Which is cheaper, Mexico or Panama digital nomad visa?

Panama has a lower income requirement ($3,000/mo vs $4,400/mo).

Which has better tax benefits, Mexico or Panama?

Mexico: No tax on foreign income. Panama: No tax on foreign income. Consult a tax professional.

Side-by-side comparison of the digital nomad visa requirements, costs, and benefits for 2026.

🇲🇽

Temporary Resident Visa

🇵🇦

Short Stay Visa for Remote Workers

Nomad Score

63/100

Good

60/100

Good

Min. Monthly Income

$4,400

$3,000

Initial Stay

12 months

9 months

Processing Time

10-30 days

15-30 days

Application Fee

$56

$250

Apply Online

Foreign Income Tax

None

Citizenship Path

Available

Family Allowed

Yes

Last updated: 2026-04-07 Data cross-checked against official government sources.