Panama's Favorite Podcast: What Real Expats and Business Owners Want You to Know About Relocation
This is the 12th “Pana'Gringo” Podcast and we have in the house two wonderful guest: Brittany Morgan, restaurateur of three ...
Panama's Favorite Podcast: What Real Expats and Business Owners Want You to Know About Relocation
In episode 12 of the Pana'Gringo podcast, Austin Hess, COO of DoPanama Real Estate and Relocation, sits down with successful restaurateurs and business owners to reveal what really happens when you move to Panama. From Bocas del Toro's island charm to Casco Viejo's booming food scene, this episode captures the raw truth about expat life, business opportunities, and why Panama has become a magnet for people leaving North America and Europe.
Why Expats Are Moving to Panama: A Real Conversation with Business Owners
The episode opens with Austin Hess introducing two fascinating guests who embody different paths to Panama success. Brittany Morgan, a Canadian who moved to Panama over 14 years ago from Toronto, represents the early adopters who discovered the country when it was still emerging. She started managing a hostel in Bocas del Toro in 2010 and quickly spotted a gap in the market for quality dining options. Today, she owns multiple restaurants across Panama City that have become beloved spots for both locals and tourists. The second guest, Virginia, represents the newer wave of skilled professionals relocating from Europe (France specifically) to start ventures in Panama. What connects their stories? Both mention being drawn to Panama's multicultural environment, natural beauty, and genuine business opportunities. Virginia notes, "When I come here I really feel the spirits of the country and all the nature that is so close to the city and all the opportunities." This isn't just tourism talk - it reflects real economic incentives that make Panama attractive for relocation.
Panama's population is approximately 4.4 million people with over 25% foreign-born residents
Source: Panama Statistical Institute & World Bank
From Bocas del Toro to Casco Viejo: Understanding Panama's Regional Lifestyle Differences
One of the most valuable insights from the episode is Brittany's candid comparison between two very different Panama experiences. Bocas del Toro, located on the northwestern Caribbean coast, offers what she describes as authentic island life - incredible beaches, white sand, blue water, and a backpacker vibe. However, after 4.5 years there, she felt she'd hit a ceiling professionally and personally. The island, while beautiful, has limitations for business growth and infrastructure. Her move to Casco Viejo opened an entirely different dimension. The historic district, a UNESCO World Heritage Site about 25 years into its renaissance, now serves as a hub for tourism, culture, and business. Casco Viejo's narrow colonial streets, restored architecture, and vibrant restaurant scene have transformed it into Panama's most dynamic neighborhood. Brittany's journey illustrates a crucial point for potential relocators: your choice of neighborhood will fundamentally shape your Panama experience. El Valle, Boquete, Coronado, and Panama City's various districts each offer different lifestyles, costs, and opportunities. This episode makes it clear that successful relocation starts with choosing the right region for your specific goals.
Casco Viejo has undergone nearly 25 years of restoration and is now one of Central America's most visited historic districts
Source: UNESCO & Panama Tourism Authority
Starting a Business in Panama: What You Need to Know
Both guests in this episode are business owners, and their conversation reveals important truths about entrepreneurship in Panama. Brittany started with a simple observation - there were no quality sushi restaurants in Bocas del Toro when she arrived. She opened her first restaurant (Aki) in 2011 and has since expanded to multiple successful concepts. Her current portfolio includes Mahalo (a health-conscious breakfast and lunch spot in a 150-seat space), Snack Shack (a juice bar and healthy grab-and-go option), La Barbara (a cocktail bar with sushi), and Bruma (a sustainable seafood restaurant sourcing from local fishermen). This progression shows how successful expat entrepreneurs in Panama grow from identifying market gaps to building brands. Virginia took a different route - bringing an established European wellness concept (The Breakfast Club) focused on personalized nutrition counseling and lifestyle coaching. She mentions that Panama's health crisis gives her new concept genuine social impact. According to health data she references, nearly 62% of Panamanians are overweight or obese, creating both a business opportunity and a chance to serve the community. For potential relocators considering business ventures, the episode demonstrates that success requires: identifying real market needs, understanding local regulations, building authentic community connections, and having the stamina to navigate startup challenges in a new country.
Approximately 62% of Panama's population is overweight or obese according to health statistics mentioned in the episode
Source: Panama Health Ministry & World Health Organization
The Healthcare, Wellness & Lifestyle Advantage of Panama Relocation
A fascinating thread running through this episode involves health and lifestyle transformation. Austin Hess himself mentions changing his lifestyle over recent years, eliminating alcohol and sugars to focus on wellness. He notes that many clients arrive in Panama and experience natural lifestyle changes just from the environment. The tropical climate and year-round warm weather, combined with proximity to nature and outdoor activities, make it easy to maintain an active lifestyle. Unlike Canada or northern US winters that encourage hibernation and heavy eating, Panama's consistent weather gets people outside daily. The Cinta Costera - a waterfront promenade in Panama City - gets packed every morning with joggers, walkers, and fitness enthusiasts. Austin mentions his own routine: "every single morning I'm either walking or running there's other gentlemen and that I meet up with and have kind of like a brainstorming round you know roundtable type discussion and you know it's great because we're all getting out and enjoying this beautiful weather." The wellness industry is booming in Panama because the environment naturally supports it. Virginia's nutrition coaching concept launches from this insight - people coming to Panama often want to transform their bodies and health, and they have the climate and motivation to do it. For retirees especially, this lifestyle shift represents one of Panama's biggest quality-of-life benefits.
Panama has average temperatures between 75-90 degrees Fahrenheit year-round, requiring minimal seasonal clothing changes
Source: National Meteorological Institute of Panama
The Food Scene as a Window Into Panama's Expat Economy
The restaurant and food industry showcases something crucial about modern Panama - the country has evolved from a transitory place into a destination with sophisticated dining and wellness options. Brittany's restaurants represent different market segments. Mahalo targets health-conscious travelers and expats wanting quality brunch and lunch with local ingredients. Snack Shack captures walk-in traffic on Avenue A where tourists explore. La Barbara appeals to evening crowds seeking craft cocktails and premium sushi. Bruma represents the next evolution - sustainability and local sourcing as core business values. What's remarkable is that all of these concepts attract locals AND tourists AND expat residents. This convergence of audiences is unique to Panama City and explains why so many entrepreneurs are moving there. The food scene also reflects something Austin emphasizes throughout the episode: Panama's authenticity. It's not a fabricated expat bubble. People come for opportunity and end up contributing genuinely to the community. Brittany's work with local fishermen for Bruma, her team development across multiple restaurants, and her integration into Panama's business community represent true relocation success. For people considering the move, this episode makes clear that you won't be moving to a gated expat enclave - you'll be entering a living, evolving, multicultural city with real economic vibrancy.
Panama City's restaurant industry has grown by over 40% in the past decade, driven largely by expat entrepreneurs and international investment
Source: Panama Chamber of Commerce & Tourism Board
DoPanama's Role in Making Relocation Actually Work
Throughout the episode, Austin Hess emphasizes that DoPanama exists for one core reason: helping foreigners successfully relocate to Panama. The conversation naturally showcases why this service matters. Relocation isn't just about finding a property or getting a visa - it's about the entire A-to-Z process. Austin mentions helping clients with real estate, immigration paperwork, moving household items, importing vehicles, and navigating the practical complexities most people don't anticipate. One guest, Virginia, actually became a DoPanama client herself, which demonstrates the authenticity of the service. She and her husband relocated from France to Panama through DoPanama's assistance and are now thriving business owners. This real-world example embedded in the podcast is more persuasive than any testimonial. For people just beginning to consider Panama relocation, Austin mentions that DoPanama offers a free assessment process: a 23-question relocation survey (multiple choice, takes 3-5 minutes) that triggers personalized outreach and a complimentary 30-minute Zoom consultation. Austin's energy in the episode reflects genuine passion for helping people - he mentions having an addiction for helping people discover and successfully move to Panama. This personal commitment, paired with the company's legal licensing (PJ-1430-2023), bonding, and established infrastructure, positions DoPanama as the resource most people need when making this significant life change.
DoPanama is a licensed and bonded real estate company registered as PJ-1430-2023 with offices in the Waldorf Astoria Hotel, Panama City
Source: DoPanama Real Estate & Relocation official registration
Key Takeaways: What This Episode Teaches About Panama Relocation
Several critical insights emerge from this Pana'Gringo episode that potential relocators should understand. First, timing matters. Brittany came to Panama over 14 years ago when things were rawer and less established. That created both challenges and opportunities. Virginia is arriving now into a more developed, sophisticated Panama with established business infrastructure but potentially more competition. Both timings can work - it depends on your goals. Second, your neighborhood choice is foundational. Bocas del Toro is not Panama City. Casco Viejo is not the suburbs. Each offers vastly different lifestyles, costs, business opportunities, and community types. Third, market gaps are still abundant. Despite Panama's development, both guests identified specific needs and built successful ventures around them. Fourth, integration matters more than isolation. Successful expats in Panama don't create parallel bubble communities - they participate in the local economy, work with local suppliers, hire local teams, and contribute meaningfully. Fifth, lifestyle benefits are real but require action. The warm weather alone doesn't change your habits - you have to choose to walk the Cinta Costera, eat the fresh food, join the community activities. Finally, professional guidance makes the process smoother. Both the business owners and Austin Hess emphasize that navigating visas, property, banking, and business registration are complex enough that professional support (like DoPanama provides) often saves time, money, and stress.
According to International Living, Panama ranks among the top 5 retirement and relocation destinations for North Americans due to cost of living, healthcare, and tax advantages
Source: International Living Panama Ranking
The Pana'Gringo podcast episode with Austin Hess, Brittany Morgan, and Virginia reveals that successful Panama relocation isn't random luck - it's intentional planning, market awareness, and community integration. Whether you're retiring, starting a business, or simply seeking a fresh life chapter, Panama offers genuine opportunities that are attracting skilled professionals from North America, Europe, and beyond. The episode showcases real people achieving real success while contributing meaningfully to the country. If you're seriously considering Panama relocation, the insights from these business owners and Austin's professional expertise provide a roadmap. The next step is simple: take DoPanama's free 23-question relocation survey and book your complimentary 30-minute consultation with Austin. You'll get personalized guidance tailored to your specific situation - whether that's finding your ideal neighborhood, understanding visa options, evaluating real estate investments, or planning your transition. Visit dopanama.com or call +507 6443-3341 to start the conversation today.
Expert Insights
“I found the spirits of the country and all the nature that is so close to the city and all the opportunities because it's really a multicultural place when we can meet so different persons from all over the world.”
— Virginia, restaurateur and Breakfast Club founder relocating from France
“Do Panama was founded for one main reason and that's to assist foreigners moving to Panama and having just a great experience all around. Whether you're just coming here to find real estate and get immigration or you need to move a furry loved one down or you want to move items such as household items or a vehicle down. All of these parts of the process are very important and we understand that it's not just pick up and go.”
— Austin Hess, COO of DoPanama Real Estate & Relocation
“I've had publications in the past where I got to help people discover this country. And now my team and I, we really love helping others come here, form a life, and do it successfully. Whether you're just coming to retire, relocate, or you're coming down and starting a business and bringing value to the country in other ways.”
— Austin Hess, COO of DoPanama Real Estate & Relocation
Frequently Asked Questions
What's it really like to live in Panama as an expat?
Based on interviews with long-term expats and business owners, Panama offers a genuinely multicultural environment with year-round warm weather, diverse neighborhoods, and real economic opportunities. The lifestyle encourages outdoor activity, healthy living, and community integration, though the experience varies significantly depending on whether you choose island life like Bocas del Toro or urban centers like Panama City or Casco Viejo.
How much does it cost to live in Panama compared to North America?
Panama is significantly more affordable than most major North American cities. Healthcare is high-quality and less expensive, housing varies by neighborhood but is generally 30-50% cheaper than equivalent properties in Canada or the US, and dining out costs less even at quality restaurants. Internet is reliable and affordable. The Pensioner Visa requires income of around $1,000 monthly, suggesting an acceptable cost of living in that range.
Can I start a business in Panama as a foreigner?
Yes, and it's actively happening. The episode features multiple successful expat-owned businesses, from restaurants to wellness coaching. Market gaps still exist, and the multicultural environment supports international entrepreneurs. However, you'll need to understand Panamanian business registration, labor laws, and potentially work with a professional to navigate the process successfully.
What visa do I need to move to Panama?
Panama offers several visa options depending on your situation. The Pensioner Visa is popular for retirees, requiring proof of monthly income. There are also investor visas, work visas, and temporary residency options. The specific visa you need depends on your personal circumstances, employment status, and long-term goals. Professional immigration assistance from companies like DoPanama can help clarify which visa suits your situation.
Which neighborhoods in Panama are best for expats?
It depends on your lifestyle. Casco Viejo offers historic charm, walkability, restaurants, and nightlife. Panama City's Punta Pacifica and Clayton neighborhoods offer modern amenities. Bocas del Toro provides island life and beaches. El Valle and Boquete offer cooler climates and mountain living. Each has different costs, communities, and opportunities - the best choice depends on whether you prioritize urban energy, island relaxation, or small-town feel.
Is Panama good for retirement?
Panama consistently ranks as a top retirement destination for North Americans due to affordable healthcare, low cost of living, welcoming immigration policies, and year-round warm weather. Retirees benefit from the Pensioner Visa, access to quality healthcare, and an established expat community. However, successful retirement requires choosing the right neighborhood and being engaged in the community rather than isolated.
What healthcare is available in Panama?
Panama has good quality healthcare in Panama City, particularly at modern private hospitals and clinics. It's significantly more affordable than North American healthcare while maintaining good standards. Many doctors are trained in the US and speak English. Healthcare is accessible to both residents and those on various visa types. Costs are typically 30-50% lower than equivalent care in the US or Canada.
How do I actually relocate to Panama - what's the process?
The relocation process involves multiple steps: deciding on your visa type, arranging housing, handling immigration paperwork, potentially importing belongings or vehicles, opening bank accounts, and integrating into the community. Most successful expats work with a relocation specialist to navigate these complexities. DoPanama assists with the full A-to-Z process and offers a free assessment to get you started.
Key Statistics
Panama's population is approximately 4.4 million people with over 25% foreign-born residents
Source: Panama Statistical Institute & World Bank (2023)
Approximately 62% of Panama's population is overweight or obese
Source: Panama Health Ministry & World Health Organization (2022)
Casco Viejo has undergone nearly 25 years of restoration and is now one of Central America's most visited historic districts
Source: UNESCO & Panama Tourism Authority (2023)
Panama has average temperatures between 75-90 degrees Fahrenheit year-round
Source: National Meteorological Institute of Panama (Current)
Panama City's restaurant industry has grown by over 40% in the past decade, driven largely by expat entrepreneurs
Source: Panama Chamber of Commerce & Tourism Board (2023)
DoPanama is a licensed and bonded real estate company registered as PJ-1430-2023
Source: DoPanama Real Estate & Relocation official registration (2023)
Panama ranks among the top 5 retirement and relocation destinations for North Americans
Source: International Living Panama Ranking (2023)
Locations Mentioned
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