. With virtually no requirements, other than the renewal, it’s entirely possible to live in Panama for a long time as a permanent tourist!
Not only is the tourist visa easy to obtain, it’s fairly simple to renew as well. Since it’s automatically granted to those who enter Panama from approved countries, essentially the only thing you have to do to renew it is…you guessed it:
Leave and come back!
Every six months or so, expats in Panama load up their families and take the Pan American highway west to the border the country shares with Costa Rica. (Driving east is not an option, since the road literally ends at the Darien Gap, leaving no viable way to reach Colombia.) Once there, they stand in a total of four lines to 1.) exit Panama, 2.) enter Costa Rica, 3.) exit Costa Rica, and 4.) re-enter Panama.
And it’s all perfectly legal!
While many simply choose to leave and return and be done within a few short hours, others opt to spend a few hours shopping in the tax free zones on both sides of the border. If you have even more time, you can even use your “visa run” as an opportunity to take a little vacation. Rather than driving to the nearest border, you can take a short flight to another nearby Central or South American country, or even return to your native country for a visit.
Even though the process of obtaining and renewing a tourist visa is definitely among the easiest immigration procedures in Panama, keep in mind that you’re still dealing with the governmental operations of a developing country. That being said, here are a few important things to remember about renewing your Panama visa as a tourist:
1.) There’s “what the law says,” and then there’s “what’s commonly practiced.” It’s a common occurrence in Panama for immigration officials, or any governmental entity for that matter, to just sort of make things up as they go. The law may say one thing, but if they’re operating under a completely different standard…just go with it. For example, the law says that when you renew your tourist visa, you have to show proof of solvency so they know you won’t be working while you’re in the country. Sometimes they ask for it, sometimes they don’t. (Editor’s Note: It’s best to be prepared, check for changes in Panama’s migration laws prior to making your trip.)
On the flip side, nowhere in the law does it say how long you have to be out of the country before you can re-enter. However, some officers will tell you to wait 72 hours. If you run into this, don’t try to refute it. Just smile and nod and maybe try again when another employee steps up to the window. I will note that we have been specifically told, in 2013, that 72 hours is no longer a requirement.
2.) Officials can switch at any time, without warning, from abiding by the law or by common practice. Just because you’ve renewed your visa 5 times without ever being asked for anything other than your passport, that may not always be the case. Our best advice is to be prepared every time with all the documents you could possibly be asked to show.
For instance, the law states that you are to show proof of a planned departure date within 180 days from your entry into Panama (i.e. a bus or plane ticket). They may or may not ask to see one. A good solution is to buy a bus ticket that’s good for 6 months. Even if you don’t end up using it, at least it isn’t a huge investment, especially on Air Panama who currently charges $11 to refund a ticket.
3.) Exit and re-entry is a bit tougher if you bring a car. Those leaving and returning with a vehicle must stand in a separate line and provide a bit more paperwork than those doing so on foot. So, if you drive yourself to the border, you can park your car and walk the short distance between immigration stations. If you plan to do some traveling in Costa Rica, there are buses and taxis available just inside the border.
4.) Even though the immigration department will let you stay in the country for 180 days, they only trust you to drive for the first 90. That’s right. True to typical bureaucratic asininity, tourists are only allowed to drive for 3 months after entering the country. So although the length of stay has been extended to 6 months, permission to drive did not follow suit.
One option for overcoming this is to renew every 3 months instead of 6. You can also, like many expats, just keep on driving and be prepared to pay the fine, which can be as much as $500 if you’re caught. You should also know that you can forfeit your auto insurance if you are involved in an accident while driving without a license.
As always, when dealing with the renewal of any Panama visa, our best advice is to be prepared and remain patient. Have everything you think you might need and then some, and don’t get frustrated if the rules have changed since the last time you renewed…or since last week. In the end it’s all worth it.
If the tourist visa sounds like too much of a hassle or uncertainty for you, find out if another Panama visa might be more appropriate for your situation.
In the turquoise Caribbean waters of Panama, Bocas del Toro is a hotspot among travelers all over the world. World-class surfing, diving, snorkeling, jungle hiking, incredible wildlife, and stunning beaches make it the most popular vacation destination in all of Panama.
Rita Willaer
Many expats have chosen to call Bocas del Toro home, opening gourmet grocery stores, international restaurants, and beachfront lodges. A huge appeal of these islands is the fact that many businesses are built on docks overlooking the gorgeous Caribbean sea.
Each island has its own unique vibe and landscape, offering visitors and transplants a great deal of diversity. So which island is best for you? Read on to find out.
Isla Colon
The main island in Bocas del Toro is where most businesses, restaurants, and lodging have been developed. The airport with connecting flights to Panama City is here as well as the boat dock that takes passengers to the mainland in Panama.
Bocas Town
The only “town” in Bocas del Toro is on Isla Colon called Bocas Town. This is the main port where water taxis depart to other islands and the mainland. All of the grocery stores in Bocas del Toro are located in Bocas Town along with the bank and ATMs, post office, and most bars and restaurants. While this is the most bustling area of Bocas it maintains the vibe of a charming small Caribbean town.
In the day dive shops arrange tours on the main strip, travelers wander the streets, expats shop in the markets, and tourists dine at restaurants built on docks. At night Bocas Town can get pretty crazy with a party every night of the week and plenty of happy hours.
For this reason, Bocas del Toro has earned itself the reputation of being a party town. While many of the twenty-something backpackers who come to Bocas are here for the party, Isla Colon has so much more to offer.
Those seeking peace and quiet will do better on some of the smaller islands or outside of town. However for convenience and walkability Bocas Town is the most ideal place in Bocas del Toro to post up. Many locals live in and around Bocas Town.
Bluff Beach
Along the coast a few miles from town is Bluff Beach with huge waves for advanced surfers and miles of golden sand. There are a few homes, lodges, and restaurants up here, but generally it’s quite remote.
This is a great spot for those looking for peace and quiet or excellent surfing. It’s particularly suited to those who have cars, ATVs, or motorbikes as it’s a great place to get away from the main town without taking a water taxi to get around.
Starfish Beach
On the other side of the island is one of the most beautiful beaches in Panama: Starfish Beach in Boca del Drago. The golden sand is wilderness-backed and the perfect calm turquoise water is covered in starfish. The beach can get touristy but if you stay on the outskirts you may have a patch entirely to yourself. There are a few houses and lodges in this area, but it’s more geared towards tourists than expats.
Isla Carenero
Chris Goldberg
A short one dollar taxi ride from Bocas Town is Isla Carenero. With no cars and land overcome by mangrove forest, it’s a different world. Homes, vacation rentals, and hotels sit on the beach in front of the ocean or on a dock over the sea. Most come with their own private dock with hammocks. Many locals also live on this island.
There are several restaurants and bars on the island, the most famous being Bibi’s on the Beach for fresh seafood. No ATMs or grocery stores are on the island, but Bocas Town is a few minutes away and water taxis run until the wee hours.
Some of the best surfing in all of Bocas del Toro can be found on Isla Carenero. Carenero Point has the longest left break in all of the islands and when conditions are good the tubes are perfect. Stand up paddleboarding is also popular on this island; the protection from other islands give it glassy water in addition to big surf breaks. Local spots like Bibi’s and Gran Kahuna Hostel rent boards.
The island is sleepy and relaxed with the exception of popular nightclub and hostel Aqua Lounge which hosts parties on Wednesday and Saturday nights. Those looking to steer clear should be sure to stay at least a couple of blocks down where the ocean drowns out any of the noise.
Isla Solarte
A. Vision
This remote island across from Isla Carenero on the way to Isla Bastimentos is one of the best places to see marine and wildlife in Bocas del Toro. There are plenty of dive sites and mangroves to explore with dolphins, eels, lionfish, and beautiful coral. The island itself is very sparse but there are a few homes and eco lodges.
Isla Bastimentos
Magalie Labbe
Isla Bastimentos is the island for those who truly want a jungle immersion experience. The national park covers most of the island with lots of trails for spotting all kinds of wildlife including the ubiquitous poison dart frog. Boat rides can take tours through the Marine Wildlife Park to the stunning Salt Creek spotting caimans, sloths, monkeys, and more.
The only town, Old Bank, is a small strip of a few restaurants and a couple hundred indigenous Caribbean inhabitants. Lodging and restaurants are sparsely spread around the island including eco lodges, hotels, and budget backpacker hostels. Places close down early, during the rainy season many roads turn to mud, and water taxis to town stop running before dark so it’s important to plan ahead.
The island is also famous for its surfing. Wizard Beach and Red Frog beach are some of the most popular surf spots in all of Bocas.
Which Bocas Del Toro Island Will Be Your Favorite?
Bocas del Toro is filled with many more wonderful places to explore including Swan’s Key, Dolphin’s Key, and Caye Zapatillos. If you decide to spend some time in or even relocate to Bocas del Toro you can enjoy all that the many islands have to offer, regardless of where you base yourself.