Panama
PANPanama's territorial tax system exempts all foreign-source income from taxation, and its Friendly Nations Visa provides an accessible residency pathway for citizens of over 50 countries. The US dollar is legal tender, providing monetary stability, and Panama City offers a modern, cosmopolitan lifestyle at relatively low cost.
Passport Rank
#38
Visa-Free
148
destinations
Country Details
- Capital
- Panama City
- Currency
- Balboa / US Dollar (USD)
- Languages
- Spanish
- Population
- 4,351,000
- Tax System
- Territorial
- Dual Citizenship
- Allowed
- Naturalisation
- 5 years
- Schengen / EU
- No
- Climate
- Tropical
- English Proficiency Rank
- #63
- Territorial Taxation
- Yes — foreign-sourced income may not be taxed
Indices
Cost of Living
40
Safety
46
Healthcare
65
Quality of Life
148