Residency and Living Options in Our Communities: Panama Living Insights
In this video, we're diving into an important question about residing in our communities. Do you need to be a resident of Panama to live in one of our vibrant and sustainable communities? Let's explore your options.
In Panama and other countries, you can purchase property in our communities without being a resident. However, when it comes to living in Panama, tourist visas typically grant you 3 to 6 months in the country before you need to leave and return. This can be suitable for some, but it may require frequent international travel.
Many people opt for residency to enjoy a more convenient and permanent living arrangement. Residency not only allows you to stay in Panama without the need for frequent visa renewals but also opens doors to a variety of benefits, especially in uncertain times like the COVID-19 pandemic. We've heard stories of individuals who couldn't access their million-dollar beach homes during the pandemic simply because they lacked residency.
While residency is highly recommended for those planning to make our communities their primary residence, some embrace the digital nomad lifestyle and alternate between countries. With the soaring property prices in the US and Canada, living in our sustainable communities in Latin America can offer an appealing and cost-effective alternative.
Join us as we discuss these living options and make an informed choice for your future in our communities.
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