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हिन्दीCountry vs country
Bulgaria vs 
Panama
Side by side for a genuine tax resident, with €150,000 a year in dividends or foreign income.
| Bulgaria | Panama | |
|---|---|---|
| Personal income | 10% | 0% abroad |
| Company tax | 10% | 0% abroad |
| Minimum days | 183 | 183 |
| Cost of residency | Cheap | Medium |
| Tax on €150,000 a year | €7,500 | €0 |
| Monthly cost for one person, rent included | €1,300 | €2,050 |
| In the EU | Yes | No |
| Spanish blacklist | No | No |
| Crypto gains | Flat 10% on net annual crypto gains after a 10% deemed expense, about 9% effective. No holding period exemption. | Territorial: gains from foreign platforms or foreign assets are foreign-source and not taxed. |
| Pension | Private and occupational foreign pensions taxed at flat 10%; pensions from mandatory social security systems may be exempt under domestic law. Check treaty. | Territorial system: pensions paid from abroad are foreign-source and not taxed. |
Who wins
- Less tax: Panama
- Cheaper to live in: Bulgaria
- Fewer days required: Tie
- Easier to settle in: Bulgaria
It depends on your case: your nationality, the country you leave and how you earn your money change the answer.