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Country vs country

Bahamas vs Panama

Side by side for a genuine tax resident, with €150,000 a year in dividends or foreign income.

BahamasPanama
Personal income0%0% abroad
Company tax0%0% abroad
Minimum daysNo minimum183
Cost of residencyExpensiveMedium
Tax on €150,000 a year€0€0
Monthly cost for one person, rent included€2,550€2,050
In the EUNoNo
Spanish blacklistNoNo
Crypto gainsNo income or capital gains tax.Territorial: gains from foreign platforms or foreign assets are foreign-source and not taxed.
PensionNo personal income tax.Territorial system: pensions paid from abroad are foreign-source and not taxed.

Who wins

  • Less tax: Tie
  • Cheaper to live in: Panama
  • Fewer days required: Bahamas
  • Easier to settle in: Panama

It depends on your case: your nationality, the country you leave and how you earn your money change the answer.

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