Panama
Switzerland
Panama vs Switzerland
Complete comparison for your tax relocation
Taxation
| Top income tax bracket | 25% | 11.5% |
| Corporate tax | 25% | 8.5% |
| Capital gains | 10% | 0% |
| VAT | 7% | 8.1% |
| Tax treaty with France | No | Yes |
| Special regime | Taxation territoriale | Forfait fiscal (imposition d'apres la dépense) |
| Wealth tax | No | Yes |
| Territorial taxation | Yes | No |
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.
Forfait fiscal (imposition d'apres la dépense)
Duration: Illimitée, tant que les conditions sont remplies
Régime réservé aux ressortissants étrangers qui s'installent en Suisse sans y exercer d'activité lucrative. L'impot est calculé sur la base des dépenses annuelles du contribuable, et non sur ses revenus réels.
Cost of living
| Monthly cost (single) | 900 € | 2 800 € |
| Monthly cost (couple) | 1 400 € | 4 200 € |
| City center rent | 700 € | 2 000 € |
| Outside city rent | 400 € | 1 500 € |
| Private health insurance | 70 € | 350 € |
| Public healthcare | Accessible | Accessible |
Estimated total monthly budget (single, with city center rent)
Panama is approximately 3 200 € cheaper per month in total.
Quality of life
| Average temperature | 27°C | 10°C |
| Safety | 6/10 | 7/10 |
| Health index | 62/100 | 70/100 |
| Internet | 60 Mbps | 180 Mbps |
| Timezone vs Paris | -6h | +0h |
| French-speaking community | Very small | Large |
| Languages | Espagnol, Anglais | Français, Allemand, Italien, Romanche |
| Currency | Balboa / Dollar US (PAB/USD) | Franc suisse (CHF) |
| Corruption index | 36/100 | 82/100 |
| Democracy index | 7.05/10 | 9.14/10 |
Settling in
| Residence permit delay | 2 months | 12 months |
| Company creation | 6 days | 10 days |
| Bank account | Easy | Moderate |
| Political stability | 6/10 | 9.5/10 |
| Ease of business | 86th worldwide | 36th worldwide |
Summary
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))
Switzerland
- Top IT: 11.5% | Corp. tax: 8.5%
- Cost of living: 2 800 €/mo
- Safety: 7/10 | Health: 70/100
- Regime: Forfait fiscal (imposition d'apres la dépense) (Illimitée, tant que les conditions sont remplies)
Comparative analysis: Panama vs Switzerland
Which country has lower taxes?
In terms of taxation, Suisse is generally more advantageous. The top marginal income tax rate is 11.5% compared to 25% in Panama. Corporate tax stands at 8.5% versus 25%. Capital gains are taxed at 0% in Switzerland 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 2 800 EUR/month in Suisse. City center rent averages 700 EUR versus 2 000 EUR.
Which country is safer?
Suisse scores higher on safety (7/10 versus 6/10). In terms of healthcare, Suisse leads with an index of 70/100 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.