Your new life in Panama starts in
The definitive guide to your tax residency, investment, and lifestyle in the hub of the Americas.
Panama tax calculator
Enter your annual income by category to get an accurate estimate of your tax burden in Panama, based on the principle of territorial taxation.
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This calculation is the first step. We can help you analyze your specific case to maximize the benefits.
Contact an expertDisclaimer: This calculator is for informational purposes only and does not constitute tax or legal advice. The calculations are based on standard tax rates and do not consider specific deductions or credits. The EUR/USD exchange rate used is approximate.
Table of contents
- A strategic hub for your finances and your life
- Pillars of opportunity in Panama
- Panama in numbers: data that matters
- Your transition to Panama in 3 simple steps
- How we help with your transition
- What those who have already made the move say
- Frequently asked questions about residency in Panama
- Take the next step toward your future
Last updated: June 2024. Verified for legal and regulatory accuracy.
A strategic hub for your finances and your life
Panama is not just a bridge between two oceans; it’s the connection to a more efficient financial future and an exceptional lifestyle. With a dollarized economy, political stability, and steady growth, the country has established itself as the most important business and logistics center in Latin America. Discover why investors, entrepreneurs, and professionals from all over the world are choosing Panama as their new home in .
“Connecting the world, creating opportunities. Panama offers a safe and prosperous environment for those looking to optimize their tax structure and expand their horizons.”
Pillars of opportunity in Panama
Territorial taxation
The main attraction: Panama does not tax foreign source income. Optimize your tax burden legally and safely. Learn about the tax system.
Business hub
Establish your company in a pro-business jurisdiction, with a robust banking system and top-tier logistics. Learn how to start your company.
Quality of life
Enjoy a cosmopolitan lifestyle surrounded by nature, with international-standard health and education services. Discover life in Panama.
Panama in numbers: data that matters
Tax on foreign source income
Logistics and connectivity hub in Latin America
Countries with access to simplified residency programs
Your transition to Panama in 3 simple steps
We have designed a clear roadmap to eliminate the complexity of the process and give you the confidence you need to take the next step.
Evaluation and strategy
We analyze your profile, your financial and personal goals to identify the most efficient and beneficial residency path for you.
Personalized roadmap
You receive a detailed action plan with all the documents, requirements, and deadlines, so you know exactly what to expect at each stage.
Execution and support
We connect you with our network of trusted legal and logistics professionals in Panama to execute your plan with complete security.
How we help with your transition
At Panamaway, we simplify your move. Our goal is to be your single source of reliable information, guiding you through every step of the process. We do not offer legal services directly, but we provide you with the knowledge and the roadmap to make the best decisions.
- Detailed guides: From getting residency to validating your driver’s license, we cover all the procedures.
- Comparative analysis: Thoroughly understand the cost of living, the healthcare system, and education options.
- Updated resources: We keep our information up to date with the latest regulations from the National Migration Service and the DGI.
What those who have already made the move say
“Panama’s territorial tax system was a game-changer for my online business. The information from Panamaway was key to understanding the process before hiring a lawyer. Transparent and straight to the point.”
— Alex Schmidt, Entrepreneur from Germany“As a digital nomad, I was looking for a stable base with good connectivity and tax benefits. Panama has it all. The guide on the Friendly Nations visa on this website saved me weeks of research.”
— Chloe Dubois, Consultant from CanadaFrequently asked questions about residency in Panama
Why is Panama’s tax system so attractive?
Panama operates under a territoriality principle. This means that only income generated within the country is subject to taxes, while foreign source income is completely exempt. Panama is committed to tax transparency and has implemented major reforms to cooperate with international standards and information exchange, adapting its legal framework to work actively with other jurisdictions.
Is it complicated to get residency in Panama?
Panama offers various pathways designed to attract talent and capital. For instance, the Friendly Nations Visa now requires a $200,000 USD investment or a formal job contract, initially granting a 2-year provisional residency. The Qualified Investor Visa requires a real estate investment starting at $500,000 USD, and the Pensionado Visa requires a lifetime pension of at least $1,000 USD. With the right advice, the process is clear and structured. You can find all the details in our guide on how to get residency.
What is the cost of living in Panama?
The cost of living in Panama can be very competitive compared to many countries in North America and Western Europe. It offers an excellent balance between quality and cost, with access to modern services in major cities, high-quality housing, and a vibrant cultural and gastronomic scene. Check out our detailed cost of living analysis.
Ready to explore your future in Panama
Our team of experts has prepared the most comprehensive guides to facilitate your transition in . Get your questions answered and start planning today.
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