Freedom Score
Spain to Panama: tax & freedom compared
How does Panama score against Spain? The Freedom Score weighs five dimensions, built on primary government sources.
Net per month€2,507
Per year vs. Spain+€4,562
Territorial 0% foreign-source · USD zone
Tax
90/100
Passport & mobility
72/100
Residency
78/100
Lifestyle
58/100
Compared by dimension
On an average Spain income of €33,600 gross per year, you keep €30,088 net in Panama: a difference of €4,562 per year compared with Spain.
- Tax: on this income Panama lands at an effective rate of about 10%, against 24% in Spain.
- Passport and mobility: from Panama you travel visa-free to 140 countries.
- Residency: on our accessibility scale Panama scores 78 out of 100 for obtaining residency.
- Lifestyle: banking, internet, safety and healthcare together give Panama a lifestyle score of 58 out of 100.
Frequently asked questions
- How much do I save by moving from Spain to Panama?
- On an average Spain income it differs by roughly €4,562 net per year. Your own figure depends on your income and situation; calculate it with the free freedom check.
- Is this tax advice?
- No. Libaros compares on the basis of primary government sources and provides information. For personal decisions, consult a qualified adviser.
- What sources is this based on?
- The Freedom Score uses the OECD Tax Database, IATA Timatic, the Henley Visa Index and Eurostat, with direct links to primary government sources.
Order report · €29
Figures from primary government sources. Information, not advice.
Sources
OECD Tax Database · IATA Timatic · Henley Visa Index · Eurostat