If you’ve been thinking about leaving home to live abroad as an expatriate, now is a great time to make your move. While you want to have a few ducks in a row, you can’t wait until the moon and the stars align in some cosmically perfect configuration. Sometimes you have to look at the overall global conditions for emigration and if they’re good enough, just jump. Here’s our list of eight reasons why being an expat escape artist rocks and why that’s true today in particular.
Ostrosky
You Will Gain Valuable Language Skills
While there are a few countries outside of the U.S. and the U.K. where English is the official language, most countries speak something else. Even if you don’t take formal language lessons, you will learn the native language where you live because it will make escape artist living so much easier. Unless you want to take your chances with cryptic menu items when you dine out or drink household cleaner thinking it’s fruit juice, you will learn at least some rudimentary vocabulary.
If you hang out with locals, you’ll learn a whole lot more. Immersion is the easiest and most natural way to learn a language, so living abroad puts you head and shoulders above learning a language in school only. That competency or even fluency will be a huge advantage at work, socializing, or just watching foreign films.
Don’t worry about being fluent in any language before departing. Do what you can to learn the basics, and know that you’ll pick up more as you go.
You Can Advance Your Career
In addition to language skills, being culturally adept can land you job promotions or freelance work you never dreamed of before. Even if you return to the U.S., you’ll have the knowledge you gained living overseas to apply to any number of fields. Some common areas where language and foreign etiquette come in particularly handy include
- logistics, transportation, and shipping
- food and wine
- teaching
- health and medicine
- fine and performing arts
- writing and publishing
Many U.S.-based companies are currently adding more jobs abroad than they are at home. And while you still have to pay the IRS even if you work from a foreign country, the reverse is true as well; they have to pay you any refunds you’re entitled to.
Panama ATP
Entrepreneurial Opportunities Abound for the Escape Artist
If you’ve contemplated changing careers or better yet, starting your own business, there are plenty of opportunities overseas. Moving out of the country is a completely legitimate and organic way to reinvent yourself, especially career-wise. This is a perfect time to try something you’ve always wanted to do but couldn’t when you were tied to the working-to-live mentality (versus living to work, which is so much more fun).
No matter what kind of business you intend to run in your new locale, it’s best to have some kind of income source in place before you leave. Living in a foreign country can be challenging enough without having to worry about money too. Some popular ways expats fund their lives abroad include
- sale of property in the U.S.
- investment property purchase in their new location (rental units, B & B, etc.)
- savings
- working remotely (practicing law, writing, etc.)
- passive income (investments, book sales, etc.)
- grants and stipends
- funding from an existing business to open a new branch or satellite
Many countries make obtaining a visa easier if you are opening a business there that benefits the local citizens, such as recycling, retail of indigenous arts and crafts, or education. Some require a certain amount of money be available to invest in the business, so be sure to check out the rules wherever you are headed.
Eskimo Jo
You Can Leave Stress Behind
Until you spend a certain amount of time living outside the U.S., you probably won’t realize how aggressive, competitive, and stressful American life has become. Many cultures, especially those of Latin America, take a much more relaxed approach to life. While they may drive with the speed of nuclear missiles, everything else moves a lot slower. Food and conversation are savored, and there is less time spent in front of the television.
The downside of this is that it’s generally harder to get things done. Lines at government offices can snake for blocks, and seemingly simple things like paying bills or getting your tires rotated can take the better part of a day. The plumber who says he’ll be there at 10 may come at noon – or he might not show up until two days later. Waiting for cable or Internet service can seem interminable.
This is all part of the balance of being an escape artist. Relax, take a deep breath, and trust that everything will get done eventually. And take comfort in the fact that a lot of stressful stuff from the States, like maintaining your lawn or cleaning your house, can be eliminated or done cheaply by paid help in your new country.
Your Resourcefulness Will Increase Exponentially
There will be times when you have challenges that seem overwhelming. This is actually a good thing, because it will push your resourcefulness in new directions. Once you have made it through to the other side, you will have a new level of self-confidence and know you can get through anything. Whether it’s dealing with roadside breakdowns, water shortages, banking failures, or medical emergencies, you will figure it out – because you have to.
WFT.Travel
You Will Learn to Love Your Own Company
Unless you live alone on your own island and never leave, you’ll make friends and acquaintances in your new overseas home. But until that happens, you may be on your own for a while. Even once you meet people you want to hang out with, you’ll still have times when your own company is all you’ve got.
Being comfortable with solitude is definitely a helpful trait if you want to be an expat, and if you don’t start off knowing how to be okay with being alone, you will probably end up there. For women especially, this can be disconcerting.
Of course you need to be safe going out alone, but dining or attending events solo can give you new self-assuredness, and you may make some friends in the process. Some seasoned expats suggest getting used to being alone first at home before trying it abroad.
You Will Feel Rejuvenated
There’s nothing like moving to a new place to feel both physically and psychologically rejuvenated. You’ll be in new surroundings (often with better weather), and you’ll have the opportunity to take up an alternative career to start different hobbies. If you’re single, there’s a whole new dating pool to sample too.
Because diets in most parts of the world are healthier than in the U.S., and in many countries you’ll be walking or bike riding more, it’s easier to get the diet and exercise you need. Plus, giving up the stress that comes with living in the U.S. can make anyone look and feel younger.
Barbara Eckstein
You Will Never Be Bored or Boring
There’s one thing for sure about living overseas as an expat escape artist: it’s never boring. Between the natural beauty of a new location, a different culture to appreciate, and a widening circle of friends and colleagues, your mind will be kept occupied all day, every day. You’ll never be boring either. Once you’ve lived abroad you’ll have enough cocktail party chatter and writing material for the rest of your life.
Like most people who take up the expat lifestyle, you may like it so much, you’ll never go home again. If the expat way of living even remotely intrigues you, be sure to check out our article links here, then head to our home page to start learning more about where you might like to escape to – in a year or maybe even a month or a week, your whole life could change in amazing ways.
Viva Tropical Radio
Scott Nichols joins the podcast to discuss his trials and tribulations of building a house in Central America. He is currently in the middle of a building project and took the time to stop and share with us his progress and knowledge about all things building in Latin America.
He and Josh tackle the topics of:
- How to find a builder
- What to know before you design a house
- Why certain materials are more expensive
This episode is a must-listen for anyone who is considering building a house in the Latin Tropics for living or investment.
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Panama is starting to come into its own as a prime expat destination. For those seeking to truly become part of the Panamanian lifestyle, Santa Fe, Panama can be your bridge to traditional village living with stunning natural surroundings.
Santa Fe Bridge
With increasingly favorable changes in residency and investment laws, the government is actively courting expats seeking new opportunities. Whether your ideal escape is a rustic retreat in the jungle or a place by the ocean, it can be found here in beautiful Panama.
Santa Fe, Panama Combines Shades of the Past with Potential of the Future
The Santa Fe region has, literally and figuratively, been a gold mine since the Spanish under Captain Francisco Vázquez conquered the area in 1557 in order to search for the yellow metal. In fact, gold is still mined in the area today.
During the 1557-1559 period, Vázquez founded several towns including Santa Fe, the oldest settlement. In the early 1600s, settlers from Santa Fe and Montijo established Santiago as a kind of communication outpost; ironically, today Santiago has surpassed the community that originated it in size.
Largely unknown outside of the country until the late 1960s, Santa Fe became a focal point of a peasant’s revolt led by a priest, Jesús Héctor Gallego Herrera. The ultimate result was that Santa Fe was finally connected by paved road to Santiago and the Pan American Highway, making access to the world at large available.
Today, Santa Fe still retains all the best elements of rustic life in Panama. With a population of roughly 3200, the natural beauty and abundant flora and fauna are a magnet for expats needing a more basic and relaxed lifestyle.
Falls
Experiencing What Santa Fe Offers
Nature lovers have found that this unsullied village is the perfect gateway to the Panamanian highlands. The national park surrounds Santa Fe in three directions covering nearly 320 square miles. Nature hikes and tours can delight expats who want to experience the over 300 varieties of birds along with other creatures of the region.
There are a number of waterfalls nearby that can be explored. For the more adventurous at heart, the fabled Mosquito Coast of the Caribbean is only 60 km distant.
There is also a well-known and loved organic farm that gives the concept of sustainable living a fresh meaning. Chong and Maria’s family farm is a favorite among locals and expats alike and provides the opportunity to see how organic farming works.
Café Tute is a local coffee roaster that is run by the town’s farming cooperative. Tours of coffee plantations and the factory are a great way to gain appreciation for the ubiquitous breakfast beverage.
Flower Power
Santa Fe is known throughout Panama for the beauty of its over 300 varieties of orchids. Each August, expats can see the best of these stunning flowers at the Exposición de Orquídeas held at the Feria (Farmer’s Market) of Santa Fe.
Why You Should Consider Santa Fe As Your Expat Destination
There are many reasons to explore Santa Fe as a possible location for retirement or investment. Some of the more compelling ones are listed below:
Affordable Cost of Living
Perhaps one of the most attractive aspects of living in Panama is the cost of living. Smaller communities, like Santa Fe, are extremely affordable; particularly when compared to larger cities, such as Panama City.
Rents, even in the center of town run under $1,000 per month. Similarly, utilities for basic services such as electricity, water, heat, and garbage may be as little as $50 to $100 per month. Importantly, because of its location in the mountains (500 meters-1640 feet ) cooler temperatures translate into less use of air conditioning, keeping electric costs down.
With more expats arriving all the time, the infrastructure is also improving. Internet access and cable television are now available (and reasonably priced) along with improved telephone and cellular services.
There are also a number of discounts offered to holders of the pensionado (retirement) residency. Everything from travel, entertainment and even medical expenses are reduced for expat retirees, making life even more affordable.
Buying or Building
The area in and around Santa Fe is seeing a dramatic increase in real estate activity similar to that of its neighbor to the west, Boquete. At present, there are not a lot of developers in the area but, given the popularity Santa Fe is gaining, that may not be the status quo for long.
As might be expected, prices for lots and existing structures are still on the low end. The promise of increased tourism to the region certainly makes the idea of investing, either in a purely commercial venture or as a rental part time, very attractive.
Money Does Talk, and It Speaks American
Although the Balboa is the official currency, the U.S. Dollar is the only paper money in Panama (Balboas are coins only). Since the dollar is freely used in daily transactions, expats don’t have to worry about exchanges or calculating prices.
Santa Fe, Panama May Not Be Perfect for Everyone
Understanding some of the challenges of living in a small Panamanian town is important before making that leap. Expat life can be rewarding but not without some “speedbumps” along the way.
The language issue is always an important factor to examine. Like other smaller communities throughout Central America, English speakers may not be as common as in major centers. This may pose a problem for some expats seeking to become part of village life.
Finding modern items, such as electronics and appliances may involve a trip to one of the larger cities. If having the kind of shopping access that is found in the U.S. is necessary, giving serious thought to relocating to Santa Fe is strongly recommended.
Lastly, since there is no airport in Santa Fe, the closest connection by air can be found in David, some 130 miles west. David does have regular flights on Air Panama to and from Panama City. As a consequence, a lengthy drive will be involved even before making the flight.
Alternatively, there are buses, private shuttles, and rental cars that can get you from Panama City to this mountain location. If a long ride doesn’t fit your tropical dream, this may be a stumbling block as well.
Go There
Sometimes there is only one way to know if the expat “shoe” is going to fit. Visit Santa Fe and try traditional Panamanian living on for size.
Map of Santa Fe, Panama
Santa Fe, Panama Fast Facts
- Population: About 3200
- Typical temperature: Average temperature is 85°F
- Nearest airport with U.S. flights: U.S. bound flights leave daily from Tocumen Airport.
- Nearest U.S. consulate: Panama City
One of the biggest considerations for expats seeking to buy their retirement or getaway home in Latin America is the taxes on real estate. Comparing property taxes of the most popular destinations for expats is an important step to deciding the best location for your tropical retreat.
Once the decision is made to become an expat, finding a home in paradise will involve some research. Looking at the unique qualities of each country and the properties available is a great way to begin your journey.
Tropical House in Paradise
Comparing Property Taxes in Latin America Country by Country
Countries in Latin America have widely different approaches as to what real property should be taxed and when. Similarly, the calculations of property taxes can be confusing for expats trying to choose which location might be a good fit for their budget.
What follows is a brief overview, by country, of the tax structure for real property. This comparison will also include any taxes imposed at the time of sale or transfer of title as well as when payment of these assessments are due.
Anoldent
Belize
Belize has a fairly straightforward approach to property taxes. For residential property, the tax rate will be between 1% and 1.5% of the value as set by the Department of Natural Resources. These are payable each year by April 1st at any Lands Department office. When looking for your Belizean retreat, making this calculation is easy.
Residents in Belize City can take advantage of a 10% discount if taxes are paid by March 31st. There is a 25% discount on property taxes for Senior Citizens (over 65) that certainly is a great incentive for expat retirees.
Investors and developers of large plots of undeveloped land (parcels over 300 acres) are subject to a Speculation Tax. This tax is computed based on 5% of the undeveloped value of the property.
When a title is transferred, a transfer tax is collected as part of the buying process. There is no tax for values under $10,000; for values in excess of that amount, the tax is a flat 5%.
Didier Baertschiger
Costa Rica
For all of the attention and growth that Costa Rica has experienced in the last decade, property taxes still remain as some of the lowest anywhere, including the U.S. The tax rate is 0.25% of the registered property valued as determined by the local governments or municipalities.
Some of the very large and high-end properties have been subject to a luxury tax based on such items as size, custom furnishings, and fixtures. These rates are still surprisingly low; in 2013 it was estimated that that this tax was in the range of 0.1% to .25% of property value.
Changes to the transfer tax of 1.5% may impact some buyers. While the percentage has stayed the same, the basis for the calculation (property value) cannot be less than the highest recorded fiscal value. Fortunately, this amount will usually be less than the market price of the parcel. With low tax rates, finding your home in the land of Pura Vida is still a great option.
Casey
Ecuador
Ecuador has some of the lowest property taxes in Latin America. The tax rates are progressive from 0.025% to 0.5% of the value as assessed by municipal officials.
These values are considerably lower than the purchase price – often by as much as 25% to 75%. As a result, it is rare to pay over $400 in annual taxes.
There are also deductions and discounts that can appeal to expats. Homeowners over the age of 65 only have to pay half the amount of the tax assessed.
Additionally, deductions for mortgages to purchase or improve the property are possible. Ranging between 20% and 40%, these must be requested and cannot exceed 50% of the value of the property. Ecuadorian real estate may provide some of the most affordable options in the region.
Waterways
El Salvador
El Salvador is unique in that there is no property tax assessed for owning real estate. Although there is no annual assessment, when property is transferred, a transfer tax is triggered.
The tax, paid as part of the buying and selling process, equals 3% of the value over $28,571.43 of the purchase price. Non-residents also are subject to a 25% capital gains tax when selling property unless the sale occurs within three years of taking possession of the property.
The El Salvadoran government is considering a tax reform package that would include a tax on property that does not have any productive function except for private leisure or recreation. This “luxury tax” would be assessed at the rate of 1% of the value over $350,000 even if the property has not been developed.
Whether or not this tax will be enacted is uncertain. Regardless, the great majority of expats will not be impacted because of the high dollar threshold of the assessment. Low prices enhance the attractiveness of the selection of properties available.
Stefano Ravalli
Guatemala
Guatemala uses the cadastral value of real property to calculate the tax owed. The word “cadastral” refers to the extent, value of, or ownership of real property and is used widely throughout Central America.
Taxes are calculated in local currency (the Guatemalan quetzal) by local authorities. When converted to U.S. dollars, it becomes apparent that these are quite reasonable for the great majority of expat residents. Below is a chart showing the tax rates:
PROPERTY TAX |
|
| TAX BASE, GTQ (US$) | TAX RATE |
| Up to 2 million (US$255,428) | 0% |
| 2 million – 20 million (US$2,554,278) | 0.20% |
| 20 million – 70 million (US$8,939,975) | 0.60% |
| Over 70 million (US$8,939,975) | 0.90% |
| Source: Global Property Guide | |
As can be seen, there is no property tax owed on properties valued under $255,428. The taxes are due annually and are paid to local municipalities where the property is located. Searching for properties under this dollar amount may be easier than you might imagine.
Chamo Estudio
Honduras
Honduras has one of the few property tax laws that permit 12 monthly payments instead of just a single annual amount. The tax rate itself is based on value assessed by the municipality and can be calculated at $3.50 per every $1,000 of assessed value.
For example, a property value at $100,000 would have a yearly tax of $350.00. Spread out over twelve monthly payments, each installment would be for $29.16. Buying property in Honduras with the ability to spread out yearly taxes is an attractive prospect.
As a result of new tax reforms that went into effect on January 1, 2014, property transfers carried out by nonresidents are now subject to an increased 4% (previously 2%) withholding tax over the transfer value to be withheld by the acquiring party.
One important feature of the Honduras tax scheme is the incentive program for projects or plans that would increase tourism to Roatan. Under this program, property taxes may be given a 20 year exemption. This is a powerful incentive for investors looking for a location to develop and build.
Chris Goldberg
Mexico
Mexico was the first Latin American country to attract expats. The older expat enclaves, such as Puerto Vallarta, have demonstrated the potential for living and investing in Central and South America. Mexico still has a great selection of properties and lots to interest expat buyers.
Property taxes in Mexico vary from state to state. Each state’s tax department sets the assessed value and the tax rate can range from 0.05% to 1.2%, depending on the property location. Other variables such as whether the lot is improved, if there is poor access, and if it is only used seasonally also factor into the assessment.
The assessment itself is done at the time of sale or transfer and will remain the same until the property is sold again. The taxes are due at the beginning of the year although the tax amounts are not available until mid-January of the year they are due. Since tax bills are not sent out, it is up to the property owner to go to the tax office with a previous bill to obtain the current one.
Payments can be made in six installments during the first ten days of every second month; ( i.e. January, March, May, July, September, and November). Failure to pay the taxes when due can result in steep penalties; in some cases as high as 3% for every month the payment is past due.
Mexico also charges an acquisition tax on every transfer of real property regardless of whether it is through a sale, donation, trust, or other method. The rates can range from 2% to 3.3%, again varying by state and is owed as part of the transfer process.
Daniel Fajardo Valenti
Nicaragua
Nicaragua has, perhaps, the easiest property tax scheme in Latin America. The tax is a flat 1% and are calculated at 80% of the cadastral value of the property (land, buildings, and permanent improvements) as assessed by the local office.
In the city of Managua, the calculation is slightly different. There the figure is based on 80% of the cadastral value LESS 40,000 Nicaraguan Cordobas (NIO); roughly equaling $1,624 in U.S. dollars.
Since there is no up-to-date national registry for property values, property taxes are less important than in other locations. With a lack of proper records, many small communities do not even collect the taxes which has led some to view paying them as a voluntary, rather than mandatory, act. Many of these smaller towns and villages have attractive and unique properties that are worth a look.
There is a 30% capital gains tax assessed on property sales. Again, this is based on the land value and not the sale price.
Bocas Del Toro
Panama
Panama is unique among the countries in the region in that the property taxes are national and are collected by the Ministry of Economics and Finance. The tax rate is a maximum 2.1% and is based on the assessed value – usually the declared value in the original sale documents. Expats are increasingly interested in the homes and lots available here and the possibilities that Panama offers new arrivals.
The calculation is based on the value of the land plus the declared value of any improvements made. If a transaction is made for an amount in excess of this amount, that will automatically increase the value of the property for tax purposes. Payments can be made in three installments: April 30th, August 31st, and December 31st.
Property taxes are graduated depending on the assessed value. Below is a chart showing this breakdown: Value of the property Property Tax Rate US$ 0.00 up to US$ 30K (exempted) 0% US$ 30K up to US$ 50K 1.75% US$ 50K up to US$ 75K 1.95% US$ 75K and above 2.10%
Condominiums, however, use a slightly different formula:
Property Tax Rate for Condos:
Value of the property Property Tax Rate US$ 0.00 up to US$ 30K (exempted) 0% US$ 30K up to US$ 100K 0.75% US$ 100K and above 1.0%
The 20 year exemption on property taxes that was so attractive to investors ended in 2009. That program has been replaced by a revised set of exemptions:
- 15 years Up to US$ 100,000.00
- 10 years From US$ 100,000.00 to US$ 250,000.00
- 5 years Above US$ 250,000.00
- Commercial Use/Non-residential improvements have 10 year exoneration regardless of the property value
Lastly, Panama does have a transfer that is the greater of a) 2% of the total sale price or; b) the declared value of the parcel plus the value of improvements plus 5% for each year the property was owned.
A Brief Note on U.S. Property Taxes – Paradise Is Cheaper!!
While the various property tax schemes throughout these tropical locations may seem confusing, there is one important element to keep in mind: U.S. property taxes are higher!!!
22 of the 50 states have median property taxes in excess of 1%. New Jersey is the highest at 1.89%. When combined with other property-related taxes and fees, the overall cost of property ownership far outstrips most of the Central and South American locations expats desire. In a very real sense, paradise is cheaper and living there is easier now than ever before.
Living in Panama today can provide a wide variety of options for those seeking opportunities outside the U.S. and Europe to live, retire, and invest. Ranging from big city living to secluded mountain villages, Panama offers a selection of lifestyles that is second to none in Central America.
Panama City at Night
Panama’s Past Is the Cornerstone of Its Future
Panama’s history is one of change and growth. From its earliest colonial beginnings, to the construction of the Panama Canal, the turmoil of the late 20th century to the revitalization of today, Panama continues to thrive and offer fresh opportunities to live and immerse oneself in the diverse culture of Central America.
One of the major attractions in Panama is the lower cost of living throughout the country. With reasonable rents, lower food and medical costs, and a continuing growing standard of living, it is small wonder that Panama is viewed by many as picking up where other Central American countries have left off.
Living in Panama today provides a cultural and economic opportunity to share in a rich historical tradition while exploring and becoming part of a vibrant and exciting future. In a real sense, Panama’s past has become the cornerstone of the future potential as the country continues its course to becoming a premier expat destination in the 21st century.
Living in Panama – A Wide Choice of Locations and Climates
Panama is fortunate in that it offers variety in both climates and locations. Though located in tropical Central America, Panama has several “micro-climates” that reflect the many regions in the country.
For those seeking the energy and excitement of a modern city, Panama City is the place to be. The skyline along the beaches of the Pacific Ocean is more reminiscent of South Beach than an emerging nation.
The cool climates of the mountains in such locations as Boquete, Sante Fe and El Valle offer a nice contrast to the hotter, more humid beachfront locations. The La Armistad Biosphere Reserve, at Volcan, demonstrates both the geographic and meteorological diversity that can be found in Panama.
A more rustic lifestyle awaits expats looking to the interior communities of David and Chitre. Being able to become part of daily village life may be an ideal alternative for those wanting to avoid the more frenetic pace of larger cities.
Island Life – A Uniquely Panamanian Alternative
Having more islands than any other Central American country, Panama can boast of some of the best beach living in the region. The Las Perlas Islands group on the Pacific side and the San Blas Islands on the Caribbean coast contain the best beaches in Panama and are more affordable than many oceanside locations elsewhere.
Panama Is a Land of Potential on Many Levels
The aggressive efforts of the Panamanian government in recent years to attract foreign investment and to make Panama a desirable location for expats and retirees is beginning to reap dividends. Changes in residency laws, enhanced benefits for retirees, and a pro-business and investment approach is making Panama a model for Central American vibrancy in the 21st century.
New Residency Laws Make Living in Panama an Easy Choice
In May 2012, Panama enacted the Specific Countries Program. Under this program, holders of passports from the United States, Canada and many European countries can become Panamanian residents in as little as six to eight months.
As Panama’s economy continues to grow, the need for skilled workers has led to revisions in the laws impacting those who may want to work in their new expat location.
The Highly Skilled Worker Permit is one of these new revisions. Under this program, which is exempt from quotas and sponsorship requirements, all that is needed is a Bachelor’s Degree (or higher) and a letter from the perspective employer.
Living in Panama – Retirees Are More Than Welcome
Panama is making a major effort to attract retirees with the Pensionado (retirement) Visa program. Any person over the age of 18, with a guaranteed monthly income of $1000 from a government agency, such as Social Security or the U.S. Armed Forces, can qualify for this type of residency.
Holders of retirement visas receive many discounts and benefits in the form of reduced prices for a wide variety of services and items. Some of the most attractive of these discounts are:
| Discount | |
| Entertainment (movies, sports, etc.) | 50% |
| Airline Tickets | 25% |
| Closing Costs for Home Loans | 50% |
| Professional/Technical Services | 20% |
| Dental/Eye Exams | 15% |
With the Retirement Visa, an individual is entitled to a one-time tax exemption on imported household goods (up to a $10,000 limit). Another important benefit is a tax exemption every two years for the purchase or importation of a new vehicle.
Living in Panama – Growing Pains
For all the positives and potential that Panama offers, it is important to remember that this is an emerging nation in the throes of development. As a result, some of the challenges that expats may encounter may not be a good fit for everyone.
Infrastructure Is Not the Same Everywhere
The modern and urban environment of Panama City does not carry over to other parts of the country. Less developed regions in the mountains and further inland are far more rustic in nature. If having access to modern amenities is a requirement, this could limit the choices for relocation.
Changing Legal Environment
Not everyone has welcomed the efforts of the government to attract foreign businesses and workers to Panama. As a result, changing laws and regulations could impact residency and tax matters. This potential for change can be a negative for some who would like a more stable, less dynamic environment in which to invest.
Improvement and Construction Versus Quiet and Established
The constant improvement of Panamanian infrastructure and amount of new construction is certainly a positive for the country. With this growth, however, comes the disruption of the tranquil nature of many communities in the country. Navigating through construction zones and dealing with the issues that this kind of development brings may be a negative to those seeking a more rustic environment.
Discover the “Panama Potential”
The emergence of a growing real estate market makes doing research on what is on the market more important than ever. Whether the desired location is big city or rustic village, looking at what is available can provide a perspective on the true potential that can be found in the various locations of Panama.
If you travel to the tropics, it’s inevitable that you’ll meet up with some of the area’s tiniest yet most fascinating and sometimes scary creatures: bugs. Read on for a look at nine you might encounter in Latin America, from the little but powerful Bullet Ant to the Giant Helicopter Damselfly. And here’s some advice worth heeding: these guys are strictly for looking at–no touching.
David M. Jensen
Costa Rican Hairy Caterpillar
The tropics are full of poisonous caterpillars, and the Costa Rican Hairy Caterpillar is no exception. This ghostly beautiful but dangerous insect excretes poison as a defense mechanism against predators.
Many tropical caterpillars use poison to protect themselves. Reactions in humans can vary from irritating rashes to nausea to bleeding to death from anticoagulants, so it’s best to never touch any caterpillar you find.
SA 3.0
Scorpion
Many people associate scorpions with the desert, but did you know they can live in the rain forest too? Central America is home to 400 species of scorpions. Fourteen can be found in Costa Rica, but fortunately none of those are poisonous. In the tropics of Latin America, scorpions prefer damp, shady areas, including caves and human homes.
This arachnid (the same family as spiders) can be found throughout Costa Rica, including Cocos Island. You can’t miss it with its eight legs and two lobster-like pincers in front (called pedipalps). Its massive jaws, called chelicerae, help scorpions eat insects, spiders, and even each other.
But the business end of the scorpion is the tail, which is where its stinger is located. If you’re in a spot frequented by scorpions, take care to shake out your shoes before putting them on, and think twice about reaching into dark places without taking a peek first.
The rainy season from May to October is often the best time to see all kinds of wildlife in Central America, including insects and arachnids, as well as whales and turtles. The moisture offers the kind of habitat that many bugs need, and it provides a lush green backdrop for your travels. This is a perfect time to check out places like Costa Rica, when the tourists will be few and the spectacular waterfalls plentiful.
Insect Pod
Kissing Bug
The Kissing Bug, AKA Chagas Bug, is in a group of insects known as Assassin Bugs. While it sounds romantic, the Kissing Bug actually takes its name from biting humans on the face at night to eat their blood. This bite can become a vector for the parasitic protozoan Trypanosoma cruzi to enter the body, causing heart failure and even death in what is known as Chagas Disease.
Residents of rural areas are at greatest risk from Kissing Bug bites, especially if they have thatched roofs or grass elements to their homes. This provides the perfect habitat for the insect. The upside to the Assassin Bug is that it eats other insects, so it is beneficial to farmers.
myrmecos
Hercules Beetle
The amazing Hercules Beetle can lift 850 times its own weight! This species is threatened because its rainforest habitat is rapidly diminishing. The Hercules Beetle lives in rotten tree trunks and eats fallen fruit and decomposing leaves.
If you live in Honduras, you may catch a glimpse of this insect, as they are fairly common there and hard to miss, topping out at almost seven inches long.
Geoff Gallice
Bullet Ant
Don’t let the Bullet Ant’s diminutive size fool you. This insect delivers a sting that’s so powerful it’s said to feel like being shot by a bullet. Some people have even described it as the worst insect sting in the world. Fortunately its bite isn’t fatal, but you won’t ever forget it.
Bullet Ants can be found throughout Costa Rica in nests of roughly 700 ants under bushes and trees. One hectare can hold as many as three nests. That’s a LOT of ants when their bite is that nasty!
Marciani
Thorn Tree Hopper
Sadly, the Thorn Tree Hopper only lives a few months. This colorful and crafty Tree Hopper sports a protuberance on its back that looks just like a thorn–the perfect camouflage for it’s prickly environment. Usually found at the edge of forested land, the Thorn Tree Hopper is more nimble than it looks and can both jump and fly away from predators.
Roachforum
Central American Giant Cockroach
This is another tropical bug that likes dark, moist spaces. The Central American Giant Cockroach eats decaying plants, bat guano, and fruits, as well as dead animals and insects. One of the largest insects in the world, this monster can grow up to ten centimeters long.
Some people find these kinds of bugs super creepy, but others think they’re really interesting. If you’re in the latter category, Latin America is the place to be, as there are millions of bug species you could spend your whole life researching. If you’re just getting interested in entomology, these stunning photos of bugs will help you identify common species.
Lviatour
Giant Helicopter Damselfly
Another extra-large bug, the Giant Helicopter Damselfly can reach over seven inches in length. It has two sets of wings, which allows it to both hover and move in multiple directions–all the better for catching its favorite diet of mosquitoes.
It’s not the nicest insect to its own kind, however. Young naiads kill each other vying over their watery habitat in tree holes, until there is only one juvenile damselfly to every liter of liquid.
Bandwagonman
Leaf-cutter Ant
One of the coolest insects ever, the Leaf-cutter Ant works in colonies that perform “task partitioning,” completing jobs like a miniature assembly line. Their workers, soldiers and queens divide and conquer when it comes to defoliating plants and trees–one of the reasons they are also unfortunately considered a crop pest.
Because of Latin American deforestation, the Leaf-cutter Ant has adapted to forest gap lands, often moving from the rainforest into plantation or farmland. If you are lucky enough to see these guys in action, be sure to take some pictures, or better yet a movie, to capture their incredibly well-organized work methods.
The Latin American tropics are full of wondrous creatures found nowhere else on earth. Help protect their natural habitats, and they will be around for a long time for us to enjoy–from a distance, of course.
Viva Tropical Radio
Ecuador has a ton of coastline, but much of it isn’t good for beach living due to high cliffs and industrial activities. When Park and I explored Ecuador from tip to tip and covered the entire coastline, we found there are several spots that could be perfect to live and you have to know what is happening locally to determine where is best.
So today we are speaking with Greg Gilliam, long-time Ecuador expat, about how to approach the Ecuador market and where you should focus your time when looking for your own paradise. Greg is a builder, hotel owner, and real estate entrepreneur, who has lots of experience and a straightforward approach you are sure to learn from on the show.
Listen to the show
You can listen to the show using the player above or grab it and listen on the go via one of the following options:
- Click here to download the mp3
- Click here to subscribe via iTunes
- Click here for the RSS feed (non iTunes)
- Click here for the show archive
The Show Notes
Contact Greg Gilliam here
Learn more about Canoa Beach Hotel
Viva Tropical Radio
John Acott, long-time broker in Belize, tells you what is happening with Belize real estate.
Learn how much it costs to build in Belize, and where the top three places to live and invest are located. Also a major infrastructure change on the horizon that if it happens, will be something you need to know.
John is from San Ignacio, which is rarely covered, and from all accounts seems to be a tremendous value for living. Tune in to hear all this and more.
Listen to the show
You can listen to the show using the player above or grab it and listen on the go via one of the following options:
- Click here to download the mp3
- Click here to subscribe via iTunes
- Click here for the RSS feed (non iTunes)
- Click here for the show archive
The Show Notes
John Acott’s website
Can you count on one hand (or with only one finger) the number of relaxing days when you’ve spent time alone this year? Are you at peace with your relationships? How would you score your creativity and peace of mind?
If you didn’t like your answers, you are not alone, literally! You are likely suffering from lack of solitude. Find a quiet place, free of distraction, and read this article. I’m going to explain why time alone can change your life.
Pete
The Power of Solitude: Why you need to spend time alone
Psychologists have diagnosed our technology-driven society “terminally out of touch.” Studies suggest that we’re not spending enough time alone–thinking, feeling, sensing, and observing our inner being. As a result, our personal relationships, our mental and physical health, our social skills and cognitive functions are all ailing. If we spend more time alone, psychologists contend, we can drastically improve and enhance all of these areas of our lives.
You may be thinking, “Wait a minute, if I’m isolated and lonely, I’ll feel worse, not better!” If that’s the case, you should read on to better your understanding of exactly what solitude means.
What solitude is (and is not)
Isolation is not the same as solitude. Likewise, alone is not the same as lonely. When you are lonely, you feel a void inside, unhappy. In contrast, when you are in solitude, you feel content and happy. Maybe it’s on your own private island or in a bustling city. But rest assured, you can find it.
“Solitude” does not imply you have to camp in the wilderness for days all by yourself. It’s true you can create space to be alone, in the company of others. Just stop doing for others and focus solely on yourself for a period of time. Voila! You’re on your way.
Solitude can cure what ails you
“Tidal pools, empty fields, mountains, trees, and oceans evoke peace and contentment. Something sacred fills these open spaces,” says Psychologist Ester Buckholz, in The Call of Solitude, Psychology Today. “Meaningful solitude allows you to connect with others in a far richer way.” Meaningful alone time, she says, “is a powerful need and a necessary tonic in today’s rapid-fire world.”
Are you ever irritable, but don’t know why? Next time you feel that way, take quiet time out to focus on your inner thoughts, feelings, physical sensations. You may be surprised what your insights reveal.
As you become more self-aware, you will become more curious and creative. When you find yourself in conflict with your spouse, friends, co-workers, or family, take time alone to reflect and contemplate. A few minutes of solitude can provide plenty of answers for what ails you.
Bronwyn May
Solitude is like a vacation.
Put work aside and make time to discover, relax, and recharge. Be creative and engage in activities that make you happy. “I’ve learned to create little islands of solitude in my daily life,” writes Kendra Kennison in her Oprah.com article, “Why You Must Have Time Alone.” The search for solitude leads to new experiences. Have you ever been on vacation some place that you didn’t want to leave?
Vacation time has inspired many people to purchase a second home in their favorite vacation spot, or to move there full time, searching for a place to escape–searching for a simpler life from the hectic world they live in. “A big part of being fulfilled and happy is in the choices you make. One of those decisions is where you spend your time,” says Josh Linnes, Co-Founder, VivaTropical.com.
Stepping out of society is good for the soul.
Are you feeling the need to escape from your frenzied world? If so, you have a lot in common with most of our society today. The time you spend “wired” to others has most likely increased. Your outdoor time, and alone time, have probably decreased. I’m willing to bet your modern life has most definitely become more complicated.
Once you learn to enjoy purposeful solitude you will experience cognitive benefits, like enhanced focus, memory, creativity, and concentration. Some studies suggest that time alone can result in lower rates of depression and increased self-esteem.
Craig Sefton
Where you can find it.
As you can see, finding solitude is more about your state of mind, not your actual physical location. Although a change of venue, particularly to someplace quieter where you can be in tune with nature, can certainly help. Here are some examples of where you can find solitude:
- In a crowd. Take an art walk through the city by yourself.
- With your spouse. Reflect, imagine, contemplate–while your spouse reads a book.
- At the computer. Research a new interest. Seek inspiration and knowledge.
- In creativity. Draw, paint, sketch, write, learn a new language, a new instrument.
- In travel. A local destination, Panama, Costa Rica, Belize? Go relax, recharge.
- In nature. Pull up a rock, stick your feet in the water, and listen to the unique sounds.
- If all else fails, you can always buy an island.
Hopefully these ideas will inspire you to find your own place of solitude. For business partners Park and Josh, their quest for solitude was a little bit more radical. Disgruntled with life in the U.S., they left it all behind. With families in tow, they set out to find a fortress of solitude in Latin America, and ended up buying an island. They can tell you precisely Why Island Living Isn’t Right for You (Or Is It?).
Certain that there might be other like-minded individuals who were searching for the same opportunity to slow down and get back to the basics, Josh and Park began working on their Adventure Colony concept. “Adventure Colonies are meant to be an escape from the rat race and encourage new, daily routines. Simplify your life, increase your relationship with the outdoors, and recharge your mind and body.”
If you feel the need to escape, relax, recharge, you might want to carve out a regular place you call home. Download our book to read more about Adventure Colony. It’s free.
Find your own fortress of solitude.
Viva Tropical Radio
Josh and Park have experienced many different colorful situations over the years while scouting out real estate investments. Join them today for a podcast recount as murder confessions, 300 lb. tunas, and 9mm Berettas all make appearances when they retell some of their stories from the road.
Maybe the greatest job in the world, Park and Josh reminisce about some of their most memorable days while exploring the far reaches of Central America in their search for the best real estate can offer.
In this episode, we discuss:
- How to get the right boat for scouting
- Why bodyguards make fun scouts
- Where you can reel in a 300 lb. tuna
And much more.
Listen to the show
You can listen to the show using the player above or grab it and listen on the go via one of the following options:
- Click here to download the mp3
- Click here to subscribe via iTunes
- Click here for the RSS feed (non iTunes)
- Click here for the show archive
The Show Notes
- Get Paydirt here
- Watch Josh and Park get pulled out of the mud by a horse
- Park and his tuna
What makes a destination a great place to live? Is it the place with the most pleasant surroundings? The lowest cost of living? Or even the healthiest and happiest people?
In compiling my list of the best places to live in the world, I took into consideration all of those factors. Plus some others I’ll mention as we go. And the common denominator among all ten of my top destinations is that they’re all in Latin America.
liveandinvest
Why? Because the countries just south of the U.S. border have so much to offer in terms of natural beauty, authentic culture, unrivaled quality of life, and a heck of a lot of bang for your buck.
That’s why these ten best places to live in the world are becoming home to an increasing number of North American expats each year. Because when it comes down to choosing a place to actually settle down and dive into the local culture and become a part of the expat community, you just can’t beat these ten destinations.
Boquete, Panama
Panama consistently ranks among the top retirement destinations in the world, taking top billing again in 2014. And Boquete is its crown jewel, claiming more North American expats than anywhere else in the country, with the exception of the capital of Panama City.
Yet even with its status as a top expat hotspot, it still maintains a small-town feel, due in part to its quaint mountain setting and friendly locals. It’s also home to pretty much any type of business or service you could ever need, thanks to a long-standing expat presence.
Surrounding Boquete are cloud forests, coffee farms, rivers, and numerous other natural landscapes that offer a wealth of activities for the adventurous expat. The area enjoys spring-like temperatures all year, with frequent showers that produce almost daily rainbows.
The cost of living is low, although it’s slowly climbing as more and more expats settle in the area. With fantastic infrastructure and a lot of modern developments, it’s still a great value. Panama is also a favorite destination due to its attractive retirement program benefits for those who qualify.
Cuenca, Ecuador
Cuenca is another mountain town with a large expat community, and for good reason. It’s known for its rich culture, which includes its colonial architecture and a lively art and music scene.
Ecuador also boasts one of the lowest costs of living in the Americas. You can plan to spend less on everything from fresh produce to a renovated condo in the bustling downtown area.
Cuenca is home to a number of universities, making it a hub for international students. It’s also a great, safe place for families with its excellent education and health care options.
There are also plenty of great restaurants, bars, shopping centers, and all of the other creature comforts you’d expect to find in a metropolitan city. Yet it enjoys the same slow pace of life you’ll find throughout Latin America. It’s the best of both worlds.
Though it’s recognized for the terra cotta roofs and blue church domes that dots its city skyline, the area around Cuenca is equally breathtaking. It sits at the convergence of four rivers and is surrounded by mountains, offering plenty of opportunities for outdoor adventure.
Tierra Magica
Nosara, Costa Rica
Nosara is the perfect example of what happens when a city is founded with a plan and the residents remain committed to that vision for decades running. Once used for grazing cattle, the land in and around Nosara has been developed very intentionally, and the results are really remarkable.
No high rise condos block your view of the beautiful sunsets on Nosara’s pristine beaches. Numerous conservation efforts and organizations work to maintain the area’s natural surroundings.
Nosara is known for its surfing, yoga, and healthy lifestyle options. It’s also a great place for families. It’s safe and has several really good schools.
And Costa Rica’s laid-back lifestyle easily adds to the reasons Nosara is one of the best places to live in the world. The locals are incredibly welcoming, greeting residents and visitors alike with the phrase “pura vida” (pure life) that’s become a motto of sorts for the country.
Nosara has a good-sized expat community, as well as the established infrastructure and development you’d expect from such a world-class destination.
Steve D.
Roatan, Honduras
The largest of the Bay Islands, Roatan is a great choice if island living is what you’re after. With plenty of development and consumer options, as well as an airport with direct flights from the U.S., there’s little need to ever leave the island.
There you can enjoy every imaginable aquatic adventure. From sailing to sport fishing to kayaking through the mangroves, it’s all possible in Roatan. Just off the coast you’ll also find access to the world’s second largest reef system, which makes for some incredible snorkeling and scuba diving.
Because it hasn’t quite yet reached the popularity of some of its Latin island counterparts, Roatan is still a bit more affordable. However with its growing tourism industry, including frequent visits from cruise ship passengers, Roatan’s appeal is being discovered by more and more would-be expats each year.
Despite its growing population Roatan still offers some off-the-beaten path areas that offer plenty of solitude, including a few villages that still don’t have electricity.
VivaTropical
Boca Chica, Panama
Another Panama destination has made the list, thanks to its attractive retirement benefits and amazing investment opportunities. Boca Chica is an island destination that’s still relatively unknown but has the potential for tremendous growth in the coming years.
Located in the Gulf of Chiriqui, it consists of a mainland city and an archipelago of over 50 islands, many of which are completely uninhabited. Residents of Boca Chica can spend their days exploring otherworldly islands covered in rainforests, mangroves, and even white sand beaches.
And because of its convenient location, those same adventurous expats can then take a quick shower and drive 45 minutes to enjoy a first-rate steak dinner in a world-class restaurant in the nearby city of David.
It’s this strategic location, combined with a whole host of ongoing infrastructure improvements, that makes Boca Chica real estate such a great investment.
An airport expansion that’s now bringing in direct international flights is among one of the biggest value-adds the area has seen. Folks can now fly in to David from anywhere in the world and find themselves in Boca Chica in under an hour.
P. Schenll
Granada, Nicaragua
Granada is another colonial city that’s absolutely brimming with culture and charm. Horse-drawn carriages still dot the cobblestone streets. If it weren’t for the freshly-painted tropical colors on the historic buildings, you might think you’d stepped back in time.
Well, that and the modern amenities available in the city, a stark contrast from the wilderness that occupies most of the rest of the country. In what’s a mostly underdeveloped country, Granada offers things like reliable utilities, four-star restaurants, and state-of-the-art fitness centers.
It’s located on Lake Nicaragua, one of the largest freshwater lakes in the world. It’s also surrounded by several volcanoes, so plenty of opportunities for exploration abound.
Granada is a town that fought its way back from near demise due to bankruptcy and other issues, but you’d never know it today. Instead, modern-day Granada is abuzz with construction projects and up-and-coming developments.
Granada real estate is extremely affordable, as is the cost of living in the country. It’s home to a number of expats, many of whom are involved in humanitarian efforts in the surrounding impoverished areas.
Ambergris Caye, Belize
If you want to feel like you’re on vacation 24/7 then look no further than the island of Ambergris Caye. Due to its status as a tourist mecca, it’s ripe with all kinds of activities and attractions.
There are surf shops and scuba schools, beach-side restaurants and bars, and plenty of flip flops and floral shirts. In fact, most of the island’s inhabitants are foreigners, particularly those who operate enterprises geared towards other expats and visitors.
The large expat community isn’t the only thing that makes Ambergris Caye feel familiar. Because Belize was originally a British colony, it’s the only Central American nation whose residents rely on the British legal system and speak English as their official language.
Among the biggest perks of the island are that it’s an ocean lover’s dream. Thanks to its proximity to the Belize Barrier Reef, the second largest in the world, it’s the perfect place to enjoy scuba diving, sailing, and sport fishing. You can also explore the more than 450 other islands that lie off the coast.
Antigua, Guatemala
If you’re looking for a place that’s a little less popular among expats and tourists, then you should definitely check out Antigua. It’s a well-preserved colonial city nestled in between some amazing mountains and volcanoes, which make for an impressive skyline.
Because it’s not as highly sought after as some of the other destinations on the list, the cost of living in Antigua is probably a little less than in some of its Latin competitors. Real estate is a great bargain, as are essentials like fresh fruits and veggies and utilities.
With the low cost of living, it’s also possible to splurge on luxuries such as domestic help, which at only $2 or $3 per hour is something many expats are thrilled to find that they can afford when they relocate to the tropics.
In addition to the mountainscapes, Antigua is also decorated with beautiful flora and fauna, as well as the cobblestone streets and other charming touches you’d expect in an ancient destination.
Equipped with just the right amount of infrastructure, Antigua is also known for its Spanish language schools.
Phil
Placencia, Belize
If you like Belize but aren’t crazy about the gringo-saturated island culture then the mainland city of Placencia is another place worth the title of best places to live in the world. If the islands are like living on a resort, then Placencia is like relaxing on a postcard.
The beaches are wider, whiter, and less crowded than in places like Ambergris Caye. There are still plenty of activities to enjoy, but there are also more places to spread out or even find a secluded spot all to yourself.
There’s also a more authentic Caribbean vibe on the mainland, which many expats prefer. It has an even more laid-back atmosphere (if that’s possible), with not even so much as a paved road anywhere in town.
As opposed to the expat-run businesses on the island, the locals are very involved in commerce in Placencia. They even offer guided diving and fishing excursions to visiting foreigners.
Plus, since Placencia is on the mainland, it’s also close to a number of activities suited for the land lover, like jungle exploration and archaeological sites.
Alex Torres
Lake Chapala, Mexico
Understandably Mexico is home to more U.S. expats than any other country. And, other than the border town of Tijuana, the majority of those live in the Lake Chapala area. So suffice it to say that 40,000 U.S. expats would agree that this city is one of the best places to live in the world.
Mexico’s largest freshwater lake, Chapala was once planned as a luxury resort town. It serves as a weekend getaway for locals from Guadalajara and has attracted expats for decades, including Tennessee Williams who chose it as the site from which to write A Streetcar Named Desire.
In addition to the beauty of the lake and surrounding mountains, Lake Chapala offers an ideal climate year-round. It’s also famous for its mariachi music.
Which of the best places to live in the world is right for you?
So if stunning scenery and adrenaline-pumping adventure are your thing, there’s a place on this list that’s right for you. If sustainable living and a relaxed vibe are what you’re into, there’s a destination where you can find those as well.
I’ve done the hard part by laying out the ten best places to live in the world. Now all you have to do is narrow it down.
Viva Tropical Radio
Author Jonathon Weisberger joins the show to discuss his experience living and helping the Secoya people. What happens to culture, life, and spirituality when they develop within the jungle away from modern life.
Jonathon discusses what he learned and why he continues to work with the Secoya elders. He also talks about how others can experience their sacred Ayahuasca/Yage ceremonies.
Listen and enjoy an amazing opportunity to get a glimpse into another world.
In this episode, we discuss:
- Why Yage/Ayahuasca ceremonies are growing in popularity in North America.
- How the Secoya developed their own spiritual science over thousands of years.
- What it is like to have the jungle as your home.
And much more.
Listen to the show
You can listen to the show using the player above or grab it and listen on the go via one of the following options:
- Click here to download the mp3
- Click here to subscribe via iTunes
- Click here for the RSS feed (non iTunes)
- Click here for the show archive
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The Show Notes
Jonathon Weisberger’s Book
- Check out Jonathon’s lodge
- Read Jonathon’s book