Expatriation Espagne - tax comparison
🇪🇸

Espagne

VS
Expatriation Panama - tax comparison
🇵🇦

Panama

Espagne vs Panama

Complete comparison for your tax relocation

Top income tax bracket
47%
🇪🇸 Espagne
vs
25%
🇵🇦 Panama
Monthly cost (single)
1 300 €
🇪🇸 Espagne
vs
900 €
🇵🇦 Panama
Safety
8/10
🇪🇸 Espagne
vs
6/10
🇵🇦 Panama

Taxation

🇪🇸Espagne
🇵🇦Panama
Top income tax bracket47%25%
Corporate tax25%25%
Capital gains30%10%
VAT21%7%
Tax treaty with FranceYesNo
Special regimeLey BeckhamTaxation territoriale
Territorial taxationNoYes
🇪🇸

Ley Beckham

Duration: 6 ans (année d'arrivée + 5 ans)

Régime fiscal spécial pour les travailleurs déplacés en Espagne. Permet d'etre imposé comme non-résident avec un taux forfaitaire de 24 % sur les revenus espagnols jusqu'à 600 000 EUR.

🇵🇦

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

🇪🇸Espagne
🇵🇦Panama
Monthly cost (single)1 300 €900 €
Monthly cost (couple)2 100 €1 400 €
City center rent1 050 €700 €
Outside city rent650 €400 €

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

🇪🇸 Espagne2 350 €/mo
🇵🇦 Panama1 600 €/mo

Panama is approximately 750 € cheaper per month in total.

Quality of life

🇪🇸Espagne
🇵🇦Panama
Average temperature18°C27°C
Safety8/106/10
Health index87/10064/100
Internet150 Mbps60 Mbps
Timezone vs Paris+0h-7h
French-speaking communityMediumVery small

Settling in

🇪🇸Espagne
🇵🇦Panama
Residence permit delay4 months2 months
Company creation14 days6 days
Bank accountModerateEasy
Political stability7/106/10

Summary

🇪🇸

Espagne

  • Top IT: 47% | Corp. tax: 25%
  • Cost of living: 1 300 €/mo
  • Safety: 8/10 | Health: 87/100
  • Regime: Ley Beckham (6 ans (année d'arrivée + 5 ans))
View full profile Espagne
🇵🇦

Panama

  • Top IT: 25% | Corp. tax: 25%
  • Cost of living: 900 €/mo
  • Safety: 6/10 | Health: 64/100
  • Regime: Taxation territoriale (Illimitée (systeme fiscal national permanent))
View full profile 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.