Panama
Panama taxes individuals only on Panamanian-source income, so foreign dividends, gains and income from work done outside Panama are not taxed there, and residence is cheap and fast to obtain. The catch is that you only escape UK tax if you genuinely break UK residence under the Statutory Residence Test, and a Panamanian company run from the UK is likely to be treated as UK-resident.
Latitax verdict
Territorial tax: foreign income is not taxed, with easy residence routes.
Ideal for: Entrepreneurs with foreign income wanting the Americas.
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Headline figures. Conditions, thresholds and every note are in the full file.
Income tax, top rate
Secondary25%
Capital gains
Secondary10% (Panamanian securities and property only)
Inheritance / estate
SecondaryNone
Wealth tax
SecondaryNone
Corporate tax
Secondary25%
Tax system
SecondaryTerritorial: only Panamanian-source income is taxed
Research, not advice. Rates change; confirm with a qualified professional before acting. 9 official sources, reviewed 2026-09-29.