Any stats on number of Americans living in Panama?

Discussion in 'Living in Panama' started by Michael, Nov 25, 2006.

  1. Michael

    Michael New Member

    I'd be interested to know how many Americans live in Panama on a full-time or part-time basis. Does anybody know? Has there been a study about that that you could direct me to?
     
  2. pan

    pan New Member

    During his trip to Panama in November 2005, George W. Bush said that 25,000 US citizens live in Panama. I've heard higher number in the past, but 25,000 seems about right to me.
     
  3. Bernard

    Bernard New Member

    How about Europeans???
     
  4. Michael

    Michael New Member

    Thanks pan! That's very interesting to know... I had no idea so many Americans live in Panama. Do you know if there had any study been made on this? Thanks again!

    Cheers,

    Michael
     
  5. Frank

    Frank New Member

    I wonder how many Germans there are in Panama?
     
  6. mariee

    mariee New Member

    Are there many ex-Americans living in Panama?

    United States citizens still have to pay income taxes to the United States government no matter where they live. For that reason, I would think people would try to give up their United States citizenship if moving to Panama.
     
  7. randy

    randy New Member

    Not a good move unless you have no plans on ever leaving Panama again. If you do, and all you have is Panamanian citizenship, you'll be treated as a run-of-the-mill third world citizen wherever you go.
     
  8. craigguy

    craigguy New Member

    I suppost that's true. I just wonder if it is worth paying so much taxes to the U.S. government just for citizenship, when you aren't even living in the country.
     
  9. randy

    randy New Member

    That's true. I guess the alternative is to obtain Canadian or European citizenship (if you qualify) so you can travel without hassles, and to live outside the country of citizenship e.g. in Panama so you don't have to pay any taxes.
     
  10. MRWOOHOO

    MRWOOHOO New Member

    I am pretty sure that as long as you dont make more than $80K/yr outside the country you dont pay taxes on it. Any money you make in the USA you pay taxes on. If you incorporate in Panama and implement the great banking system you probably dont have that much to worry about. As always hire a good attorney in Panama.
     
  11. expatplayer

    expatplayer New Member

    The US counts money made from investments as income, which can put some people over that $80,000.
     
  12. killian

    killian New Member

    As Panama is not a very big country, 25 thousand is a good number of American people there, most of them must be investors I guess :)
     
  13. Nosfer

    Nosfer New Member

    well i know that Panama has around 3 mil population, so.. if there are 25,000 americans... if means there are quite a lot... anyway.. if i would be american, i'll definetely open a small business here.
     
  14. MonAmb

    MonAmb New Member

    Very interesting to find out that there are 25,000 Americans living in Panama. I would definitely like to know how many Europeans or British people are living in Panama, i cannot see it being a high number with it being so far away from Europe. Heck, what am i saying, I've seen plane trips going for something stupid like $40 these days, crazy prices really. I would like to know how much a cheap airplane ticket to Panama costs. Anyone have any clues?
     
  15. panamapal

    panamapal New Member

    25,000 is a lot of people. That must inspire some expat focused businesses in Panama.
     
  16. triptrop

    triptrop New Member

    Great Info
     
  17. miki2008

    miki2008 New Member

    Wow! 25,000 sounds like a lot of people but I guess when you measure it up against the 2-3 million that live in panama it isn't quite a large number.
     
  18. expat

    expat New Member

    Does anyone have a clue as to how many ethnic Chinese live in Panama? My wife is Chinese, and it would be good for her if there were a lot around. I'm not Chinese myself, but I speak the language, and it would be good for me to stay in practice.
     
  19. MRWOOHOO

    MRWOOHOO New Member

    If you are looking to be around ethnic Chinese come to El Dorado. Anywhere around the El Dorado mall you will find what you are looking for. There are just as many Chinese as there are Panamanians.
     
  20. pranith

    pranith New Member

    I dont know exactly how many Americans are in Panama, I think you check with the American Embassy.
     

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