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Playa Venao, Panama ๐Ÿ‡ต๐Ÿ‡ฆ
#2052 ,

Nomad Score: 62%

Essentials

๐Ÿ™๏ธ 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.
๐Ÿ‘ฅ Population Approximately 1,500 residents.
๐Ÿ’ป Internet Speed Average internet speed is around 25 Mbps, with some co-working spaces offering faster connections.
๐Ÿ’ธ 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.
๐Ÿšฐ Tap Water Not drinkable; bottled water is recommended.
๐Ÿ”Œ Power Electricity is 110V, 60Hz, with Type A/B sockets.
๐Ÿ“ถ SIM Card Major mobile service providers include Claro and Movistar, offers plans that provide data packages suitable for digital nomads.
๐Ÿ’ณ Banking for Expats Common payment methods include cash and credit cards (Visa, MasterCard); mobile banking apps are also widely used.
๐Ÿ›Œ Accommodation Various options including beachfront hostels, bungalows, and private rentals available on platforms like Airbnb.
๐Ÿ’ณ Cashless Friendly Moderate; cards accepted in major establishments, but cash is needed in local markets and some smaller venues.
๐Ÿ  Short Term Rentals Airbnb is popular, with prices ranging from $30 to $100 per night for unique stays on or near the beach.
๐Ÿ›๏ธ Budget Accommodation Hostels and shared accommodations start around $15 per night.
๐Ÿ™๏ธ Best Area to Stay for Tourists Beachfront areas near the surf spots are popular for tourists.
๐Ÿ™๏ธ 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

๐Ÿข Best Coworking Space Selina Playa Venao offers co-working spaces with fast internet and community events.
โ˜• Best Cafe for Work Cafรฉ Bocas serves great coffee and has a friendly environment for remote work.
๐Ÿ’ผ Networking Events Local meetups and social events occur regularly, especially hosted by Selina.
๐Ÿฅ‚ Social Events for Expats Facebook groups such as 'Expats in Panama' host regular events in Playa Venao.

Transportation

๐Ÿš• Best Taxi/Ride App Uber operates in some areas, but local taxis are more common.
๐Ÿšฒ Bike/Scooter Rental Bikes can be rented at local shops; prices start at $10 per day.
๐Ÿ–๏ธ Best Beach Nearby Playa Venao is the most popular beach; known for its great surf and beautiful scenery.
โœˆ๏ธ Top Regional Airline Air Panama operates flights connecting to smaller regional airports.
โœˆ๏ธ Top International Airline Copa Airlines is the main international carrier, with connections to the USA and beyond.
๐Ÿ›ฃ๏ธ Highway Access Access is via the Pan-American Highway, which connects all major cities.
๐Ÿš‰ Main Train/Transit Hub Not applicable; Playa Venao does not have a train station.
๐Ÿš Public Transport Passes Buses can be hailed for local travel, with fares around $1 to nearby towns.
โœˆ๏ธ Regional Travel Buses operate from Las Tablas and Pedasรญ, popular destinations for day trips.

Health and Wellness

๐Ÿฅ Best Hospital Hospital Santo Tomas in Las Tablas is the nearest full-service hospital.
๐Ÿง˜ Yoga & Wellness Centers Riviera Wellness offers yoga classes and wellness retreats.
๐Ÿ‹๏ธ Gyms & Fitness Centers Local gyms available, but facilities are limited; many residents opt for beach workouts.
๐Ÿงบ Laundry Services Local laundromats available; larger hotels offer laundry services for guests.

Food and Drink

๐Ÿ“ฑ Best Food Delivery App Uber Eats is available in Playa Venao for takeout.
๐Ÿฝ๏ธ Best Local Dish to Try Sancocho (chicken soup) and ceviche are popular local dishes.
๐Ÿฑ Vegan/Vegetarian Options Restaurants such as 'El Sitio' offer vegetarian options.
๐Ÿซ Best Dessert Spots Las Delicias serves tasty pastries and desserts.
๐Ÿ›’ Affordable Shopping Spots Local markets in nearby towns offer fresh produce and local goods.
๐Ÿ›’ E-commerce/Online Store Amazon delivers to Panama; local options like Pacรญfica are also available.
๐Ÿ›’ Grocery Delivery Some local supermarkets provide delivery; prices may vary.
๐Ÿธ Bar/Nightlife Area Local bars by the beach popular for socializing and nightlife.
๐Ÿป Local Brewery Panama Brewing Company offers local craft beers.
๐Ÿท Wine Bars Wines from nearby regions are available in various bars.
๐Ÿฒ Street Food Stalls Street vendors along the beach offer affordable snacks and fresh coconuts.
๐Ÿ• Popular International Cuisine Several restaurants serve Italian and seafood dishes.

Culture and Attractions

๐ŸŽŸ๏ธ Must-See Landmarks The natural beauty of Playa Venao and surrounding coastline are its main attractions.
๐Ÿ›๏ธ Museums & Art Venues Cultural experiences often include local art galleries in Las Tablas.
๐Ÿฐ Historical Sites Nearby town of Pedasรญ features historic colonial architecture.
๐Ÿ• Religious Sites Local churches reflect the community's cultural heritage.
๐ŸŽ‰ Annual Events Local surf competitions and fishing festivals take place annually.
๐ŸŽจ Cultural Districts Local artisan markets showcase Panamanian crafts.
๐ŸŽญ Theater Venues Cultural performances may be found at local community centers.
๐Ÿ›๏ธ Local Markets Local markets in Las Tablas are worth exploring for authentic crafts and foods.
๐ŸŽผ Music Scene Live music often features in local bars, focusing on Latin and Caribbean genres.
๐ŸŽจ Street Art Local artists contribute murals and street art around urban areas.
๐Ÿง‘โ€๐Ÿณ Cooking Classes Cooking classes are offered locally to learn traditional Panamanian recipes.
๐Ÿ‘ฉโ€๐ŸŽจ Art Galleries Small galleries near Pedasรญ showcase local artists.
๐Ÿ•ฐ๏ธ Historic Buildings Converted colonial houses and town squares reflect Panamanian history.
๐Ÿด Local Heritage Cultural celebrations and festivals reflect the rich heritage of the Azuero Peninsula.

Nature and Outdoor Activities

๐ŸŒ… Nearby Nature Escapes La Chorrera waterfall and nearby nature reserves offer opportunities for exploration.
๐Ÿž๏ธ National Parks Nearby Marquesas Islands National Park and others are accessible for day trips.
๐Ÿšฒ Cycling/Walking Paths Paths along the coastline and inland provide scenic options.
๐ŸŒ„ Scenic Viewpoints Various spots along the beach offer breathtaking sunset views.
๐Ÿฆ‰ Birdwatching Locations Birdwatching is popular in the nearby mangroves and wetlands.
๐Ÿ”ฅ Bonfire-Friendly Spots Certain beachfront areas allow bonfires; check local regulations.

Other Services and Amenities

๐Ÿ“ฆ Parcel Delivery Service Major companies like DHL operate in Panama for shipping services.
๐Ÿ› ๏ธ Tech Repair Services Local shops in Las Tablas handle basic electronic repairs.
๐Ÿ“ Table Tennis Spots Social clubs occasionally have ping pong tables available.
๐Ÿง‘โ€๐Ÿซ Language Classes Spanish language classes are offered locally for expats.
๐Ÿ“š Libraries & Study Spots Local community centers have reading areas; no dedicated libraries.
๐Ÿ˜๏ธ Community Centers Community events are hosted in local social halls.
๐Ÿ•น๏ธ Gaming Lounges Limited local gaming options; most gaming done at home.
๐ŸŽฐ Casino & Gaming Halls Las Tablas features a few small gaming venues.

Business

๐Ÿข Studio Purchase Price (City Center) Approx. $2,500 per mยฒ, with small studios starting around $100,000.
๐Ÿข Studio Purchase Price (Outside City) Average of $1,800 per mยฒ, nearby properties less than $80,000.
๐Ÿ  1-Bedroom Purchase Price (City Center) Around $2,300 per mยฒ; 1-bedroom apartments from $130,000.
๐Ÿ  1-Bedroom Purchase Price (Outside City) Approx. $1,500 per mยฒ; starting prices around $90,000.
๐Ÿก 2-Bedroom Purchase Price (City Center) Approx. $2,200 per mยฒ; typical costs begin at $160,000.
๐Ÿก 2-Bedroom Purchase Price (Outside City) Around $1,700 per mยฒ; properties from $140,000.
๐Ÿ’ผ Corporate Tax 25% corporate tax rate.
๐Ÿ’ต Dividend Withholding Tax 10% tax applies to dividends.
๐Ÿฆ Tax System Territorial tax system, taxing only income generated within Panama.
๐Ÿ“ˆ Highest Income Tax Bracket Maximum personal income tax rate is 25%.
๐Ÿงพ VAT Sales tax (ITBMS) is 7%.
๐ŸŒ Controlled Foreign Company (CFC) Rules No strict CFC rules in place.
๐Ÿ  Property Tax Annual tax for properties over $30,000.
๐Ÿ  Property Transaction Tax 3% on the purchase price of real estate.
๐Ÿ’ป Attractive Tax System for Digital Nomads 0% tax on foreign-sourced income, appealing for remote workers.

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