🇵🇦 Panama vs 🇬🇪 Georgia
Complete Tax Residency Comparison for Digital Nomads & Entrepreneurs
Quick Comparison
| Factor | 🇵🇦 Panama | 🇬🇪 Georgia |
|---|---|---|
| Tax System | Territorial | Territorial |
| Income Tax (Foreign) | 0% (foreign income) | 0% (foreign income) |
| Capital Gains Tax | 0-10% | 0% (foreign assets) |
| Corporate Tax | 25% | 15% |
| Residency Requirement | Friendly Nations Visa ($5,000) | Remotely from Georgia program |
| Minimum Stay | None required | None required |
| Cost of Living | Moderate ($1,500-2,500/mo) | Very Low ($1,000-1,800/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
🇬🇪 Georgia
Highlights
- ✅Zero tax on foreign income
- ✅Easy residency for remote workers
- ✅Low cost of living
- ✅Wine and culture
- ✅Safe country
Considerations
- ⚠️Not EU/Schengen
- ⚠️Limited banking options
- ⚠️Small market size
Best For
- 👤Digital nomads
- 👤Freelancers
- 👤Budget-conscious
Which Should You Choose?
Choose Panama if: You prioritize dollar-based economy and strong banking sector. Ideal for entrepreneurs, international traders, banking needs.
Choose Georgia if: You prioritize zero tax on foreign income and easy residency for remote workers. Ideal for digital nomads, freelancers, budget-conscious.
Not Sure Which is Right for You?
Take our free eligibility assessment to see which tax residency program fits your situation.