Do I only pay taxes in Panama if my company is registered here?

It depends on your activities, tax residence, and applicable double-taxation treaties. We evaluate your case to offer the best strategy.

Can I remain anonymous as a shareholder or director?

Panamanian law allows the use of nominee directors and fiduciary structures, although international transparency and AML standards must be followed.

How long does it take to obtain permanent residency?

Processing times range from 3 to 6 months, depending on the visa type and documentation readiness.

Can foreigners buy property in Panama?

Yes, foreigners can buy property almost anywhere in the country (except restricted border zones). Property ownership rights are the same as for citizens.

What are the tax benefits of living in Panama?

Panama uses a territorial tax system — only income earned inside Panama is taxed. Foreign pensions, dividends, remote work income, and capital gains from abroad are completely tax-free for residents.

Can I open a bank account in Panama as a foreigner?

Yes. With the right documentation (passport, proof of income, references, and a valid Panamanian residency), foreigners can open personal and corporate bank accounts at major Panamanian banks. Our team guides you through the entire process.

What is the Digital Nomad Visa in Panama?

Panama's Short Stay Visa for Remote Workers allows digital nomads to live in Panama for up to 9 months while working remotely for foreign companies. Requirements include proof of remote employment or freelance income and health insurance.

How much money do I need to retire in Panama?

With the Pensionado Visa you need a minimum pension of $1,000/month. Living costs in Panama City range from $1,500–$2,500/month for a comfortable lifestyle, making it one of the most affordable retirement destinations in the Americas.

Strategic Location

Panama sits at the narrowest point between North and South America, with the Panama Canal connecting the Atlantic and Pacific Oceans. Tocumen International Airport in Panama City is one of the region's busiest hubs, with direct flights to major cities across the US, Latin America, and Europe — making Panama one of the most accessible relocation destinations in the hemisphere.

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Key Facts

Short Flights to the US

Direct flights connect Panama City to major US hubs like Miami, Houston, and New York in roughly 3 to 5 hours.

Direct Flights to Europe

Panama City offers direct flights to European cities including Madrid and Amsterdam, in addition to extensive Latin American connectivity.

Two Coasts, One Country

Panama has both a Pacific and a Caribbean coastline, so beaches, islands, and marinas on two different seas are within a few hours' drive of each other.

The Panama Canal

One of the world's most important shipping routes runs directly through the country, reinforcing Panama's role as a global logistics and trade hub.

Frequently Asked Questions

How far is Panama from the United States? +

Flight times range from roughly 3 hours (Miami) to about 5-6 hours (New York), depending on your departure city, making Panama one of the most accessible Latin American countries from the US.

Can I fly directly to Panama from Europe? +

Yes, Panama City has direct flights from several major European cities, including Madrid, in addition to strong connectivity across the Americas through Tocumen International Airport.

Is Panama in a hurricane or earthquake risk zone? +

Panama sits outside the Atlantic hurricane belt, so hurricane risk is minimal. Like much of the region, it does have some seismic activity, though major cities are generally built to modern construction standards.

Ready to Start Your Panama Journey?

Book a free 15-minute consultation and our attorneys will confirm which visa fits your situation.