Panama Visa vs Iceland
Side-by-side comparison of tax rules, income requirements, and visa difficulty.
| Criteria | Panama | Iceland |
|---|---|---|
| Income | $3,000/mo | $7,800/mo |
| Savings Option | N/A | N/A |
| Visa Fee | $300 | $100 |
| Processing | 30 days | 3-4 weeks |
| Validity | 9 months (renewable) | 6 months |
| Cost Tier | Medium | Ultra-High |
| Nomad Cost (est.) | ~$2,700/mo | ~$5,500/mo |
| 1BR Rent | ~$1200 | ~$1900 |
| Internet | 110 Mbps | 150 Mbps |
| Pet Friendliness | 5/10 | 2/10 |
| Tax trigger | 183 days | 180 days |
| Insurance required | Yes | Yes |
| Pet Catch (2026) | Requires a 'Home Quarantine' and an authentication of the health certificate by the Panamanian Consulate. | Almost impossible for a 6-month stay. |