Wise Logo
Wise (formerly TransferWise) is a trusted money transfer service used by millions of digital nomads worldwide.

Send money abroad cheaper than banks.

Affiliate disclosure

Playa Venao, Panama 🇵🇦
#2052 ,

Nomad Score: 66%

Essentials

🏙️ City Playa Venao is a small beach town located on the Azuero Peninsula in Panama, known for its surfing, eco-tourism, and vibrant expat community.
👥 Population Approximately 1,500 residents.
💻 Internet Speed Average internet speed is around 25 Mbps, with some co-working spaces offering faster connections.
💸 Currency & Banking Currency is Panamanian Balboa (PAB) and US Dollar (USD), with an exchange rate of 1 PAB = 1 USD. ATMs are available but can be limited in remote areas.
🚰 Tap Water Not drinkable; bottled water is recommended.
🔌 Power Electricity is 110V, 60Hz, with Type A/B sockets.
📶 SIM Card Major mobile service providers include Claro and Movistar, offers plans that provide data packages suitable for digital nomads.
💳 Banking for Expats Common payment methods include cash and credit cards (Visa, MasterCard); mobile banking apps are also widely used.
🛌 Accommodation Various options including beachfront hostels, bungalows, and private rentals available on platforms like Airbnb.
💳 Cashless Friendly Moderate; cards accepted in major establishments, but cash is needed in local markets and some smaller venues.
🏠 Short Term Rentals Airbnb is popular, with prices ranging from $30 to $100 per night for unique stays on or near the beach.
🛏️ Budget Accommodation Hostels and shared accommodations start around $15 per night.
🏙️ Best Area to Stay for Tourists Beachfront areas near the surf spots are popular for tourists.
🏙️ Best Area to Stay for Digital Nomads Stay near La Playa Venao Hotel or Selina, offering co-working spaces and community activities.

Working and Networking

🏢 Best Coworking Space Selina Playa Venao offers co-working spaces with fast internet and community events.
Best Cafe for Work Café Bocas serves great coffee and has a friendly environment for remote work.
💼 Networking Events Local meetups and social events occur regularly, especially hosted by Selina.
🥂 Social Events for Expats Facebook groups such as 'Expats in Panama' host regular events in Playa Venao.

Transportation

🚕 Best Taxi/Ride App Uber operates in some areas, but local taxis are more common.
🚲 Bike/Scooter Rental Bikes can be rented at local shops; prices start at $10 per day.
🏖️ Best Beach Nearby Playa Venao is the most popular beach; known for its great surf and beautiful scenery.
✈️ Top Regional Airline Air Panama operates flights connecting to smaller regional airports.
✈️ Top International Airline Copa Airlines is the main international carrier, with connections to the USA and beyond.
🛣️ Highway Access Access is via the Pan-American Highway, which connects all major cities.
🚉 Main Train/Transit Hub Not applicable; Playa Venao does not have a train station.
🚍 Public Transport Passes Buses can be hailed for local travel, with fares around $1 to nearby towns.
✈️ Regional Travel Buses operate from Las Tablas and Pedasí, popular destinations for day trips.

Health and Wellness

🏥 Best Hospital Hospital Santo Tomas in Las Tablas is the nearest full-service hospital.
🧘 Yoga & Wellness Centers Riviera Wellness offers yoga classes and wellness retreats.
🏋️ Gyms & Fitness Centers Local gyms available, but facilities are limited; many residents opt for beach workouts.
🧺 Laundry Services Local laundromats available; larger hotels offer laundry services for guests.

Food and Drink

📱 Best Food Delivery App Uber Eats is available in Playa Venao for takeout.
🍽️ Best Local Dish to Try Sancocho (chicken soup) and ceviche are popular local dishes.
🍱 Vegan/Vegetarian Options Restaurants such as 'El Sitio' offer vegetarian options.
🍫 Best Dessert Spots Las Delicias serves tasty pastries and desserts.
🛒 Affordable Shopping Spots Local markets in nearby towns offer fresh produce and local goods.
🛒 E-commerce/Online Store Amazon delivers to Panama; local options like Pacífica are also available.
🛒 Grocery Delivery Some local supermarkets provide delivery; prices may vary.
🍸 Bar/Nightlife Area Local bars by the beach popular for socializing and nightlife.
🍻 Local Brewery Panama Brewing Company offers local craft beers.
🍷 Wine Bars Wines from nearby regions are available in various bars.
🍲 Street Food Stalls Street vendors along the beach offer affordable snacks and fresh coconuts.
🍕 Popular International Cuisine Several restaurants serve Italian and seafood dishes.

Culture and Attractions

🎟️ Must-See Landmarks The natural beauty of Playa Venao and surrounding coastline are its main attractions.
🏛️ Museums & Art Venues Cultural experiences often include local art galleries in Las Tablas.
🏰 Historical Sites Nearby town of Pedasí features historic colonial architecture.
🕍 Religious Sites Local churches reflect the community's cultural heritage.
🎉 Annual Events Local surf competitions and fishing festivals take place annually.
🎨 Cultural Districts Local artisan markets showcase Panamanian crafts.
🎭 Theater Venues Cultural performances may be found at local community centers.
🛍️ Local Markets Local markets in Las Tablas are worth exploring for authentic crafts and foods.
🎼 Music Scene Live music often features in local bars, focusing on Latin and Caribbean genres.
🎨 Street Art Local artists contribute murals and street art around urban areas.
🧑‍🍳 Cooking Classes Cooking classes are offered locally to learn traditional Panamanian recipes.
👩‍🎨 Art Galleries Small galleries near Pedasí showcase local artists.
🕰️ Historic Buildings Converted colonial houses and town squares reflect Panamanian history.
🏴 Local Heritage Cultural celebrations and festivals reflect the rich heritage of the Azuero Peninsula.

Nature and Outdoor Activities

🌅 Nearby Nature Escapes La Chorrera waterfall and nearby nature reserves offer opportunities for exploration.
🏞️ National Parks Nearby Marquesas Islands National Park and others are accessible for day trips.
🚲 Cycling/Walking Paths Paths along the coastline and inland provide scenic options.
🌄 Scenic Viewpoints Various spots along the beach offer breathtaking sunset views.
🦉 Birdwatching Locations Birdwatching is popular in the nearby mangroves and wetlands.
🔥 Bonfire-Friendly Spots Certain beachfront areas allow bonfires; check local regulations.

Other Services and Amenities

📦 Parcel Delivery Service Major companies like DHL operate in Panama for shipping services.
🛠️ Tech Repair Services Local shops in Las Tablas handle basic electronic repairs.
🏓 Table Tennis Spots Social clubs occasionally have ping pong tables available.
🧑‍🏫 Language Classes Spanish language classes are offered locally for expats.
📚 Libraries & Study Spots Local community centers have reading areas; no dedicated libraries.
🏘️ Community Centers Community events are hosted in local social halls.
🕹️ Gaming Lounges Limited local gaming options; most gaming done at home.
🎰 Casino & Gaming Halls Las Tablas features a few small gaming venues.

Business

🏢 Studio Purchase Price (City Center) Approx. $2,500 per m², with small studios starting around $100,000.
🏢 Studio Purchase Price (Outside City) Average of $1,800 per m², nearby properties less than $80,000.
🏠 1-Bedroom Purchase Price (City Center) Around $2,300 per m²; 1-bedroom apartments from $130,000.
🏠 1-Bedroom Purchase Price (Outside City) Approx. $1,500 per m²; starting prices around $90,000.
🏡 2-Bedroom Purchase Price (City Center) Approx. $2,200 per m²; typical costs begin at $160,000.
🏡 2-Bedroom Purchase Price (Outside City) Around $1,700 per m²; properties from $140,000.
💼 Corporate Tax 25% corporate tax rate.
💵 Dividend Withholding Tax 10% tax applies to dividends.
🏦 Tax System Territorial tax system, taxing only income generated within Panama.
📈 Highest Income Tax Bracket Maximum personal income tax rate is 25%.
🧾 VAT Sales tax (ITBMS) is 7%.
🌐 Controlled Foreign Company (CFC) Rules No strict CFC rules in place.
🏠 Property Tax Annual tax for properties over $30,000.
🏠 Property Transaction Tax 3% on the purchase price of real estate.
💻 Attractive Tax System for Digital Nomads 0% tax on foreign-sourced income, appealing for remote workers.

Feedback Thank You!

Thank you!

Your feedback has been submitted successfully.