Malta
Panama
Malta vs Panama
Complete comparison for your tax relocation
Taxation
| Top income tax bracket | 35% | 25% |
| Corporate tax | 35% | 25% |
| Capital gains | 0% | 10% |
| VAT | 18% | 7% |
| Tax treaty with France | Yes | No |
| Special regime | Non-Dom (Remittance Basis) | Taxation territoriale |
| Wealth tax | No | No |
| Territorial taxation | No | Yes |
Non-Dom (Remittance Basis)
Duration: Illimitée, tant que le statut non-dom est maintenu
Les résidents non-domiciliés à Malte ne sont imposés que sur les revenus de source maltaise et les revenus étrangers rapatriés à Malte. Les revenus et plus-values étrangers non rapatriés sont exonérés. Un impot minimum annuel de 5 000 EUR s'applique.
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) | 1 200 € | 900 € |
| Monthly cost (couple) | 1 900 € | 1 400 € |
| City center rent | 950 € | 700 € |
| Outside city rent | 700 € | 400 € |
| Private health insurance | 60 € | 70 € |
| Public healthcare | Accessible | Accessible |
Estimated total monthly budget (single, with city center rent)
Panama is approximately 550 € cheaper per month in total.
Quality of life
| Average temperature | 19°C | 27°C |
| Safety | 6/10 | 6/10 |
| Health index | 53/100 | 62/100 |
| Internet | 100 Mbps | 60 Mbps |
| Timezone vs Paris | +0h | -6h |
| French-speaking community | Small | Very small |
| Languages | Maltais, Anglais | Espagnol, Anglais |
| Currency | Euro (EUR) | Balboa / Dollar US (PAB/USD) |
| Corruption index | 51/100 | 36/100 |
| Democracy index | 7.68/10 | 7.05/10 |
Settling in
| Residence permit delay | 3 months | 2 months |
| Company creation | 10 days | 6 days |
| Bank account | Easy | Easy |
| Political stability | 8/10 | 6/10 |
| Ease of business | 88th worldwide | 86th worldwide |
Summary
Malta
- Top IT: 35% | Corp. tax: 35%
- Cost of living: 1 200 €/mo
- Safety: 6/10 | Health: 53/100
- Regime: Non-Dom (Remittance Basis) (Illimitée, tant que le statut non-dom est maintenu)
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: Malta 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 35% in Malte. Corporate tax stands at 25% versus 35%. Capital gains are taxed at 0% in Malta 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 1 200 EUR/month in Malte. City center rent averages 700 EUR versus 950 EUR.
Which country is safer?
Both countries have an identical safety score of 6/10.
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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.