🇵🇦 Panama vs 🇹🇼 Taiwan
Complete Tax Residency Comparison for Digital Nomads & Entrepreneurs
Quick Comparison
| Factor | 🇵🇦 Panama | 🇹🇼 Taiwan |
|---|---|---|
| Tax System | Territorial | Territorial-ish |
| Income Tax (Foreign) | 0% (foreign income) | 5-40% |
| Capital Gains Tax | 0-10% | 0% (foreign) |
| Corporate Tax | 25% | 20% |
| Residency Requirement | Friendly Nations Visa ($5,000) | Gold Card (special skills) |
| Minimum Stay | None required | 183 days |
| Cost of Living | Moderate ($1,500-2,500/mo) | Moderate ($1,500-3,000/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
🇹🇼 Taiwan
Highlights
- ✅Gold Card program
- ✅Zero foreign capital gains
- ✅Great quality of life
- ✅Excellent healthcare
- ✅Tech hub
Considerations
- ⚠️Political tensions
- ⚠️Language barrier
- ⚠️Some bureaucracy
Best For
- 👤Tech professionals
- 👤Digital economy workers
Which Should You Choose?
Choose Panama if: You prioritize dollar-based economy and strong banking sector. Ideal for entrepreneurs, international traders, banking needs.
Choose Taiwan if: You prioritize gold card program and zero foreign capital gains. Ideal for tech professionals, digital economy workers.
Not Sure Which is Right for You?
Take our free eligibility assessment to see which tax residency program fits your situation.