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Americas · Rank 6 of 25 in the overall ranking

Taxes in Panama

Panama City

TerritorialFriendly Nations
Personal income0% abroad
Company tax0% abroad
Minimum days183
Cost of residencyMedium

How to get residency

Friendly Nations visa (Spain, UK, US and many others included) or qualified investor visa with immediate permanent residency.

Days you must stay

No minimum to keep residency; for the tax certificate, 183 days or a permanent home.

Small print

Income earned abroad is not taxed, for people or companies. Opening a bank account as a foreigner is slow.

Personal income tax9/10
Company tax8/10
Cost of residency6/10
Ease7/10
Life and connections7/10

If you move here

To stop paying tax at home you must live in Panama most of the year, have your centre of life there and, if you own a company, run it from there. A tax residency certificate from Panama is your best proof.

Also check whether an exit tax applies to you and read the tax treaty, if there is one.

Am I still tax resident at home? · Calculate the exit tax · Compare Panama with other countries

Sources · reviewed on 2026-11-01

More countries in Americas

ParaguayCosta RicaBahamasCayman Islands

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