Tax Atlas

Cyprus vs Panama: tax comparison for expats & nomads

A sourced head-to-head on Cyprus and Panama: tax-residency rules, income tax rates, special regimes and nomad visas, side by side. Income tax only, not tax advice.

Effective income tax by income

An effective-rate comparison for this pair isn’t available yet (one country’s full bracket table is still being verified). The sourced fact comparison below still applies — and the interactive tool covers every modelled country.

Cyprus vs Panama, side by side

 CyprusPanama
Top income tax rate35%PwC Tax Summaries“72,001 and above: 35%”View source · accessed 2026-08-0925%PwC Worldwide Tax Summaries“Over 50,000 | Tax on column 1 (USD): 5,850 | Tax on excess (%): 25”View source · accessed 2026-09-18
Tax-residency day threshold183 daysPwC Tax Summaries“individuals who spend more than 183 days in any one calendar year in Cyprus, without any further additional conditions/criteria being relevant.”View source · accessed 2026-08-09183 daysPwC Worldwide Tax Summaries“A resident is a person who is physically located and has been generating income in Panama for more than 183 days during the year.”View source · accessed 2026-09-18
Signature tax regimeNon-dom status: 17 yearsPwC Tax Summaries“the individual has been a tax resident of Cyprus for a period of at least 17 years out of the last 20 years”View source · accessed 2026-08-09NonePwC Worldwide Tax Summaries“There are no inheritance, estate, or gift taxes in Panama.”View source · accessed 2026-09-18
Digital nomad visaYesYes — Visa de Corta Estancia como Trabajador Remoto (Short Stay Visa for Remote Workers)Servicio Nacional de Migración de Panamá“Decreto Ejecutivo No. 198 / Que crea la Visa de Corta Estancia como Trabajador Remoto, y se dictan otras disposiciones.”View source · accessed 2026-09-18
Nomad-visa income requirementEUR 3,500 / monthKPMG Cyprus“prove that they have stable and sufficient monthly net income of at least €3.500”View source · accessed 2026-08-09[source]Galindo, Arias & López“un monto anual no menor a US$36,000.00 (US$3,000.00 mensuales), o su equivalente en moneda extranjera”View source · accessed 2026-09-18

Every figure links to its source and verification date. Full guides: Cyprus · Panama.

Frequently asked questions

Is Cyprus or Panama better for tax?

It depends on your income, residency status and which special regime you qualify for. Compare the residency rules, rates and regimes side by side below, and use the interactive tool for your own income.

Which has the lower tax-residency threshold, Cyprus or Panama?

Cyprus treats you as tax resident after 183 days, and Panama after 183 days. But ties like a home, family or economic centre can trigger residency on fewer days — never rely on a day count alone.

Does Cyprus or Panama have a digital nomad visa?

Cyprus has a dedicated nomad/remote-work visa (income requirement around EUR 3,500 / month); Panama has a dedicated nomad/remote-work visa. See the "Digital nomad visa" row below for the sourced detail.

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