Latin America · Central America
Panama
The region's most institutionalised residency market: a dollarised economy, a genuinely territorial tax system, and a 30-day permanent residency for USD 300,000 — priced to rise to USD 500,000 in October 2026.
Tax position
- Income tax (top)
- 25% (on Panamanian-source income over USD 50,000)
- Capital gains
- 10% on securities; 3% of price or 10% of gain on real estate
- Wealth tax
- none
- Inheritance tax
- none
- Special regime
- Territorial system: foreign-source income is not taxed. Law 526 of 28 May 2026 adds economic-substance and reporting rules for Panamanian entities in multinational groups earning foreign passive income, effective FY2027 — 15% tax if substance is not met.
- Territorial
- Yes — foreign-source income generally outside scope
- CFC rules
- No
- Exit tax
- No
- CRS
- Participating
5 routes into Panama
Open
Qualified Investor Visa
Residency by investment
from $300k1–3 mo
Reformed
Friendly Nations
Residency by investment
from $200k12–30 mo
Open
Pensionado
Retirement
Pension requirement3–6 mo
Open
Reforestation Visa
Residency by investment
from $100k4–8 mo
Reformed
Territorial Tax
Tax regime
Tax regime, not a visa1–6 mo
Is Panama actually right for your family?
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