Mexico
Panama
Mexico vs Panama
Complete comparison for your tax relocation
Taxation
| Top income tax bracket | 35% | 25% |
| Corporate tax | 30% | 25% |
| Capital gains | 10% | 10% |
| VAT | 16% | 7% |
| Tax treaty with France | Yes | No |
| Special regime | None | Taxation territoriale |
| Wealth tax | No | No |
| Territorial taxation | No | Yes |
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) | 700 € | 900 € |
| Monthly cost (couple) | 1 100 € | 1 400 € |
| City center rent | 550 € | 700 € |
| Outside city rent | 350 € | 400 € |
| Private health insurance | 60 € | 70 € |
| Public healthcare | Accessible | Accessible |
Estimated total monthly budget (single, with city center rent)
Mexico is approximately 350 € cheaper per month in total.
Quality of life
| Average temperature | 22°C | 27°C |
| Safety | 5/10 | 6/10 |
| Health index | 72/100 | 62/100 |
| Internet | 50 Mbps | 60 Mbps |
| Timezone vs Paris | -7h | -6h |
| French-speaking community | Very small | Very small |
| Languages | Espagnol | Espagnol, Anglais |
| Currency | Peso mexicain (MXN) | Balboa / Dollar US (PAB/USD) |
| Corruption index | 31/100 | 36/100 |
| Democracy index | 5.63/10 | 7.05/10 |
Settling in
| Residence permit delay | 3 months | 2 months |
| Company creation | 8 days | 6 days |
| Bank account | Moderate | Easy |
| Political stability | 4/10 | 6/10 |
| Ease of business | 60th worldwide | 86th worldwide |
Summary
Mexico
- Top IT: 35% | Corp. tax: 30%
- Cost of living: 700 €/mo
- Safety: 5/10 | Health: 72/100
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: Mexico 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 Mexique. Corporate tax stands at 25% versus 30%.
Which country is cheaper to live in?
The cost of living is lower in Mexique. A single person spends about 700 EUR/month excluding rent, compared to 900 EUR/month in Panama. City center rent averages 550 EUR versus 700 EUR.
Which country is safer?
Panama scores higher on safety (6/10 versus 5/10). In terms of healthcare, Mexique leads with an index of 72/100 compared to 62/100 for Panama.
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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.