🇵🇦 Panama vs 🇷🇴 Romania
Complete Tax Residency Comparison for Digital Nomads & Entrepreneurs
Quick Comparison
| Factor | 🇵🇦 Panama | 🇷🇴 Romania |
|---|---|---|
| Tax System | Territorial | Flat Tax |
| Income Tax (Foreign) | 0% (foreign income) | 10% flat |
| Capital Gains Tax | 0-10% | 10% |
| Corporate Tax | 25% | 16% |
| 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) | Very Low ($1,000-2,000/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
🇷🇴 Romania
Highlights
- ✅10% flat tax
- ✅EU membership
- ✅Low cost of living
- ✅Good internet
- ✅Tech scene growing
Considerations
- ⚠️Bureaucracy
- ⚠️Infrastructure outside cities
- ⚠️Language barrier
Best For
- 👤EU budget option
- 👤Tech workers
- 👤Digital nomads
Which Should You Choose?
Choose Panama if: You prioritize dollar-based economy and strong banking sector. Ideal for entrepreneurs, international traders, banking needs.
Choose Romania if: You prioritize 10% flat tax and eu membership. Ideal for eu budget option, tech workers, digital nomads.
Not Sure Which is Right for You?
Take our free eligibility assessment to see which tax residency program fits your situation.