🇵🇦 Coronado,
Panama
#2276
Nomad Score
6.3
Coords
8.5338496, -79.8952709
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ESSENTIALS
| Topic | Details |
|---|---|
| 🏙️ City | Coronado, West Panama, Panama |
| 👥 Population | Approx. 4,000 (increases significantly with weekend visitors) |
| 💻 Internet Speed | Fiber optic available, typical speeds 100-300 Mbps via Tigo or Cable & Wireless |
| 💸 Currency & Banking | 1 USD = 1 PAB (Balboa). Note: Only USD bills are used; PAB only exists in coins. |
| 🚰 Tap Water | Drinkable in most areas, but many expats prefer filtered or bottled water for taste. |
| 🔌 Power | 120V, 60Hz, 🔌 Type A/B sockets (Same as USA/Canada) |
| 📶 SIM Card | Tigo or +Móvil; Prepaid plans approx. $15/month for unlimited data. Purchase at Super 99. |
| 💳 Banking for Expats | Banco General and BAC Credomatic are the standard; Revolut/Wise work at most ATMs. |
| 🛌 Accommodation | High-end beachfront condos and gated community villas; expect $1,200 - $2,500/month. |
| 💳 Cashless Friendly | Yes, cards accepted at supermarkets and major restaurants; cash needed for local 'fondas'. |
| 🏠 Short Term Rentals | Airbnb, VRBO, or Coronado Concierge for managed vacation rentals. |
| 🛏️ Budget Accommodation | Hostel Mamallena (approx. $18/night for dorms, $45 for private rooms). |
| 🏙️ Best Area to Stay for Tourists | Coronado Luxury Club & Suites area for proximity to the beach and golf course. |
| 🏙️ Best Area to Stay for Digital Nomads | Coronado Golf or Solarium for modern amenities, high-speed fiber, and coworking potential. |
WORKING AND NETWORKING
| Topic | Details |
|---|---|
| 🏢 Best Coworking Space | Coronado Coworking (inside the Coronado Luxury Club & Suites), approx. $15/day. |
| ☕ Best Cafe for Work | Pan y Canela - Quiet mornings, good AC, and reliable WiFi near the main entrance. |
| 💼 Networking Events | The 'Coronado Community' Facebook group hosts frequent meetups at Picasso Bar & Restaurant. |
| 🥂 Social Events for Expats | Trivia Nights and Live Music at Picasso Bar & Restaurant (Wednesdays/Fridays). |
TRANSPORTATION
| Topic | Details |
|---|---|
| 🚕 Best Taxi/Ride App | Uber is limited; local yellow taxis or the 'Coronado Cab' WhatsApp service are preferred. |
| 🚲 Bike/Scooter Rental | Available via Coronado Luxury Club or private rentals via local expat forums. |
| 🏖️ Best Beach Nearby | Playa Serena - famous for its volcanic black and white sand blend. |
| ✈️ Top Regional Airline | Air Panama (flying from Albrook 'PAC' Airport in Panama City). |
| ✈️ Top International Airline | Copa Airlines (Operating out of Tocumen 'PTY' Airport). |
| 🛣️ Highway Access | Direct access to the Pan-American Highway (Interamericana). |
| 🚉 Main Train/Transit Hub | No train; Albrook Bus Terminal in Panama City is the main hub for regional buses ($4 USD). |
| 🚍 Public Transport Passes | Local 'Chiva' buses; pay cash ($0.25 - $1.00) directly to the driver. |
| ✈️ Regional Travel | Bus to El Valle de Anton ($4) or Panama City (1.5 - 2 hours). |
HEALTH AND WELLNESS
| Topic | Details |
|---|---|
| 🏥 Best Hospital | Clínica Hospital San Fernando (Coronado branch) - 24/7 ER and specialist consultations. |
| 🧘 Yoga & Wellness Centers | The Yoga Room Coronado - offering group classes for approx. $15/session. |
| 🏋️ Gyms & Fitness Centers | Coronado Fitness Center (inside the Village Mall), approx. $50/month. |
| 🧺 Laundry Services | Lavanderia Coronado in the Village Mall (wash/dry/fold services). |
FOOD AND DRINK
| Topic | Details |
|---|---|
| 📱 Best Food Delivery App | PedidosYa (most reliable service in the Coronado area). |
| 🍽️ Best Local Dish to Try | Sancocho (Panamanian chicken soup) at Fonda El Ciruelo. |
| 🍱 Vegan/Vegetarian Options | Luna Rossa - while Italian, they offer excellent vegetable options and custom salads. |
| 🍫 Best Dessert Spots | Dotel Patisserie (French-style pastries and sweets in the Rincon del Sol plaza). |
| 🛒 Affordable Shopping Spots | Super 99, Rey, and El Machetazo - all located at the Coronado entrance. |
| 🛒 E-commerce/Online Store | Amazon (via freight forwarders like Mail Boxes Etc. or Airbox Express). |
| 🛒 Grocery Delivery | App 'PedidosYa' or 'Supermercados Rey' online ordering. |
| 🍸 Bar/Nightlife Area | Picasso Bar & Restaurant and Sandbar Gastro Pub. |
| 🍻 Local Brewery | La Rana Dorada (Standard Panamanian craft beer available at local retail stores). |
| 🍷 Wine Bars | Felipe Motta Wine Store & Deli - offers an extensive selection and tasting events. |
| 🍲 Street Food Stalls | Local kiosks near the Rey Supermarket entrance for empanadas and hojaldras. |
| 🍕 Popular International Cuisine | Don Chacho’s Grill (Panamanian Rotisserie) and Terraza Coronado (Italian). |
CULTURE AND ATTRACTIONS
| Topic | Details |
|---|---|
| 🎟️ Must-See Landmarks | The Coronado Tufa formations at the beach cliffs. |
| 🏛️ Museums & Art Venues | None in Coronado; visit MAC (Museum of Contemporary Art) in Panama City (80km away). |
| 🏰 Historical Sites | Coronado was the first resort community in Panama, established in the 1940s. |
| 🕍 Religious Sites | Capilla de San José (beautiful community chapel). |
| 🎉 Annual Events | Coronado Music Festival and local artisanal fairs in Rincon del Sol. |
| 🎨 Cultural Districts | El Valle de Anton (nearby mountain town with indigenous markets). |
| 🎭 Theater Venues | Performances are mostly at the National Theater in Panama City. |
| 🛍️ Local Markets | Coronado Community Market (held monthly) for local crafts and organic produce. |
| 🎼 Music Scene | Live jazz and rock at Sandbar on weekends. |
| 🎨 Street Art | Murals located near the beach access points at Playa Serena. |
| 🧑🍳 Cooking Classes | Occasional seafood workshops at Picasso's. |
| 👩🎨 Art Galleries | Local artisan pop-ups in the Coronado Luxury Club lobby. |
| 🕰️ Historic Buildings | The older colonial-style estates near the beach front (private residences). |
| 🏴 Local Heritage | Strong equestrian culture with world-class stables and polo grounds. |
NATURE AND OUTDOOR ACTIVITIES
| Topic | Details |
|---|---|
| 🌅 Nearby Nature Escapes | El Valle de Antón - 45 mins away, located in a dormant volcano crater. |
| 🏞️ National Parks Nearby | Altos de Campana National Park (30 mins drive for hiking and vistas). |
| 🚲 Cycling/Walking Paths | Wide coastal roads within the Coronado gated community are popular for cycling. |
| 🌄 Scenic Viewpoints | The cliffs at Playa Coronado overlooking the Pacific Ocean. |
| 🦉 Birdwatching Locations | Coronado Dry Forest trails and the nearby mangroves. |
| 🔥 Bonfire-Friendly Spots | Playa Serena (check local tides and ordinances regarding beach fires). |
OTHER SERVICES AND AMENITIES
| Topic | Details |
|---|---|
| 📦 Parcel Delivery Service | Mail Boxes Etc. Coronado (prices vary by weight, approx. $5/lb for US shipping). |
| 🛠️ Tech Repair Services | Soporte Técnico Coronado in the Village Mall. |
| 🏓 Table Tennis Spots | Coronado Luxury Club & Suites recreation room. |
| 🧑🏫 Language Classes | Spanish by the Sea - immersive classes geared towards expats. |
| 📚 Libraries & Study Spots | The library at Coronado International School (restricted access; check for public hours). |
| 🏘️ Community Centers | The Coronado Equestrian Center serves as a social meeting point. |
| 🕹️ Gaming Lounges | None; most gaming is done in private residences or at sports bars like Sandbar. |
| 🎰 Casino & Gaming Halls | Coronado Luxury Club & Suites features a small casino. |
BUSINESS
| Topic | Details |
|---|---|
| 🏢 Studio Purchase Price (City Center) | Approx. $2,200 per m² (e.g., 45 m² = $99,000) |
| 🏢 Studio Purchase Price (Outside City) | Approx. $1,800 per m² (e.g., 45 m² = $81,000) |
| 🏠 1-Bedroom Purchase Price (City Center) | Approx. $2,100 per m² (e.g., 70 m² = $147,000) |
| 🏠 1-Bedroom Purchase Price (Outside City) | Approx. $1,750 per m² (e.g., 70 m² = $122,500) |
| 🏡 2-Bedroom Purchase Price (City Center) | Approx. $2,000 per m² (e.g., 100 m² = $200,000) |
| 🏡 2-Bedroom Purchase Price (Outside City) | Approx. $1,600 per m² (e.g., 100 m² = $160,000) |
| 💼 Corporate Tax | 25% (On Panama-sourced income only). |
| 💵 Dividend Withholding Tax | 10% for local profits, 5% for foreign profits. |
| 🏦 Tax System | Territorial Tax System (Foreign income is 0% taxed). |
| 📈 Highest Income Tax Bracket | 25% (on income over $50,000). |
| 🧾 VAT | 7% (ITBMS), excludes food and medicine. |
| 🌐 Controlled Foreign Company (CFC) Rules | No, Panama does not have CFC rules. |
| 🏠 Property Tax | Yes, but many new developments have 5-15 year exemptions; otherwise 0.5% - 0.7%. |
| 🏠 Property Transaction Tax | 2% Transfer Tax + 3% Capital Gains tax, usually paid by the seller. |
| 💻 Attractive Tax System for Digital Nomads | Yes, 0% Tax on remote income earned from foreign sources. |
🧭 CONTINUE EXPLORING CORONADO