Panama (Corporation) vs United Arab Emirates (FZCO)
Comparison of Panama (Corporation) vs United Arab Emirates (FZCO). Each country offers multiple entity types — this page compares the primary types side by side. Tax, formation cost, banking, and visa data from our verified database. See country pages for all entity options.
Side-by-side comparison
| Metric | Corporation (Sociedad Anónima) | Free Zone Company (FZCO) |
|---|---|---|
| Entity type | Corporation | FZCO |
| Corporate + state/local tax | 25.0% | 9.0% |
| Formation cost | $300 | $3,500 |
| Annual maintenance | $300 | $3,500 |
| Formation timeline | 5-7 business days | 3-7 business days |
| Minimum capital | 0 USD | 0 USD |
| Local director | Not required | Not required |
| Business banking | Opening a corporate bank account in Panama is notoriously slow and requires extensive KYC/AML documentation. Non-resident founders must usually visit in person for a brief interview, though some banks allow remote opening through a local lawyer. · 1 remote-friendly bank(s) | Opening a corporate bank account in the UAE can be challenging and time-consuming due to strict Central Bank AML/KYC regulations. While traditional banks often require in-person visits, extensive documentation, and high minimum balances, digital platforms like Wio Bank have significantly streamlined the process for founders who have already secured their UAE residency visa and Emirates ID. · 3 remote-friendly bank(s) |
| Visa / residency | 2 options (Qualified Investor Visa (Golden Visa), etc.) | 3 options (Standard Investor/Partner Visa (2-Year), etc.) |
| Ease of business rank | #86 | #16 |
Highlighted cells indicate a lower tax, cost, or better rank where applicable.
Frequently asked questions
Which is cheaper to form: Panama (Corporation) or United Arab Emirates (FZCO)?
Panama (Corporation) has lower formation costs. Compare annual fees in the table above.
Which has lower corporate tax?
United Arab Emirates (FZCO) has a lower combined rate (25.0% vs 9.0%). See each entity guide for details.
Which is easier for remote business banking?
Panama (Corporation): Opening a corporate bank account in Panama is notoriously slow and requires extensive KYC/AML documentation. Non-resident founders must usually visit in person for a brief interview, though some banks allow remote opening through a local lawyer. · 1 remote-friendly bank(s). United Arab Emirates (FZCO): Opening a corporate bank account in the UAE can be challenging and time-consuming due to strict Central Bank AML/KYC regulations. While traditional banks often require in-person visits, extensive documentation, and high minimum balances, digital platforms like Wio Bank have significantly streamlined the process for founders who have already secured their UAE residency visa and Emirates ID. · 3 remote-friendly bank(s).
How do I choose between Panama and United Arab Emirates?
Start by picking the right entity type (LTD, LLC, sole trader, etc.) — each country page lists all options. Use our formation advisor and tax simulator for personalized guidance.