Country vs country

Panama vs Qatar

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

	Panama	Qatar
Personal income	0% abroad	0%
Company tax	0% abroad	10%
Minimum days	183	183
Cost of residency	Medium	Expensive
Tax on €150,000 a year	€0	€0
Monthly cost for one person, rent included	€2,050	€2,800
In the EU	No	No
Spanish blacklist	No	No
Crypto gains	Territorial: gains from foreign platforms or foreign assets are foreign-source and not taxed.	Individuals pay no tax on investment gains outside a business activity.
Pension	Territorial system: pensions paid from abroad are foreign-source and not taxed.	No tax on employment-unrelated passive income such as pensions for individuals.

Who wins

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