Greece
Panama
Greece vs Panama
Complete comparison for your tax relocation
Taxation
| Top income tax bracket | 44% | 25% |
| Corporate tax | 22% | 25% |
| Capital gains | 15% | 10% |
| VAT | 24% | 7% |
| Tax treaty with France | Yes | No |
| Special regime | Flat tax 7 % pour retraités étrangers | Taxation territoriale |
| Wealth tax | No | No |
| Territorial taxation | No | Yes |
Flat tax 7 % pour retraités étrangers
Duration: 15 ans
Les retraités qui transferent leur résidence fiscale en Grece peuvent bénéficier d'un taux forfaitaire de 7 % sur tous leurs revenus de source étrangere (pensions, revenus fonciers, dividendes, intérets). Ce régime est tres attractif pour les retraités français.
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) | 900 € | 900 € |
| Monthly cost (couple) | 1 500 € | 1 400 € |
| City center rent | 600 € | 700 € |
| Outside city rent | 400 € | 400 € |
| Private health insurance | 80 € | 70 € |
| Public healthcare | Accessible | Accessible |
Estimated total monthly budget (single, with city center rent)
Greece is approximately 100 € cheaper per month in total.
Quality of life
| Average temperature | 18°C | 27°C |
| Safety | 5/10 | 6/10 |
| Health index | 59/100 | 62/100 |
| Internet | 55 Mbps | 60 Mbps |
| Timezone vs Paris | +1h | -6h |
| French-speaking community | Small | Very small |
| Languages | Grec | Espagnol, Anglais |
| Currency | Euro (EUR) | Balboa / Dollar US (PAB/USD) |
| Corruption index | 49/100 | 36/100 |
| Democracy index | 7.56/10 | 7.05/10 |
Settling in
| Residence permit delay | 4 months | 2 months |
| Company creation | 4 days | 6 days |
| Bank account | Moderate | Easy |
| Political stability | 6.5/10 | 6/10 |
| Ease of business | 79th worldwide | 86th worldwide |
Summary
Greece
- Top IT: 44% | Corp. tax: 22%
- Cost of living: 900 €/mo
- Safety: 5/10 | Health: 59/100
- Regime: Flat tax 7 % pour retraités étrangers (15 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: Greece vs Panama
Which country has lower taxes?
In terms of taxation, Panama is generally more advantageous. The top marginal income tax rate is 25% compared to 44% in Grece. Corporate tax stands at 25% versus 22%. Capital gains are taxed at 10% in Panama versus 15% in Greece.
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 900 EUR/month in Grece. City center rent averages 700 EUR versus 600 EUR.
Which country is safer?
Panama scores higher on safety (6/10 versus 5/10). In terms of healthcare, Panama leads with an index of 62/100 compared to 59/100 for Grece.
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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.