Language:

The official language is Spanish. Because of the extensive U.S. influence, most Panamanians are bilingual in Spanish and English.

Cost of Living:

The majority of items are less expensive in Panama than in the U.S.  Panama has a low inflation rate and one of the most stable Latin American economies. For more information visit:

http://www.expatfocus.com/expatriate-panama-currency-cost-of-living

Visas and Work Permits:

A valid visa or tourist card is required to enter Panama. Foreigners who wish to work in Panama must obtain a work permit, which must be renewed each year. For more information visit: http://www.arifa.com/Web/News.nsf/4d4b16da576b61760525672a0
0544f31/c0517d995deac8400525672b005ec9da?OpenDocument.

Job Searching in a Foreign Country:  

Some internet links include: mastrabajo.com and http://www.bizzz.com/photoads6/viewads.html. Teaching English is a viable option for foreigners working in Panama. The website http://www.transitionsabroad.com/publications/magazine/0401/
teaching_english_in_panama.shtml has insightful information and more links.  Another helpful link could be: http://www.expatfocus.com/expatriate-panama-employment.

Cultural Differences in Workplace  

Women should avoid wearing any kind of revealing clothing. Panamanian women are taking more and more managerial jobs, but still it is relatively rare. Women should emphasize the fact that they are representing their company. Foreign businesswomen should always include spouses in invitations to business dinners.

Money and Banking:

Panama has the U.S. dollar as its currency- a great convenience. It makes daily life hassle free for visitors and foreign residents. You will need two letters of reference to open a bank account. For more information visit: http://www.expatfocus.com/expatriate-panama-banking

Security / Safety:  

Refer to: http://www.travel.state.gov/travel/cis_pa_tw/cis/cis_994.html and scroll down to safety and security.