Panama, Thailand, Cyprus, Malta: Tax Rates & Business Setup Compared
Side-by-side breakdown of tax rates, business setup, startup funding, and 6 more dimensions for founders choosing where to incorporate in 2026.
Select Countries
Cyprus and Thailand tax all worldwide income once you become a tax resident (top rate: 35%). Panama does not - only locally-sourced income is taxed. This is a fundamental structural difference that affects your total effective tax burden.
Not tax advice. Tax laws change frequently. Verify with a qualified professional before making residency decisions.
Next steps
Ready to take action?
Ready to incorporate in Panama?
Recommended services used by founders targeting this jurisdiction.
Affiliate links - we may earn a commission at no extra cost to you.
Open a business bank account
Best options for founders incorporated in or targeting Panama.
Multi-currency account with real exchange rates. Works globally.
US-based banking for international founders with a US entity.
Affiliate links - we may earn a commission at no extra cost to you.
Discussion (0)
A community of sovereign individuals - founders, families, and remote operators. Share what you know, ask what you don't.
No comments yet - be the first to share what you know about this page.
BEYOND SCORES
Track entities, compliance, and residency days
NomadSignal is more than country scores. Manage your multi-jurisdiction business with pathway playbooks, presence tracking, compliance alerts, and an AI advisor that knows your data.