🇵🇦 Panama vs 🇷🇸 Serbia
Complete Tax Residency Comparison for Digital Nomads & Entrepreneurs
Quick Comparison
| Factor | 🇵🇦 Panama | 🇷🇸 Serbia |
|---|---|---|
| Tax System | Territorial | Flat Tax |
| Income Tax (Foreign) | 0% (foreign income) | 10-15% |
| Capital Gains Tax | 0-10% | 15% |
| Corporate Tax | 25% | 15% |
| Residency Requirement | Friendly Nations Visa ($5,000) | Easy temporary residency |
| Minimum Stay | None required | 183 days |
| Cost of Living | Moderate ($1,500-2,500/mo) | Very Low ($900-1,700/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
🇷🇸 Serbia
Highlights
- ✅Low flat taxes
- ✅Easy residency
- ✅Very low cost of living
- ✅Friendly people
- ✅Growing startup scene
Considerations
- ⚠️Not EU (yet)
- ⚠️Visa-free limited
- ⚠️Some bureaucracy
Best For
- 👤Balkan base
- 👤Budget-conscious
- 👤EU aspirants
Which Should You Choose?
Choose Panama if: You prioritize dollar-based economy and strong banking sector. Ideal for entrepreneurs, international traders, banking needs.
Choose Serbia if: You prioritize low flat taxes and easy residency. Ideal for balkan base, budget-conscious, eu aspirants.
Not Sure Which is Right for You?
Take our free eligibility assessment to see which tax residency program fits your situation.