🇵🇦 Panama vs 🇬🇧 United Kingdom
Complete Tax Residency Comparison for Digital Nomads & Entrepreneurs
Quick Comparison
| Factor | 🇵🇦 Panama | 🇬🇧 United Kingdom |
|---|---|---|
| Tax System | Territorial | Non-Dom Regime |
| Income Tax (Foreign) | 0% (foreign income) | 20-45% |
| Capital Gains Tax | 0-10% | 0% (non-dom, unremitted) |
| Corporate Tax | 25% | 25% |
| Residency Requirement | Friendly Nations Visa ($5,000) | Various visas available |
| Minimum Stay | None required | Tax residency tests |
| Cost of Living | Moderate ($1,500-2,500/mo) | High ($3,500-6,000/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
🇬🇧 United Kingdom
Highlights
- ✅Non-dom status available
- ✅Global financial hub
- ✅English speaking
- ✅Common law
- ✅Strong legal system
Considerations
- ⚠️Non-dom being reformed
- ⚠️High cost of living
- ⚠️Weather
Best For
- 👤Finance professionals
- 👤Non-dom planning
- 👤Global business
Which Should You Choose?
Choose Panama if: You prioritize dollar-based economy and strong banking sector. Ideal for entrepreneurs, international traders, banking needs.
Choose United Kingdom if: You prioritize non-dom status available and global financial hub. Ideal for finance professionals, non-dom planning, global business.
Not Sure Which is Right for You?
Take our free eligibility assessment to see which tax residency program fits your situation.