🇵🇦 Panama vs 🇸🇦 Saudi Arabia
Complete Tax Residency Comparison for Digital Nomads & Entrepreneurs
Quick Comparison
| Factor | 🇵🇦 Panama | 🇸🇦 Saudi Arabia |
|---|---|---|
| Tax System | Territorial | Zero Tax |
| Income Tax (Foreign) | 0% (foreign income) | 0% |
| Capital Gains Tax | 0-10% | 0% |
| Corporate Tax | 25% | 20% |
| Residency Requirement | Friendly Nations Visa ($5,000) | Premium Residency ($213k) |
| Minimum Stay | None required | None required |
| Cost of Living | Moderate ($1,500-2,500/mo) | Moderate ($2,000-4,000/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
🇸🇦 Saudi Arabia
Highlights
- ✅Zero personal income tax
- ✅Modernizing rapidly
- ✅New entertainment options
- ✅Growing business hub
- ✅Premium residency program
Considerations
- ⚠️Still conservative
- ⚠️Hot climate
- ⚠️Social restrictions
Best For
- 👤Business investors
- 👤Regional HQ seekers
- 👤High earners
Which Should You Choose?
Choose Panama if: You prioritize dollar-based economy and strong banking sector. Ideal for entrepreneurs, international traders, banking needs.
Choose Saudi Arabia if: You prioritize zero personal income tax and modernizing rapidly. Ideal for business investors, regional hq seekers, high earners.
Not Sure Which is Right for You?
Take our free eligibility assessment to see which tax residency program fits your situation.