🇵🇦 Panama vs 🇰🇼 Kuwait
Complete Tax Residency Comparison for Digital Nomads & Entrepreneurs
Quick Comparison
| Factor | 🇵🇦 Panama | 🇰🇼 Kuwait |
|---|---|---|
| Tax System | Territorial | Zero Tax |
| Income Tax (Foreign) | 0% (foreign income) | 0% |
| Capital Gains Tax | 0-10% | 0% |
| Corporate Tax | 25% | 15% (foreign corps) |
| Residency Requirement | Friendly Nations Visa ($5,000) | Employment sponsorship |
| Minimum Stay | None required | Continuous residence |
| Cost of Living | Moderate ($1,500-2,500/mo) | High ($2,500-4,000/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
🇰🇼 Kuwait
Highlights
- ✅Zero personal tax
- ✅High salaries
- ✅Tax-free savings
- ✅Good healthcare
- ✅Strategic location
Considerations
- ⚠️Difficult self-sponsorship
- ⚠️Conservative society
- ⚠️Hot climate
Best For
- 👤Employment-based expats
- 👤Oil & gas professionals
Which Should You Choose?
Choose Panama if: You prioritize dollar-based economy and strong banking sector. Ideal for entrepreneurs, international traders, banking needs.
Choose Kuwait if: You prioritize zero personal tax and high salaries. Ideal for employment-based expats, oil & gas professionals.
Not Sure Which is Right for You?
Take our free eligibility assessment to see which tax residency program fits your situation.