Panama

About the Panama passport

Holders of the Panama passport can enter 143 of 199 countries without arranging a visa in advance. The passport currently ranks #27 globally. Holders cover 72% of the world without advance visa arrangements, above the global average for international mobility. That figure breaks down as: 96 require no visa at all, 4 accept an electronic travel authorization, 43 offer visa on arrival.

Tax in Panama

Panama applies a top marginal income tax rate of 25% and a capital gains tax rate of 10%. The country operates a territorial tax regime, taxing only income sourced within Panama, with foreign-sourced income generally exempt. Expats who establish tax residency in Panama and earn the bulk of their income abroad may significantly reduce their overall tax burden under this structure.

Where Panama passport holders can travel

Panama passport holders have visa-free or visa-on-arrival access to the following 125 destinations:

AlbaniaAndorraAngolaAntigua and BarbudaArgentinaArmeniaAustriaBahamasBangladeshBarbadosBelarusBelgiumBelizeBoliviaBosnia and HerzegovinaBrazilBulgariaBurundiCabo VerdeCambodiaChileColombiaComorosCosta RicaCôte d'IvoireCroatiaCyprusCzechiaDenmarkDjibouti

Show all 125 destinations