Panama • Passport

PASSPORT • PASS • PASAPORTE
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About the Panama passport
At #26 globally out of 200 ranked passports, the Panama passport puts holders ahead of 87% of the world. Like many countries, Panama extends citizenship to children of its nationals born abroad, making the passport potentially available to subsequent generations through descent.
Passport context
Panama applies a top marginal income tax rate of 25% and a capital gains tax rate of Varies. The country operates a territorial tax regime, taxing only income sourced within Panama, with foreign-sourced income generally exempt. Expats who establish tax residency in Panama and earn the bulk of their income abroad may significantly reduce their overall tax burden under this structure.
Where Panama passport holders can travel
Where a visa is required
