🇵🇦 Panama vs 🇮🇪 Ireland
Complete Tax Residency Comparison for Digital Nomads & Entrepreneurs
Quick Comparison
| Factor | 🇵🇦 Panama | 🇮🇪 Ireland |
|---|---|---|
| Tax System | Territorial | Non-Dom Regime |
| Income Tax (Foreign) | 0% (foreign income) | 20-40% |
| Capital Gains Tax | 0-10% | 33% (Irish source) |
| Corporate Tax | 25% | 12.5% |
| Residency Requirement | Friendly Nations Visa ($5,000) | EU/EEA free movement |
| Minimum Stay | None required | 183 days |
| Cost of Living | Moderate ($1,500-2,500/mo) | High ($3,000-4,500/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
🇮🇪 Ireland
Highlights
- ✅Non-dom regime available
- ✅English speaking
- ✅Tech hub
- ✅EU access
- ✅Common law system
Considerations
- ⚠️High cost of living
- ⚠️Rainy climate
- ⚠️Housing crisis
Best For
- 👤Tech professionals
- 👤Non-dom planning
- 👤US companies
Which Should You Choose?
Choose Panama if: You prioritize dollar-based economy and strong banking sector. Ideal for entrepreneurs, international traders, banking needs.
Choose Ireland if: You prioritize non-dom regime available and english speaking. Ideal for tech professionals, non-dom planning, us companies.
Not Sure Which is Right for You?
Take our free eligibility assessment to see which tax residency program fits your situation.