🇵🇦 Panama vs 🇰🇭 Cambodia
Complete Tax Residency Comparison for Digital Nomads & Entrepreneurs
Quick Comparison
| Factor | 🇵🇦 Panama | 🇰🇭 Cambodia |
|---|---|---|
| Tax System | Territorial | Territorial |
| Income Tax (Foreign) | 0% (foreign income) | 0% (foreign income) |
| Capital Gains Tax | 0-10% | 0% (foreign) |
| Corporate Tax | 25% | 20% |
| Residency Requirement | Friendly Nations Visa ($5,000) | Business visa renewable |
| Minimum Stay | None required | None required |
| Cost of Living | Moderate ($1,500-2,500/mo) | Very Low ($800-1,500/mo) |
🇵🇦 Panama
Highlights
- ✅Dollar-based economy
- ✅Strong banking sector
- ✅No forex controls
- ✅Good infrastructure
- ✅English widely spoken
Considerations
- ⚠️Higher cost of living than Paraguay
- ⚠️More bureaucracy
- ⚠️CRS reporting to some countries
Best For
- 👤Entrepreneurs
- 👤International traders
- 👤Banking needs
🇰🇭 Cambodia
Highlights
- ✅Zero tax on foreign income
- ✅Dollar economy
- ✅Very easy visa
- ✅Low cost of living
- ✅Growing expat scene
Considerations
- ⚠️Developing infrastructure
- ⚠️Healthcare limited
- ⚠️Corruption issues
Best For
- 👤Budget nomads
- 👤Adventurous types
- 👤Dollar earners
Which Should You Choose?
Choose Panama if: You prioritize dollar-based economy and strong banking sector. Ideal for entrepreneurs, international traders, banking needs.
Choose Cambodia if: You prioritize zero tax on foreign income and dollar economy. Ideal for budget nomads, adventurous types, dollar earners.
Not Sure Which is Right for You?
Take our free eligibility assessment to see which tax residency program fits your situation.