🇵🇦 Panama vs 🇴🇲 Oman
Complete Tax Residency Comparison for Digital Nomads & Entrepreneurs
Quick Comparison
| Factor | 🇵🇦 Panama | 🇴🇲 Oman |
|---|---|---|
| Tax System | Territorial | Zero Tax |
| Income Tax (Foreign) | 0% (foreign income) | 0% |
| Capital Gains Tax | 0-10% | 0% |
| Corporate Tax | 25% | 15% |
| Residency Requirement | Friendly Nations Visa ($5,000) | Investment or employment |
| Minimum Stay | None required | None required |
| Cost of Living | Moderate ($1,500-2,500/mo) | Moderate ($2,000-3,500/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
🇴🇲 Oman
Highlights
- ✅Zero personal income tax
- ✅Beautiful landscapes
- ✅Peaceful country
- ✅Lower cost than UAE
- ✅Rich culture
Considerations
- ⚠️Less developed than UAE
- ⚠️Fewer business opportunities
- ⚠️Hot climate
Best For
- 👤Nature lovers
- 👤Peaceful lifestyle
- 👤Regional access
Which Should You Choose?
Choose Panama if: You prioritize dollar-based economy and strong banking sector. Ideal for entrepreneurs, international traders, banking needs.
Choose Oman if: You prioritize zero personal income tax and beautiful landscapes. Ideal for nature lovers, peaceful lifestyle, regional access.
Not Sure Which is Right for You?
Take our free eligibility assessment to see which tax residency program fits your situation.