Country vs country
United Arab Emirates vs
Panama
Side by side for a genuine tax resident, with €150,000 a year in dividends or foreign income.
| United Arab Emirates | Panama | |
|---|---|---|
| Personal income | 0% | 0% abroad |
| Company tax | 0–9% | 0% abroad |
| Minimum days | 90 | 183 |
| Cost of residency | Expensive | Medium |
| Tax on €150,000 a year | €0 | €0 |
| Monthly cost for one person, rent included | €2,800 | €2,050 |
| In the EU | No | No |
| Spanish blacklist | No | No |
| Crypto gains | No personal income tax or capital gains tax for individuals. | Territorial: gains from foreign platforms or foreign assets are foreign-source and not taxed. |
| Pension | No personal income tax, so foreign pensions are untaxed. | 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: United Arab Emirates
- Easier to settle in: United Arab Emirates
It depends on your case: your nationality, the country you leave and how you earn your money change the answer.