Last Updated: Feb 2026

Costa Rica Visa vs Panama

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

CriteriaCosta RicaPanama
Income$3,000/mo$3,000/mo
Savings OptionN/AN/A
Visa Fee$100$300
Processing2-3 weeks30 days
Validity1 year (renewable)9 months (renewable)
Cost TierMedium-HighMedium
Nomad Cost (est.)~$2,900/mo~$2,700/mo
1BR Rent~$1100~$1200
Internet60 Mbps110 Mbps
Pet Friendliness8/105/10
Tax trigger183 days183 days
Insurance requiredYesYes
Pet Catch (2026)Very pet-friendly.Requires a 'Home Quarantine' and an authentication of the health certificate by the Panamanian Consulate.

Travel Insurance Required

Costa Rica deep-divePanama deep-dive