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Panama — services for living and doing business

An official digital nomad visa and 0% tax on foreign income

Population:
~4.6m
Capital:
Panama City
Currency:
Balboa / US dollar (PAB/USD)
Time zone:
UTC−5 (no daylight saving)
Languages:
Spanish; English widely used in business and Panama City
Panama on the map

Services in Panama

1 service from vetted local experts. Pick a category — every option is inside.

Business in Panama

Company and sole-trader registration, liquidation, accounting and tax.

Coming soon
1

Immigration in Panama

Residence permit

price on request
1

Finance in Panama

Crypto exchange

price on request

Legal services in Panama

Lawyers, contracts, licences and deal support.

Coming soon
3

Life and travel in Panama

Flights · Short-term stays · VPN abroad

price on request
1

Healthcare in Panama

Health insurance

price on request
4

Property in Panama

Buying · Selling · Long-term rental and 1 more

price on request

Education in Panama

School and university admission, student visas and diploma recognition.

Coming soon

Prices are indicative — the expert quotes the final figure.

About the country

Panama is a dollarised Central American economy with the Panama Canal and a large banking sector. Since May 2021 it has run a digital nomad visa (Trabajador Remoto) for remote employees and freelancers with foreign income from $36,000/year. Territorial taxation exempts any income earned abroad from Panamanian tax.

Worth knowing

  • !The visa is capped at 18 months (9+9, no further extensions) and leads to no permanent residence
  • !Panama remains on the EU tax blacklist (confirmed by the list update of 17.02.2026), although it left the FATF grey list in October 2023
  • !The application can only be filed in person after entering the country, through a Panamanian lawyer under a notarised power of attorney

Compare with other countries

USscore 7.3/10 · services from ≈ $240Mexicoscore 5.8/10Argentinascore 6.1/10 · services from $1,000
All countries in the catalogue →

Panama: scores by area

6.9/ 10 — average scorecompare with all →

An expert estimate to get you oriented — we'll go through the details on the consultation.

Taxes (how favourable)9/10
Cost of living6/10
Safety6/10
Passport strength7/10
Infrastructure7/10
Business prospects6/10
Investment appeal6/10
Healthcare7/10
Environment8/10

Common questions

How can I move to Panama?
The catalogue covers these routes: residence permit. The reference section describes 8 relocation programmes in total, with official conditions and links to government sources. Which route fits depends on whether you have a job, a business, property or relatives in the country - we'll go through it on a free consultation and pick the one that works.
What services can I arrange in Panama?
1 option across 5 areas: residence permit, crypto exchange, flights, short-term stays, VPN abroad, health insurance, buying, selling and 2 more. Every option comes with a price, a timeline and the scope of work; the provider is a licensed local expert.
Can services in Panama be arranged remotely, without flying in?
No: this service requires you to be there in person - usually for biometrics, a signature at the bank or filing at a consulate. What exactly has to be done in person is covered on a free consultation before any work starts.
What does a consultation cost, and is there a markup on top?
The consultation is free and commits you to nothing. You sign the contract directly with the expert and pay their official price list - Pactors adds no markup and takes no commission from you.

Not sure Panama is your answer?

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