Last Updated: Feb 2026

Panama Visa vs Belize

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

CriteriaPanamaBelize
Income$3,000/mo$6,250/mo
Savings OptionN/AN/A
Visa Fee$300$250
Processing30 days2 weeks
Validity9 months (renewable)1 year
Cost TierMediumMedium
Nomad Cost (est.)~$2,700/mo~$2,300/mo
1BR Rent~$1200~$900
Internet110 Mbps30 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.Requires an import permit from BAHA.

Travel Insurance Required

Panama deep-diveBelize deep-dive