Expatriation United Arab Emirates - tax comparison
🇦🇪

United Arab Emirates

VS
Expatriation Panama - tax comparison
🇵🇦

Panama

United Arab Emirates vs Panama

Complete comparison for your tax relocation

Data up to date as of January 15, 2025
Top income tax bracket
0%
🇦🇪 United Arab Emirates
vs
25%
🇵🇦 Panama
Monthly cost (single)
2 200 €
🇦🇪 United Arab Emirates
vs
900 €
🇵🇦 Panama
Safety
9/10
🇦🇪 United Arab Emirates
vs
6/10
🇵🇦 Panama

Taxation

🇦🇪United Arab Emirates
🇵🇦Panama
Top income tax bracket0%25%
Corporate tax9%25%
Capital gains0%10%
VAT5%7%
Tax treaty with FranceYesNo
Special regimeZones franches (Free Zones)Taxation territoriale
Wealth taxNoNo
Territorial taxationNoYes
🇦🇪

Zones franches (Free Zones)

Duration: Illimitée (0 % impot sur le revenu des personnes physiques)

Les Émirats n'imposent aucun impot sur le revenu des personnes physiques. Les Free Zones offrent en plus une exonération d'impot sur les sociétés pour les entreprises qualifiées, ainsi qu'une propriété étrangere à 100 %.

🇵🇦

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

🇦🇪United Arab Emirates
🇵🇦Panama
Monthly cost (single)2 200 €900 €
Monthly cost (couple)3 500 €1 400 €
City center rent1 800 €700 €
Outside city rent1 200 €400 €
Private health insurance200 €70 €
Public healthcarePrivate onlyAccessible

Estimated total monthly budget (single, with city center rent)

🇦🇪 United Arab Emirates4 000 €/mo
🇵🇦 Panama1 600 €/mo

Panama is approximately 2 400 € cheaper per month in total.

Quality of life

🇦🇪United Arab Emirates
🇵🇦Panama
Average temperature28°C27°C
Safety9/106/10
Health index71/10062/100
Internet200 Mbps60 Mbps
Timezone vs Paris+3h-6h
French-speaking communityMediumVery small
LanguagesArabe, AnglaisEspagnol, Anglais
CurrencyDirham (AED)Balboa / Dollar US (PAB/USD)
Corruption index68/10036/100
Democracy index2.9/107.05/10

Settling in

🇦🇪United Arab Emirates
🇵🇦Panama
Residence permit delay1 months2 months
Company creation4 days6 days
Bank accountEasyEasy
Political stability8.5/106/10
Ease of business16th worldwide86th worldwide

Summary

🇦🇪

United Arab Emirates

  • Top IT: 0% | Corp. tax: 9%
  • Cost of living: 2 200 €/mo
  • Safety: 9/10 | Health: 71/100
  • Regime: Zones franches (Free Zones) (Illimitée (0 % impot sur le revenu des personnes physiques))
View full profile United Arab Emirates
🇵🇦

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))
View full profile Panama

Comparative analysis: United Arab Emirates vs Panama

Which country has lower taxes?

In terms of taxation, Émirats arabes unis is generally more advantageous. The top marginal income tax rate is 0% compared to 25% in Panama. Corporate tax stands at 9% versus 25%. Capital gains are taxed at 0% in United Arab Emirates 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 2 200 EUR/month in Émirats arabes unis. City center rent averages 700 EUR versus 1 800 EUR.

Which country is safer?

Émirats arabes unis scores higher on safety (9/10 versus 6/10). In terms of healthcare, Émirats arabes unis leads with an index of 71/100 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.