Panama
Territorial tax system means all foreign-sourced crypto gains are 100% tax-free. Crypto traded on international exchanges is considered foreign-sourced. No VAT on crypto transactions.
FATCA Partner
Yes
FATF Status
Clear
EU Blacklist
Yes
Dual Nationality
Allowed
CARF Status
Not yet committed
Bitizenship
Not yet
Crypto Tax Guidelines
No specific guidance published
Tax Rates
Activity Taxes
Staking
0% (foreign-sourced)
Mining
0% (foreign-sourced)
DeFi
0% (foreign-sourced)
NFTs
0% (foreign-sourced)
Taxable Events
Crypto → Fiat
Not taxable
Crypto → Crypto
Not taxable
Holding Period
No holding period benefit
All foreign-sourced gains tax-free regardless of holding period
Regulation & Residency
Regulatory Body
No specific crypto regulator; general financial supervision
Residency Requirement
Friendly Nations Visa, Pensionado Visa, or investment-based residency
Reporting Requirements
Minimal; crypto regulation still in development
Citizenship & Residency Path
Friendly Nations Visa; permanent residency after 5 years; citizenship after 5 more years
Resilience & Plan B
Jurisdictional Resilience
How well-equipped this jurisdiction is for a crypto holder who wants stability, access, and protection.
JRS
Institutions (25%), banking (20%), tax clarity (20%), business (15%), privacy (10%), geopolitical (10%). Full methodology →
Plan B Readiness
How fast you can go from “I want to move” to “I’m a tax resident with banking and optionality.”
PBR
Business ease (25%), citizenship path (20%), dual nationality, quality of life & safety (15% each), Bitizenship (10%). Full methodology →
Notable Conditions
- →Territorial tax system - only Panama-sourced income is taxed
- →Crypto on international exchanges = foreign-sourced = tax-free
- →Crypto not classified as a security
- →Regulatory framework still in development phase
- →US dollar is the local currency
Living & Lifestyle
Cost of Living
Low-Moderate
Banking Access
Good (dollarized economy)
Quality of Life
Moderate-High
Lifestyle Scores