Greece, Spain, Panama, Singapore: Tax Rates & Startup Ecosystem Compared

Side-by-side breakdown of tax rates, startup ecosystem, remote work, and 6 more dimensions for founders choosing where to incorporate in 2026.

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4 selectedClear all
🇸🇬Singapore
83
Territorial
🇪🇸Spain
69
Worldwide
🇵🇦Panama
76
Territorial
🇬🇷Greece
70
Worldwide

Dimension Profile

Shape = jurisdiction fingerprint. Gap = your decision.

Tax Regime Comparison3
🇸🇬SingaporeTerritorial22%
🇪🇸SpainWorldwide47%
🇵🇦PanamaTerritorial25%
🇬🇷GreeceWorldwide44%
Tax system mismatchCritical

Spain and Greece tax all worldwide income once you become a tax resident (top rate: 47%). Singapore and Panama do not - only locally-sourced income is taxed. This is a fundamental structural difference that affects your total effective tax burden.

Exit tax applies in one jurisdictionCritical

Spain and Greece have an exit tax. If you establish residency and later wish to leave, you may owe tax on unrealized gains or assets at departure. The other countries in this comparison do not have an exit tax.

CFC rules apply in one jurisdictionReview

Spain and Greece have Controlled Foreign Corporation (CFC) rules. Owning a foreign company as a resident may trigger local tax on undistributed profits - even if the company pays no dividends. The other countries in this comparison do not have CFC rules.

Not tax advice. Tax laws change frequently. Verify with a qualified professional before making residency decisions.

Field-by-Field Breakdown

Green = best value per row
Metric
🇸🇬Singapore83
🇪🇸Spain69
🇵🇦Panama76
🇬🇷Greece70
Dimension Scores
Corporate Tax
100
32
100
52
Funding
85
100
60
85
Visa
75
90
90
85
Residency
75
43
73
60
Tax Res.
75
45
80
45
Practical
91
96
81
83
Remote Work
35
64
88
79
Family
90
95
80
85
Ecosystem
100
60
40
65
Corporate Tax Details
Corporate Tax Rate17%25%25%22%
Capital Gains Tax0%28%10%22%
Tax Treaties93961757
Territorial SystemYesNoYesNo
Funding Details
Active VCs1801001216
Government GrantsYesYesYesYes
EU Funding EligibleNoYesNoYes
Visa Details
Has Startup VisaYesYesYesYes
Processing Time424530120
Min Investment$0-$200K$272K
E-ResidencyNoNoNoNo
Digital Nomad VisaNoYesYesYes
Residency Details
Visa Programs Available3236
Citizenship Timeline21057
Dual CitizenshipNoNoYesYes
Immigration Score7786
Tax Res. Details
Tax Residency Days183183183183
Personal Tax Top Rate22472544
Territorial TaxationYesNoYesNo
Special Tax RegimeNoYesNoYes
Exit TaxNoYesNoYes
Practical Details
Banking Difficultyeasyeasymoderatemoderate
100% Foreign OwnershipYesYesYesYes
Company Formation17510
Virtual Office OKYesYesYesYes
Remote Work Details
Nomad VisaNoYesYesYes
Tourist Workillegalgray_areatoleratedillegal
Tourist Visa Days309018090
PE Risk Levelvery_highmoderatelowmoderate
Days Before Tax Res.183183183183
Internet Speed2502205093
Coworking/mo$400$250$200$175
Family Details
Safety Index91725554
Int'l SchoolsYesYesYesYes
Homeschoolinglegal_with_restrictionslegal_with_restrictionslegallegal_with_restrictions
Healthcare Quality90826859
Cost of Living115556540
Ecosystem Details
Unicorns25502
English Business EnvYesNoNoYes
Talent Pool Quality85704868

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