Last Updated: Feb 2026

Spain Visa vs Panama

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

CriteriaSpainPanama
Income$3,050/mo$3,000/mo
Savings OptionN/AN/A
Visa Fee$85$300
Processing20-40 days30 days
Validity3 years (renewable)9 months (renewable)
Cost TierMedium-HighMedium
Nomad Cost (est.)~$3,100/mo~$2,700/mo
1BR Rent~$1300~$1200
Internet180 Mbps110 Mbps
Pet Friendliness8/105/10
Tax trigger183 days183 days
Insurance requiredYesYes
Pet Catch (2026)New 2025 Animal Welfare laws in Spain have made it even easier to travel with pets, though some 'Potentially Dangerous Dog' (PPP) breeds require local registration and insurance.Requires a 'Home Quarantine' and an authentication of the health certificate by the Panamanian Consulate.

Travel Insurance Required

Spain deep-divePanama deep-dive