Panama City
Panama
Territorial taxation with a residency pathway.
- Foreign Income
- 0%
- System
- Territorial
- Residency
- Available
- Structure
- Corporation (S.A.)
Overview
The Corporation (S.A.).
A Panamanian S.A. combines broad commercial freedom with territorial taxation — foreign-sourced income is untaxed — and opens a credible residency route through the Friendly Nations Visa.
Business activity freedom
Broad commercial freedom.
Tax position
Territorial system — 0% tax on foreign-sourced income.
Ease of doing business
Straightforward, though more paperwork-heavy than the digital-first jurisdictions.
Corporate banking
Improved due-diligence standards mean onboarding takes longer than in the past, but remains achievable for well-documented structures.
Notable add-ons
Friendly Nations Visa (residency pathway).
Best suited for
- Foreign-sourced income structures
- Latin American operations
- Holding and asset-protection vehicles
- Founders seeking a residency pathway
