About Panama
Panama offers the Friendly Nations Visa, the Pensionado programme for retirees and territorial taxation, with the US dollar as legal tender.
Benefits
- Territorial tax system — foreign income is not taxed locally
- US dollar used as legal tender
- Pensionado programme with wide statutory discounts
- Regional logistics and banking hub
Challenges
- Applications legally require a local lawyer
- High cost of living in Panama City
- Marked inequality outside the capital