Best places to work remotely – but forgot the best one

Here’s what NomadList found the best ones:

Chian Mai, Thailand – Prague, Czech Rep. – Bangkok, Thailand – Hoi An, Vietnam – Belgrade, Serbia – Riga, Latvia – Davao, Philippines – Zagreb, Croatia – Sofia, Bulgaria – Ubud, Indonesia.

Interesting. Half of them are in Asia, half of them are in Eastern Europe. I happen to know some of them and this list makes me laugh.

Of course, personal preferences are different and here’s why I would have Panama City, Panama ranked first.

pty_skyline_amador_anuvito_3

My criteria are very simple ones and there are 0, 1 and 2 points given

1. Quality of living

  • weather: 2
  • people: 2
  • nature: 2
  • safety: 2

2. Business environment

  • solid growth: 2
  • infrastructure: 2
  • bureaucrazy: 2
  • taxes: 2
  • immigration: 2

Details:

  • Weather: You can’t beat a country that close to the Equator, surrounded by 2 oceans. Don’t even try.
  • People: Super-friendly, good looking, competently running the Panama Canal, world’s largest ship register, a banking system without bad banks etc.
  • Nature: a rainforest within city limits, and 50% of the country is rainforest, more than 2,500 km coastline, Pacific and Caribbean, hundreds of islands, a silent volcano, 3,500 m high.
  • Safety: Only risk is in the drug trafficking business for those involved. Stay away,
  • Infrastructure: Impressive how fast things are being done here. Look at skyline and airports and metro and ports and the Pan-American Highway
  • Bureaucrazy: For self-imployed pros or those who do their business offshore, not a big deal. For the others, settle in one of 3 Special Economic Zones.
  • Taxes: See bureaucrazy. No income taxes for offshore business
  • Immigration: with 4% unemployment, the country welcomes foreign professionals and investments. Some easy ways to immigrate.

So Panama City is getting my 18 out of 18 points, but check with your own preferences.

TexMex and CalPan

TechCrunch yesterday had an interesting article about how “Mexico’s Ressources Fuel The Texas Startup Economy”. Quite impressive.

There is a solid trend to consider Texas’ (and others’) neighbour country before China or India. Mexico appears to become the better place for manufacturing jobs. Labour may still be higher but transport costs and flexibility are superior, compared with Asia. Mexico and Central America will most likely become the new workbench for U.S. companies.

How does Panama fit into the picture?

 

PTY Downtown

 

Well, Panama has no surplus in workforce, nor does it have any track record in manufacturing. Panama is much more of a service than a manufacturing economy. Think of the vessel registrations, the solid financial sector, the offshore business industry. And how multinationals are moving their global or LatAm headquarters and callcenters to this country.

What Mexico is and will become for outsourced manufacturing, this should Panama be for California’s IT and VC firms. Fueling growth and profitability.

Preferrable business, tax and immigration rules, constantly growing economy, US currency, first world infrastructure, very affordable living costs, excellent investment opportunities,  and a tropical lifestyle.

 

Island

 

Think about it.