116: How To Move To Panama Or Use It As Your Plan-B Residency – Mikkel Thorup
The Expat Money Show - With Mikkel Thorup · Mikkel Thorup
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Show Notes
WHAT WE DISCUSSED IN THIS INTERVIEW:
- Mikkel's story about moving to Panama
- Why did he move here?
- Facts about the country
- Cost of living in Panama
- Standard of living
- Medical facilities
- International Insurance
- Tax
- “Free Trade Zones” In Panama
- Banking and Financial sector
- Residency
- Lockdowns
- Mikkel's opinion of Panama
- Popular places to live
- Learning Spanish
- and more!
HOW TO FIND MIKKEL'S WORK
- Feel free to reach out to me here if you want to move forward with your visa and come to Panama, I will do my best to help!
- Please, continue this conversation at ExpatMoneyForum.com
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If you’d been receiving the EMS Pulse newsletter and the weekly Expat Sunday Times, you would have already read the basics of today's story! Sign up now, and you’ll also receive my FREE special report, “Plan B Residencies and Instant Citizenships.”CONCLUSION
If you are looking for a backup residency, Panama is a good option because it is affordable and you only need to visit the country one day every two years. It's a tropical country, with warm weather all year round. Taxes are almost nonexistent, no standing military, lots of expats, lots of freedom (outside of covid), a high standard of living, and a cosmopolitan lifestyle. These are just some of the reasons Panama might be a good option for you, listen in to the episode for everything you will need to know to make it a reality.Mentioned in this episode:
No Plan-B Without the Language
If you’re planning to move overseas—or even just set up your offshore Plan-B—learning the local language isn’t optional. It’s protection. It’s access. It’s power. StoryLearning makes it easy to start today, from home, by immersing you in real stories—not grammar drills. Spanish, Portuguese, French, and more—learn the language the smart way before you land. Go to StoryLearningCourses.com.
Join Me In Panama For Our Next Tour
I have great news. After many meetings and explanations, the Panamanian government has agreed to keep the Investors Visa at a $300k Real Estate investment instead of nearly doubling the amount required, as they said they would. This is a massive win for our community who wants to move to or invest in Panama, but I am not sure how long this will last… If you have been thinking about Panama, then I want to make an invitation to you today. Come join me for a special four-day tour to see if the country I call home is right for you and your family. We have just released the next set of trip dates. You can find out more at ExpatMoney.com/fly. Come visit me and the Expat Money team, get a feel for the country and see if Panama makes sense for investment or as a new home.
Panama Fly'n Buy Real Estate Tour
Gold in the Caribbean—No Bank Can Touch It
Fiat is failing. Banks are cracking. And smart investors are moving their gold offshore—outside the system. I’ve partnered with a fully insured private vault in the Caribbean where you can buy, store, and protect physical gold… legally and securely. The entire account opening is done online—fast, private, and no nonsense. If you’re serious about protecting your wealth, get the details now at ExpatMoney.com/gold
Gold in the Caribbean—No Bank Can Touch It
Fiat is failing. Banks are cracking. And smart investors are moving their gold offshore—outside the system. I’ve partnered with a fully insured private vault in the Caribbean where you can buy, store, and protect physical gold… legally and securely. The entire account opening is done online—fast, private, and no nonsense. If you’re serious about protecting your wealth, get the details now at ExpatMoney.com/gold
No Plan-B Without the Language
If you’re planning to move overseas—or even just set up your offshore Plan-B—learning the local language isn’t optional. It’s protection. It’s access. It’s power. StoryLearning makes it easy to start today, from home, by immersing you in real stories—not grammar drills. Spanish, Portuguese, French, and more—learn the language the smart way before you land. Go to StoryLearningCourses.com.