Does Panama have a digital nomad visa?
Yes, the Short Stay Visa for Remote Workers. Minimum income: $3,000/month. Valid for 9 months, renewable. USD 36,000/year from a foreign employer or business; health insurance valid in Panama and a clean record. Extendable once by 9 months (18 max). No Panamanian clients; foreign income is untaxed (territorial system). Fee about USD 250–300.
How high are taxes in Panama?
Income tax ranges from 0% to 25%; only income from local sources is taxed. Tax residency: Resident after more than 183 days in a calendar year or with a permanent home in Panama. Either way, only Panamanian-source income is taxed. Special regimes for newcomers: Territorial taxation for remote workers. VAT 7%, corporate tax 25%.
How much does it cost to live in Panama as a digital nomad?
A single remote worker typically needs $1,800–$3,200 per month including rent.
Do I need a visa for Panama?
It depends on your passport. US citizens: visa-free for 180 days. British citizens: visa-free for 90 days. German citizens: visa-free for 90 days. Choose your passport on Atlaswise to see your rule.
Is Panama good for digital nomads and expats?
Atlaswise rates Panama 63/100 for digital nomads and 62/100 for moving there, based on visa access, cost of living, internet, taxes, safety, healthcare and quality of life.