Head-to-head · tax residents 2026
Greece or Panama: which should you move to?
Two of Europe's top relocation targets, both with newcomer regimes. Here is how they compare on the taxes that move the needle.
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| Factor |  Greece ↗ |  Panama ↗ |
|---|---|---|
| Top personal income tax | 44% | 25% |
| Corporate tax | 22%* | 25%* |
| Capital gains tax | Taxed | Taxed |
| Dividend tax | 5% | 10% |
| VAT / sales tax | 24% | 7% |
| Wealth tax | No | No |
| Inheritance tax | Yes | No |
| Foreign income | Worldwide | Territorial |
| Headline expat regime | 50% new-resident exemption | Territorial taxation |
| Cost of living (vs your country) | 60 | 45 |
| Population | 10,413,962 | 4,571,189 |
| Area | 131,940 km² | 78,200 km² |
| Population density | 79/km² | 58/km² |
| Airports (large + medium) | 29 | 8 |
| Annual tourists | 27,836,000 | 1,488,000 |
| Flight time from your country | · | · |
| Direct flight likely? | · | · |
| Life expectancy | 82 yrs | 79.8 yrs |
| Safety (homicides/100k) | 0.8 | 11.7 |
| Happiness (0-10) | 5.51 | 6.3 |
| Corruption index (higher = cleaner) | 50/100 | 35/100 |
| Double-tax treaties (approx) | ~57 | ~17 |
| Internet speed (median fixed) | 94 Mbps | 219 Mbps |
| Healthcare spend / person | $1,963 | $1,558 |
| Air quality (PM2.5, lower=better) | 14.12 | 15.12 |
| Time zone (approx) | UTC+2 | UTC-5 |
| Digital nomad visa | Yes | Yes |
| Official languages | 1 (Greek) | 1 (Spanish) |
Green = more favourable. Cost of living shown as a percentage of your home country (under 100% = cheaper than home). Tax data: compiled by us, being re-verified; cost of living: World Bank PPP; area & population: GeoNames; life expectancy & homicide rate: World Bank.
* Greece: 22% standard CIT for legal entities. Credit institutions under the DTA regime are taxed at 29%. · Panama: Territorial: only Panamanian-source income taxed. Companies with taxable income over USD 1.5M face CAIR alternative minimum tax (greater of normal base or 4.67% of gross taxable income).
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