Cyprus
Panama
Cyprus vs Panama
Complete comparison for your tax relocation
Taxation
| Top income tax bracket | 35% | 25% |
| Corporate tax | 12.5% | 25% |
| Capital gains | 0% | 10% |
| VAT | 19% | 7% |
| Tax treaty with France | Yes | No |
| Special regime | Non-Dom (exonération dividendes et intérets) | Taxation territoriale |
| Wealth tax | No | No |
| Territorial taxation | No | Yes |
Non-Dom (exonération dividendes et intérets)
Duration: 17 ans
Les résidents non-domiciliés à Chypre bénéficient d'une exonération totale sur les dividendes et les intérets pendant 17 ans. Combiné avec l'absence d'impot sur les plus-values (hors immobilier chypriote), c'est l'un des régimes les plus avantageux d'Europe.
Taxation territoriale
Duration: Illimitée (systeme fiscal national permanent)
Le Panama applique un systeme de taxation purement territoriale : seuls les revenus de source panaméenne sont imposés. Les revenus générés à l'étranger sont totalement exonérés, y compris les dividendes, intérets et plus-values d'origine étrangere.
Cost of living
| Monthly cost (single) | 1 100 € | 900 € |
| Monthly cost (couple) | 1 800 € | 1 400 € |
| City center rent | 850 € | 700 € |
| Outside city rent | 550 € | 400 € |
| Private health insurance | 70 € | 70 € |
| Public healthcare | Accessible | Accessible |
Estimated total monthly budget (single, with city center rent)
Panama is approximately 350 € cheaper per month in total.
Quality of life
| Average temperature | 20°C | 27°C |
| Safety | 7/10 | 6/10 |
| Health index | 56/100 | 62/100 |
| Internet | 80 Mbps | 60 Mbps |
| Timezone vs Paris | +1h | -6h |
| French-speaking community | Small | Very small |
| Languages | Grec, Anglais, Turc | Espagnol, Anglais |
| Currency | Euro (EUR) | Balboa / Dollar US (PAB/USD) |
| Corruption index | 53/100 | 36/100 |
| Democracy index | 7.29/10 | 7.05/10 |
Settling in
| Residence permit delay | 2 months | 2 months |
| Company creation | 8 days | 6 days |
| Bank account | Easy | Easy |
| Political stability | 7.5/10 | 6/10 |
| Ease of business | 54th worldwide | 86th worldwide |
Summary
Cyprus
- Top IT: 35% | Corp. tax: 12.5%
- Cost of living: 1 100 €/mo
- Safety: 7/10 | Health: 56/100
- Regime: Non-Dom (exonération dividendes et intérets) (17 ans)
Panama
- Top IT: 25% | Corp. tax: 25%
- Cost of living: 900 €/mo
- Safety: 6/10 | Health: 62/100
- Regime: Taxation territoriale (Illimitée (systeme fiscal national permanent))
Comparative analysis: Cyprus vs Panama
Which country has lower taxes?
Both countries are fairly close on taxation. Income tax reaches 35% in Cyprus and 25% in Panama. Corporate tax is 12.5% and 25% respectively. Capital gains are taxed at 0% in Cyprus versus 10% in Panama.
Which country is cheaper to live in?
The cost of living is lower in Panama. A single person spends about 900 EUR/month excluding rent, compared to 1 100 EUR/month in Chypre. City center rent averages 700 EUR versus 850 EUR.
Which country is safer?
Chypre scores higher on safety (7/10 versus 6/10). In terms of healthcare, Panama leads with an index of 62/100 compared to 56/100 for Chypre.
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Disclaimer
The tax information presented is based on estimates from public sources (PwC, OECD, government sources). It does not constitute tax or legal advice. Tax rules change regularly and your personal situation may significantly affect the calculation. Consult a qualified professional before making any relocation decision.