Cayman Islands vs Panama

Cayman Islands

7.26 / 10

Panama

7.01 / 10

Cayman Islands leads overall

Score comparison table

DimensionCayman IslandsPanama
Lucky Nomads World Index
7.26 / 107.01 / 10
SafetyShield Index
6.7 / 105.6 / 10
Affordability Index
2.7 / 106.9 / 10
Entry Ease Index
7.5 / 106.9 / 10
Tax Freedom Index
10.0 / 108.7 / 10
WiFi Index
8.5 / 107.7 / 10
Admin Ease Index
8.2 / 106.6 / 10
Healthcare Index
8.2 / 107.8 / 10
City Comfort Index
8.1 / 107.7 / 10
WeatherComfort Index
6.4 / 105.7 / 10
Banking Index
9.4 / 106.3 / 10
GeoStability Index
9.3 / 107.4 / 10
Justice & Order Index
8.5 / 106.8 / 10
Quality of Life Index
8.4 / 108.0 / 10
Open Society Index
7.5 / 106.5 / 10
Flight Index
4.9 / 105.2 / 10
Environmental Quality Index
8.3 / 108.2 / 10
English Index
9.3 / 104.8 / 10
Wealth Protection Index
8.9 / 108.0 / 10

Tax, economy, and demographics

DimensionCayman IslandsPanama
Corporate income tax
0%Ultra low
25%Very high
Corporate tax basis
No corporate income tax
Territorial
Personal income tax (marginal)
0%Ultra low
25%Moderate
Personal tax basis
No personal income tax
Territorial
Population91 k
4.6 M×51
Area264 km²
74,340 km²×282
Population density345 /km²62 /km²
CapitalGeorge TownPanama City
CurrencyKYD (Cayman Islands dollar)PAB (Panamanian balboa)
Main airportGCM (Owen Roberts International Airport)PTY (Tocumen International Airport)
Phone code+1345+507
Internet TLD.ky.pa

Visa access controls

Your access

Pick your nationality above to see how long you can stay in each country and whether you need a visa.

Passport power

Mobility strength of each country's passport, useful if you are weighing it as a future citizenship.

Cayman Islands passport

183

Visa-free destinations

  • Schengen visa-free
  • UK visa-free
  • US ESTA
  • Canada eTA
  • Australia eTA

Panama passport

48.33

LN Passport Index (#62)

138

Visa-free destinations

  • Schengen visa-free
  • UK visa-free

Verdict

For professionals who prioritize english index, Cayman Islands leads with 9.3 / 10 versus 4.8 / 10 for Panama. On affordability index, Panama is at 6.9 / 10 compared with 2.7 / 10 for Cayman Islands.

Who should choose which country

Who should choose Cayman Islands

  • Professionals who prioritize tax freedom index (exceptional tax freedom)
  • Professionals who prioritize banking index (world-class banking access for expats)
  • Professionals who prioritize geostability index (exceptional geostability index)

Who should choose Panama

  • Professionals who prioritize tax freedom index (very favorable tax environment)
  • Professionals who prioritize environmental quality index (very strong environmental quality index)
  • Professionals who prioritize wealth protection index (strong wealth protection index)

Also compare

See full Cayman Islands analysis →See full Panama analysis →

Related rankings

Lucky Maillard, Founder of Lucky Nomads

Lucky Maillard

Founder, Lucky Nomads · Wealth manager

Researched from official sources, leading global indices and Lucky Nomads' own scoring.

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