Are you dreaming of a new life abroad? Whether you’re imagining tropical beaches in Panama or rolling vineyards in Tuscany, moving overseas can be life-changing, in all the best ways. But which destination is truly better for you? Today, we’re comparing Panama and Tuscany based on some key factors that really matter—residency, work opportunities, taxation, and the all-important cuisine scene. By the end of this countdown, you’ll have a clearer picture of which of these two beautiful locations could be your next home!
I always thought if I lived abroad, it would be in Tuscany, so this count-down is near and dear to my heart. There are so many things I love about Tuscany—the food, the wine, the FOOD! For years, I daydreamed what my life in Tuscany would be like… but when it came to the practical aspects of day-to-day life, I chose Panama. There are so many things about Panama are just easier, things that didn’t even make it into this countdown. Whether it’s cheap domestic services or just the ease of getting there from North America.
I have tried to be very subjective in this countdown and have tried to keep the information as factual as possible.
Are you ready to continent hop? Let’s get started!
#10 – Climate
Starting with climate, Panama offers warm, tropical weather year-round, perfect for sun lovers. With temperatures staying in the mid-80s, you’ll get plenty of beach days. If you like a more temperate climate, the mountain towns, such as Boquete, offer year-round spring weather, with temperatures in the 70s and 80s.
Tuscany, meanwhile, has a Mediterranean climate with hot summers and cool winters, giving you the best of both worlds if you love distinct seasons. Want to enjoy snowy days or soak in the summer sun with a glass of wine? Tuscany offers the full seasonal experience, while Panama is ideal for endless spring or summer.
Who is the winner? Only you can decide which climate you like best.
#9 – Real Estate Options
Panama gives you a range of affordable housing options, whether you want a beachfront condo or a mountain retreat. Prices are relatively low compared to Europe or North America, making it easier to find a place that fits your budget. Tuscany, on the other hand, is known for its charming villas and rustic farmhouses. While beautiful, these homes tend to be more expensive, especially in popular areas like Florence or Siena. If you’re looking for affordability and modern amenities, Panama is the obvious choice, but if you crave character and history, Tuscany might be more your style.
However, Panama’s cost to maintain a property is dirt cheap compared to the rest of the world. Plus, renovations in Panama are super-easy and inexpensive, while getting permits and permissions to renovate in Italy can range from HARD to Impossible. I was in Tuscany a few weeks ago, and I was asking one of my Italian friends how hard it was to renovate a property. He literally smacked his hand against his head and let out a streak of what were probably Italian curse words.
He said getting renovation permits is incredibly hard for Italians, and he couldn’t imagine how an expat could get it done. The only way to get it done is to hire someone who has the connections, because the process will change from town to town and can take months… or even years.
Because getting the correct permits is so hard, he said that many Italians renovate without a permit. But because a property can’t be sold without the correct permits, the Italian owner then needs to UNDO their renovation when it’s time to sell. If they had put in a new bathroom, they take it out. If they had lowered a window, they have to raise it back up. Not only do they have to pay for a renovation twice—once to put it in and once to take it out—but the non-permitted improvements can’t be passed on to the next buyer. CRAZY!
For that reason alone, Panama wins this round.
#8 – Residency
Panama makes getting residency incredibly easy, especially through the Friendly Nations Visa program, which allows citizens from over 50 countries to apply for permanent residency with minimal hassle. Whether you’re looking to move for work, investment, or simply for a change of lifestyle, Panama offers several visa options that are quick and straightforward. In fact, you can fly to Panama today, and then apply for residency once you’re here.
Italy has more complex residency requirements, especially if you’re from outside the EU. While it’s possible to get long-term residency, it requires more paperwork and a higher financial threshold that’s literally more than 3 times higher than what’s required in Panama. Plus, every expat who has ever gotten residency in Italy will tell you that it’s harder than you ever thought possible because of the crazy bureaucracy.
If ease of residency is a priority, Panama is the clear winner.
#7 – Cultural Experience
Tuscany is a treasure trove of history, art, and culture. Living in Tuscany means being surrounded by Renaissance architecture, ancient ruins, and world-class museums. It’s a dream come true for anyone passionate about history and the arts.
Panama has its own rich cultural heritage, too, blending indigenous traditions with Spanish influences, but it’s a more modern experience compared to Tuscany. If you’re looking for Old World charm, Tuscany comes out on top, but if you prefer a more contemporary, multicultural vibe, Panama might suit you better. However, two thousand years of culture makes Tuscany the winner.
#6 -- Ability to Work
Panama makes it relatively easy for expats to work, especially if you apply through specific visa programs that allow for employment or entrepreneurship, such as the Friendly Nations Visa. The country actively encourages foreign investment and business startups, making it a great destination if you’re looking to work or start a new venture.
In Italy, non-EU citizens face more restrictions. If you want to work in Italy, you’ll need a work visa, which can be harder to obtain unless you have a job lined up in advance.
For those seeking flexible work options, Panama has the edge here.
#5 – Taxation
When it comes to taxes, Panama is incredibly tax-friendly for foreign residents. The country operates on a territorial tax system, meaning you only pay taxes on income earned within Panama. This is great news for digital nomads or those with income from abroad, as your overseas earnings aren’t taxed.
In contrast, Tuscany follows Italy’s tax rules, which are higher and more complex. Unlike Panama, Italy taxes worldwide income, so if you’re earning from sources outside the country, expect a more significant tax burden. For those looking to maximize their financial freedom, Panama’s tax policies are a major plus.
One more for Panama.
#4 – Healthcare
Panama offers excellent healthcare at a fraction of the cost compared to the U.S., with many private hospitals in Panama City providing world-class care. There’s also a large number of English-speaking doctors.
Tuscany, however, has the advantage of being in Italy, which is known for its high-quality, universal healthcare system. Medical care in Italy is mostly free or very affordable if you have your residency, although wait times for non-emergency procedures can be longer. However, getting your medical card is another bureaucratic hurdle you need to jump over.
For healthcare, it depends on whether you prioritize fast, affordable private care (score one for Panama) or access to a universal system (score one for Tuscany).
#3 – The Cuisine Scene
Food is a huge part of life in both Panama and Tuscany, but in very different ways. Tuscany offers a world-class culinary experience, famous for its fresh pasta, olive oils, cheeses, and wines. If you love traditional, high-quality food with centuries of history behind it, Tuscany is your dream destination. While wine tasting in Tuscany earlier this month, I met a winery owner who was the 24th generation to own this winery, and that’s typical in Tuscany.
Panama, however, is a melting pot of cuisines, blending Latin American flavors with Caribbean influences, and you’ll also find plenty of international restaurants thanks to the large expat community… including a lot of Italian restaurants. From seafood to tropical fruits, Panama’s diverse food scene offers something for everyone. If you want to learn about the top types of Cuisine in Panama, CLICK HERE to watch or listen to my previous Foodie Podcast.
If variety is what you crave, Panama has a wider array of choices… but let’s face it, Tuscany’s food scene is hard to beat. In my opinion, Tuscany wins this round.
#2 – Lifestyle and Pace of Life
Panama offers a laid-back, tropical lifestyle, perfect for those who want to enjoy life at a slower pace. Whether you prefer beach towns or mountain retreats, you’ll find a relaxed way of life with a focus on nature and the outdoors.
Tuscany, while also offering a slower pace, is all about la dolce vita—the sweet life. It’s about long meals, enjoying good wine, and soaking in the beauty of the countryside. Both destinations promise a slower, more intentional way of living, but the vibe differs: tropical ease in Panama versus rustic elegance in Tuscany.
Who is the winner? Only you can decide, but I’m going to call this one a tie.
#1 – Community and Connection
Panama has a growing and vibrant expat community, especially in areas like Boquete, Coronado, Playa Bonita, and Panama City. This makes it easy to connect with fellow expats, join social groups, and feel at home quickly. You’ll also find plenty of resources to help you settle in and adjust to life in a new country.
Tuscany, while popular with expats, offers a more intimate community experience, especially in the countryside. It’s less about large expat networks and more about immersing yourself in local Italian culture. If you’re looking for a larger support system, Panama has the edge, but if you’re seeking a quieter, more integrated experience, Tuscany might be the right choice.
If you want to learn more about why community is as important as food and shelter, click here to watch this essential video.
Closing:
So, what’s the verdict? If you’re looking for ease of residency, tax benefits, and a diverse, welcoming expat community, Panama is probably your best bet. But if you’re drawn to the romance of Italian culture, incredible cuisine, and a rich history, Tuscany might be your dream destination. Whichever you choose, both Panama and Tuscany offer incredible opportunities for a new life abroad.
I still enjoy visiting Tuscany and go on a regular basis, but more me, Panama is the clear winner.
What do you think? Let me know in the comments below which you prefer: Panama or Tuscany.
Thanks for tuning in. See you next time,
Cheers!
I always thought if I lived abroad, it would be in Tuscany, so this count-down is near and dear to my heart. There are so many things I love about Tuscany—the food, the wine, the FOOD! For years, I daydreamed what my life in Tuscany would be like… but when it came to the practical aspects of day-to-day life, I chose Panama. There are so many things about Panama are just easier, things that didn’t even make it into this countdown. Whether it’s cheap domestic services or just the ease of getting there from North America.
I have tried to be very subjective in this countdown and have tried to keep the information as factual as possible.
Are you ready to continent hop? Let’s get started!
#10 – Climate
Starting with climate, Panama offers warm, tropical weather year-round, perfect for sun lovers. With temperatures staying in the mid-80s, you’ll get plenty of beach days. If you like a more temperate climate, the mountain towns, such as Boquete, offer year-round spring weather, with temperatures in the 70s and 80s.
Tuscany, meanwhile, has a Mediterranean climate with hot summers and cool winters, giving you the best of both worlds if you love distinct seasons. Want to enjoy snowy days or soak in the summer sun with a glass of wine? Tuscany offers the full seasonal experience, while Panama is ideal for endless spring or summer.
Who is the winner? Only you can decide which climate you like best.
#9 – Real Estate Options
Panama gives you a range of affordable housing options, whether you want a beachfront condo or a mountain retreat. Prices are relatively low compared to Europe or North America, making it easier to find a place that fits your budget. Tuscany, on the other hand, is known for its charming villas and rustic farmhouses. While beautiful, these homes tend to be more expensive, especially in popular areas like Florence or Siena. If you’re looking for affordability and modern amenities, Panama is the obvious choice, but if you crave character and history, Tuscany might be more your style.
However, Panama’s cost to maintain a property is dirt cheap compared to the rest of the world. Plus, renovations in Panama are super-easy and inexpensive, while getting permits and permissions to renovate in Italy can range from HARD to Impossible. I was in Tuscany a few weeks ago, and I was asking one of my Italian friends how hard it was to renovate a property. He literally smacked his hand against his head and let out a streak of what were probably Italian curse words.
He said getting renovation permits is incredibly hard for Italians, and he couldn’t imagine how an expat could get it done. The only way to get it done is to hire someone who has the connections, because the process will change from town to town and can take months… or even years.
Because getting the correct permits is so hard, he said that many Italians renovate without a permit. But because a property can’t be sold without the correct permits, the Italian owner then needs to UNDO their renovation when it’s time to sell. If they had put in a new bathroom, they take it out. If they had lowered a window, they have to raise it back up. Not only do they have to pay for a renovation twice—once to put it in and once to take it out—but the non-permitted improvements can’t be passed on to the next buyer. CRAZY!
For that reason alone, Panama wins this round.
#8 – Residency
Panama makes getting residency incredibly easy, especially through the Friendly Nations Visa program, which allows citizens from over 50 countries to apply for permanent residency with minimal hassle. Whether you’re looking to move for work, investment, or simply for a change of lifestyle, Panama offers several visa options that are quick and straightforward. In fact, you can fly to Panama today, and then apply for residency once you’re here.
Italy has more complex residency requirements, especially if you’re from outside the EU. While it’s possible to get long-term residency, it requires more paperwork and a higher financial threshold that’s literally more than 3 times higher than what’s required in Panama. Plus, every expat who has ever gotten residency in Italy will tell you that it’s harder than you ever thought possible because of the crazy bureaucracy.
If ease of residency is a priority, Panama is the clear winner.
#7 – Cultural Experience
Tuscany is a treasure trove of history, art, and culture. Living in Tuscany means being surrounded by Renaissance architecture, ancient ruins, and world-class museums. It’s a dream come true for anyone passionate about history and the arts.
Panama has its own rich cultural heritage, too, blending indigenous traditions with Spanish influences, but it’s a more modern experience compared to Tuscany. If you’re looking for Old World charm, Tuscany comes out on top, but if you prefer a more contemporary, multicultural vibe, Panama might suit you better. However, two thousand years of culture makes Tuscany the winner.
#6 -- Ability to Work
Panama makes it relatively easy for expats to work, especially if you apply through specific visa programs that allow for employment or entrepreneurship, such as the Friendly Nations Visa. The country actively encourages foreign investment and business startups, making it a great destination if you’re looking to work or start a new venture.
In Italy, non-EU citizens face more restrictions. If you want to work in Italy, you’ll need a work visa, which can be harder to obtain unless you have a job lined up in advance.
For those seeking flexible work options, Panama has the edge here.
#5 – Taxation
When it comes to taxes, Panama is incredibly tax-friendly for foreign residents. The country operates on a territorial tax system, meaning you only pay taxes on income earned within Panama. This is great news for digital nomads or those with income from abroad, as your overseas earnings aren’t taxed.
In contrast, Tuscany follows Italy’s tax rules, which are higher and more complex. Unlike Panama, Italy taxes worldwide income, so if you’re earning from sources outside the country, expect a more significant tax burden. For those looking to maximize their financial freedom, Panama’s tax policies are a major plus.
One more for Panama.
#4 – Healthcare
Panama offers excellent healthcare at a fraction of the cost compared to the U.S., with many private hospitals in Panama City providing world-class care. There’s also a large number of English-speaking doctors.
Tuscany, however, has the advantage of being in Italy, which is known for its high-quality, universal healthcare system. Medical care in Italy is mostly free or very affordable if you have your residency, although wait times for non-emergency procedures can be longer. However, getting your medical card is another bureaucratic hurdle you need to jump over.
For healthcare, it depends on whether you prioritize fast, affordable private care (score one for Panama) or access to a universal system (score one for Tuscany).
#3 – The Cuisine Scene
Food is a huge part of life in both Panama and Tuscany, but in very different ways. Tuscany offers a world-class culinary experience, famous for its fresh pasta, olive oils, cheeses, and wines. If you love traditional, high-quality food with centuries of history behind it, Tuscany is your dream destination. While wine tasting in Tuscany earlier this month, I met a winery owner who was the 24th generation to own this winery, and that’s typical in Tuscany.
Panama, however, is a melting pot of cuisines, blending Latin American flavors with Caribbean influences, and you’ll also find plenty of international restaurants thanks to the large expat community… including a lot of Italian restaurants. From seafood to tropical fruits, Panama’s diverse food scene offers something for everyone. If you want to learn about the top types of Cuisine in Panama, CLICK HERE to watch or listen to my previous Foodie Podcast.
If variety is what you crave, Panama has a wider array of choices… but let’s face it, Tuscany’s food scene is hard to beat. In my opinion, Tuscany wins this round.
#2 – Lifestyle and Pace of Life
Panama offers a laid-back, tropical lifestyle, perfect for those who want to enjoy life at a slower pace. Whether you prefer beach towns or mountain retreats, you’ll find a relaxed way of life with a focus on nature and the outdoors.
Tuscany, while also offering a slower pace, is all about la dolce vita—the sweet life. It’s about long meals, enjoying good wine, and soaking in the beauty of the countryside. Both destinations promise a slower, more intentional way of living, but the vibe differs: tropical ease in Panama versus rustic elegance in Tuscany.
Who is the winner? Only you can decide, but I’m going to call this one a tie.
#1 – Community and Connection
Panama has a growing and vibrant expat community, especially in areas like Boquete, Coronado, Playa Bonita, and Panama City. This makes it easy to connect with fellow expats, join social groups, and feel at home quickly. You’ll also find plenty of resources to help you settle in and adjust to life in a new country.
Tuscany, while popular with expats, offers a more intimate community experience, especially in the countryside. It’s less about large expat networks and more about immersing yourself in local Italian culture. If you’re looking for a larger support system, Panama has the edge, but if you’re seeking a quieter, more integrated experience, Tuscany might be the right choice.
If you want to learn more about why community is as important as food and shelter, click here to watch this essential video.
Closing:
So, what’s the verdict? If you’re looking for ease of residency, tax benefits, and a diverse, welcoming expat community, Panama is probably your best bet. But if you’re drawn to the romance of Italian culture, incredible cuisine, and a rich history, Tuscany might be your dream destination. Whichever you choose, both Panama and Tuscany offer incredible opportunities for a new life abroad.
I still enjoy visiting Tuscany and go on a regular basis, but more me, Panama is the clear winner.
What do you think? Let me know in the comments below which you prefer: Panama or Tuscany.
Thanks for tuning in. See you next time,
Cheers!
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