Panama Visa vs Cayman Islands
Side-by-side comparison of tax rules, income requirements, and visa difficulty.
| Criteria | Panama | Cayman Islands |
|---|---|---|
| Income | $3,000/mo | $8,333/mo |
| Savings Option | N/A | N/A |
| Visa Fee | $300 | $1,469 |
| Processing | 30 days | 3-4 weeks |
| Validity | 9 months (renewable) | 2 years |
| Cost Tier | Medium | Ultra-High |
| Nomad Cost (est.) | ~$2,700/mo | ~$6,800/mo |
| 1BR Rent | ~$1200 | ~$3200 |
| Internet | 110 Mbps | 120 Mbps |
| Pet Friendliness | 5/10 | 4/10 |
| Tax trigger | 183 days | 183 days |
| Insurance required | Yes | Yes |
| Pet Catch (2026) | Requires a 'Home Quarantine' and an authentication of the health certificate by the Panamanian Consulate. | Highly regulated. |