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Boquete, Panama 🇵🇦
#861 ,

Nomad Score: 68%

Essentials

🏙️ City Boquete is a picturesque mountain town located in the Chiriquí Province of Panama.
👥 Population Approximately 6,000 residents.
💻 Internet Speed Average internet speed is around 20-30 Mbps.
💸 Currency & Banking 1 USD is approximately 1 USD (Panama uses the US dollar). Most banks offer services in English.
🚰 Tap Water Tap water is drinkable, but some prefer filtered water.
🔌 Power Electricity is 110V, 60Hz, with Type A/B sockets.
📶 SIM Card Movistar and Claro are popular mobile providers with good coverage.
💳 Banking for Expats Banks like Banistmo and Global Bank are common; international services like Wise are also used.
🛌 Accommodation Options include local rentals, Airbnb, and hostels.
💳 Cashless Friendly Yes, cards are widely accepted in most places.
🏠 Short Term Rentals Airbnb and local hostels offer many short-term rental options.
🛏️ Budget Accommodation Hostel Casa de L 액име is a popular budget option.
🏙️ Best Area to Stay for Tourists Downtown Boquete is vibrant with restaurants and shops.
🏙️ Best Area to Stay for Digital Nomads Near the main square and coffee shops with good internet.

Working and Networking

🏢 Best Coworking Space The Haven is a well-reviewed coworking space with reliable internet and meeting rooms.
Best Cafe for Work Cafe Ruiz offers great coffee and a strong Wi-Fi connection.
💼 Networking Events Monthly meetups are held at The Boquete Community Foundation.
🥂 Social Events for Expats The Expats of Boquete Facebook group offers updates on gatherings.

Transportation

🚕 Best Taxi/Ride App Local taxis are available, but Uber operates in nearby David.
🚲 Bike/Scooter Rental Bike rentals can be found at local shops like Boquete Bike; no scooter rentals available.
🏖️ Best Beach Nearby The nearest beach, Las Lajas, is about 1.5 hours away.
✈️ Top Regional Airline Air Panama connects Boquete with David and other cities.
✈️ Top International Airline Copa Airlines is the main international carrier serving Panama City.
🛣️ Highway Access Frente a Banistmo connects to the Pan-American Highway.
🚉 Main Train/Transit Hub Local buses operate from the central market area.
🚍 Public Transport Passes Buses are affordable; no specific passes available.
✈️ Regional Travel Buses operate regularly to David and other nearby towns.

Health and Wellness

🏥 Best Hospital Hospital Chiriquí in David is the closest major hospital.
🧘 Yoga & Wellness Centers Breathe Yoga & Wellness Center offers classes for all levels.
🏋️ Gyms & Fitness Centers Boquete Gym offers basic equipment and health classes.
🧺 Laundry Services Lavandería Boquete provides wash and fold services.

Food and Drink

📱 Best Food Delivery App Local restaurants offer delivery; no specific apps dominate.
🍽️ Best Local Dish to Try Try 'Sancocho', a traditional chicken soup.
🍱 Vegan/Vegetarian Options The Bridge Bar & Grill offers diverse vegan and vegetarian meals.
🍫 Best Dessert Spots Sugar & Spice Bakery is famous for its cakes and pastries.
🛒 Affordable Shopping Spots Local markets like Feria de Boquete offer fresh produce.
🛒 E-commerce/Online Store Amazon ships to Panama, and local shops offer general online services.
🛒 Grocery Delivery Riba Smith and Super 99 offer shopping and limited delivery services.
🍸 Bar/Nightlife Area El Frances offers great nightlife with live music.
🍻 Local Brewery Cerveza La Buga produces craft beer with local ingredients.
🍷 Wine Bars The Wine Bar in downtown Boquete has a great selection of wines.
🍲 Street Food Stalls Street vendors offer fresh fruit and 'bocadillos' around the town.
🍕 Popular International Cuisine Plenty of restaurants offer Italian, American, and Chinese delicacies.

Culture and Attractions

🎟️ Must-See Landmarks The Boquete Tree Trek offers zip-lining and nature walks.
🏛️ Museums & Art Venues The Boquete Art Gallery showcases local talent.
🏰 Historical Sites The 500-year-old La Iglesia de San Juan Bautista is worth a visit.
🕍 Religious Sites Iglesia de San Juan Bautista is the main church in Boquete.
🎉 Annual Events The Boquete Flower and Coffee Festival occurs every January.
🎨 Cultural Districts Downtown Boquete features artsy shops and studios.
🎭 Theater Venues Café Retiro holds regular live music events and performances.
🛍️ Local Markets Boquete Market Day every Saturday offers fresh produce and crafts.
🎼 Music Scene Live music at local bars draws a mix of locals and expats.
🎨 Street Art Murals can be found throughout the downtown area, adding to the charm.
🧑‍🍳 Cooking Classes Culinary Institute of Boquete offers cooking classes featuring local cuisine.
👩‍🎨 Art Galleries Arte y Cafe showcases local artists and their works.
🕰️ Historic Buildings The old town features charming architecture dating back to the early 20th century.
🏴 Local Heritage The local coffee culture is a key feature of Boquete's identity.

Nature and Outdoor Activities

🌅 Nearby Nature Escapes Los Quetzales National Park offers beautiful scenery and hiking.
🏞️ National Parks Nearby Cerro Punta and Volcan Baru National Parks are within reach for nature lovers.
🚲 Cycling/Walking Paths Walking trails along the river provide stunning views.
🌄 Scenic Viewpoints The viewpoint at Los Cangilones offers panoramic views of the valley.
🦉 Birdwatching Locations Finca Lérida is known for its diverse bird species.
🔥 Bonfire-Friendly Spots Select areas along the Caldera River are suitable for bonfires.

Other Services and Amenities

📦 Parcel Delivery Service DHL and local post offices provide delivery services.
🛠️ Tech Repair Services Local shops like Boquete Electronics can assist with repairs.
🏓 Table Tennis Spots Community centers have tables available for play.
🧑‍🏫 Language Classes Local schools offer Spanish language classes for expats.
📚 Libraries & Study Spots The Boquete Library provides a quiet space for reading and studying.
🏘️ Community Centers The Boquete Community Foundation organizes various community events.
🕹️ Gaming Lounges Internet cafes offer gaming opportunities; best in David.
🎰 Casino & Gaming Halls Nearby David has local casinos available.

Business

🏢 Studio Purchase Price (City Center) Approx. $1,500 per m² (e.g., 50 m² = $75,000)
🏢 Studio Purchase Price (Outside City) Approx. $1,000 per m² (e.g., 50 m² = $50,000)
🏠 1-Bedroom Purchase Price (City Center) Approx. $1,800 per m² (e.g., 60 m² = $108,000)
🏠 1-Bedroom Purchase Price (Outside City) Approx. $1,200 per m² (e.g., 60 m² = $72,000)
🏡 2-Bedroom Purchase Price (City Center) Approx. $2,000 per m² (e.g., 80 m² = $160,000)
🏡 2-Bedroom Purchase Price (Outside City) Approx. $1,500 per m² (e.g., 80 m² = $120,000)
💼 Corporate Tax 25% on company profits.
💵 Dividend Withholding Tax 10% on dividend distributions.
🏦 Tax System Panama operates a territorial tax system for residents.
📈 Highest Income Tax Bracket 25% for income above $50,000.
🧾 VAT 7% standard Value Added Tax rate.
🌐 Controlled Foreign Company (CFC) Rules Yes, Panama has CFC rules in place.
🏠 Property Tax Annual property tax is low, around 1%.
🏠 Property Transaction Tax 3% on property sales.
💻 Attractive Tax System for Digital Nomads No tax on foreign income if not earned in Panama.

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