116: How To Move To Panama Or Use It As Your Plan-B Residency – Mikkel Thorup

Today's guest on the Expat Money Show is, well Mikkel Thorup. Who better to talk about the Expat life and How to Move to Panama, than someone who has lived and worked in 9 countries over the last 21 years, and who moved his family 2 years ago to Panama? In today's episode, Mikkel will talk about all of the things you might be thinking of when trying to decide if Panama is the right choice for you. .

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

 

SIGN UP FOR OUR NEWSLETTER

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.

Story Learning Courses

Governments Hate This Trip

Paraguay doesn’t make headlines—and that’s exactly what makes it powerful. No wealth tax. No global tax. No chaos. This year, I’m leading a private group into the heart of Latin America’s best-kept secret. You’ll get boots-on-the-ground access to lawyers, investments, and a second residency most people don’t even know exists. Governments hate this strategy—and that’s exactly why it works. If you’re serious about a real escape plan, go to ExpatMoney.com/Paraguay.

This Is Your Invitation to The Hub

This isn’t for tourists. This is for serious freedom-seekers. The Hub—our private membership for expats and investors—is now open. Inside, you’ll get $2,000 off every trip, direct access to my offshore Rolodex, and exclusive calls with the sharpest minds in the game. No fluff. No gatekeeping. Just real strategies for real sovereignty. We only open this a few times a year—and spots fill fast. Go to ExpatMoney.com/go.

Join The Hub - Our Paid Members Only Community

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.

Story Learning Courses

The Hub—Your Offshore Command Center

If you're serious about protecting your wealth and securing your freedom, you need more than just information—you need a plan, a network, and the right tools. That's where The Hub comes in. As a member, you'll gain access to exclusive resources, expert consultations, and a community of like-minded individuals all working towards the same goal: sovereignty. Don't navigate the complexities of offshore living alone. Join The Hub today. Visit ExpatMoney.com/membership.

Expat Money Paid Membership