Last Updated: Feb 2026

Panama Visa vs Cyprus

Side-by-side comparison of tax rules, income requirements, and visa difficulty.

CriteriaPanamaCyprus
Income$3,000/mo$3,850/mo
Savings OptionN/AN/A
Visa Fee$300$75
Processing30 days2-3 months
Validity9 months (renewable)1 year (renewable to 3)
Cost TierMediumMedium
Nomad Cost (est.)~$2,700/mo~$2,800/mo
1BR Rent~$1200~$1100
Internet110 Mbps70 Mbps
Pet Friendliness5/105/10
Tax trigger183 days183 days
Insurance requiredYesYes
Pet Catch (2026)Requires a 'Home Quarantine' and an authentication of the health certificate by the Panamanian Consulate.Entry is strict as it's an island (rabies vax + blood test if coming from high-risk).

Travel Insurance Required

Panama deep-diveCyprus deep-dive