The Discreet Investor
World Passport Index · October 2026
Panama passport: rank 82 of 199
The Panama passport scores 57.2 out of 100 in our Investor Score and opens 124 destinations without a prior visa (Mobility Score 129.7, rank 67).
Photo: Panama City skyline · Eric Titcombe · CC BY 2.0 · Wikimedia Commons (cropped)
Investor Score
How the Panama passport scores on each pillar
| Pillar | Points | What drives it |
|---|---|---|
| Weighted mobility | 17.8 / 30 | 124 of 198 destinations without a prior visa; 59% of the maximum once destinations are weighted by economic importance. |
| Right to live and work | 0.0 / 20 | No automatic right to live and work in another country. |
| Banking access | 15.0 / 15 | Not on the FATF, EU or sanctions lists that banks check. |
| Tax and obligations | 13.5 / 15 | Renouncing citizenship is barred or triggers an exit tax |
| Citizenship flexibility | 5.5 / 10 | Dual citizenship allowed with restrictions; Passed to children born abroad under conditions; Can be withdrawn on strict security grounds |
| Stability and consular protection | 5.4 / 10 | Political stability 70/100 · rule of law 54/100 · embassies or consulates in 59 countries. |
| Investor Score | 57.2 / 100 |
Weighted mobility
Where Panama passport holders can travel
Entry rules for a short tourist or business stay, by category. Destinations are the 199 passport-issuing jurisdictions; dependent territories will be added in the first full edition.
Visa-free91
- Albania · 90 days
- Andorra
- Angola · 30 days
- Antigua & Barbuda
- Argentina · 90 days
- Austria · 90 days
- Bahamas
- Barbados · 90 days
- Belarus · 30 days
- Belgium · 90 days
- Belize · 30 days
- Bolivia · 90 days
- Bosnia & Herzegovina · 90 days
- Brazil · 90 days
- Bulgaria · 90 days
- Chile · 90 days
- Colombia · 90 days
- Costa Rica · 90 days
- Croatia · 90 days
- Cyprus · 90 days
- Czechia · 90 days
- Denmark · 90 days
- Dominica · 21 days
- Dominican Republic · 30 days
- Ecuador · 90 days
- El Salvador · 180 days
- Estonia · 90 days
- Finland · 90 days
- France · 90 days
- Georgia
- Germany · 90 days
- Greece · 90 days
- Guatemala · 90 days
- Guyana · 180 days
- Honduras · 90 days
- Hong Kong · 30 days
- Hungary · 90 days
- Iceland · 90 days
- Ireland
- Italy · 90 days
- Jamaica · 30 days
- Japan · 90 days
- Kiribati · 90 days
- Kosovo · 90 days
- Latvia · 90 days
- Liechtenstein · 90 days
- Lithuania · 90 days
- Luxembourg · 90 days
- Malaysia · 30 days
- Malta · 90 days
- Mauritius · 180 days
- Mexico · 180 days
- Micronesia · 30 days
- Moldova · 90 days
- Monaco
- Montenegro · 90 days
- Netherlands · 90 days
- Nicaragua · 90 days
- North Macedonia · 90 days
- Norway · 90 days
- Palestine
- Paraguay · 90 days
- Peru · 90 days
- Philippines · 30 days
- Poland · 90 days
- Portugal · 90 days
- Qatar · 30 days
- Romania · 90 days
- Russia · 90 days
- Samoa · 60 days
- San Marino
- Singapore · 30 days
- Slovakia · 90 days
- Slovenia · 90 days
- Solomon Islands
- South Africa · 90 days
- Spain · 90 days
- St Kitts & Nevis
- St Lucia
- St Vincent & the Grenadines
- Suriname · 90 days
- Sweden · 90 days
- Switzerland · 90 days
- Thailand · 60 days
- Trinidad & Tobago · 90 days
- Türkiye · 90 days
- Ukraine · 90 days
- Uruguay · 90 days
- Uzbekistan · 30 days
- Vatican City
- Vietnam · 90 days
Electronic travel authorisation4
- Israel · 90 days
- Seychelles
- South Korea · 90 days
- United Kingdom
Visa on arrival29
- Armenia · 120 days
- Bangladesh · 30 days
- Burundi
- Cambodia · 30 days
- Cape Verde
- Comoros
- Cuba · 90 days
- Egypt · 30 days
- Guinea-Bissau · 90 days
- Jordan · 30 days
- Laos · 30 days
- Lebanon
- Macao · 30 days
- Madagascar · 90 days
- Malawi · 90 days
- Maldives · 30 days
- Mozambique · 30 days
- Namibia
- Nepal · 90 days
- Palau · 30 days
- Rwanda · 30 days
- Saudi Arabia · 90 days
- Sri Lanka · 30 days
- Tanzania
- Timor-Leste · 30 days
- Tuvalu
- Uganda
- Zambia · 90 days
- Zimbabwe · 30 days
E-visa37
- Afghanistan
- Australia
- Azerbaijan
- Bahrain
- Benin
- Bhutan
- Botswana
- Cameroon
- Côte d’Ivoire
- DR Congo
- Djibouti
- Equatorial Guinea
- Ethiopia
- Gabon
- Guinea
- India
- Iran
- Iraq
- Kazakhstan
- Kenya
- Kyrgyzstan
- Lesotho
- Libya
- Mauritania
- Mongolia
- Myanmar
- Nigeria
- Pakistan
- Sierra Leone
- Somalia
- South Sudan
- Syria
- São Tomé & Príncipe
- Taiwan
- Tajikistan
- Togo
- Venezuela
Visa required37
- Algeria
- Brunei
- Burkina Faso
- Canada
- Central African Republic
- Chad
- China
- Eritrea
- Eswatini
- Fiji
- Gambia
- Ghana
- Grenada
- Haiti
- Indonesia
- Kuwait
- Liberia
- Mali
- Marshall Islands
- Morocco
- Nauru
- New Zealand
- Niger
- North Korea
- Oman
- Papua New Guinea
- Republic of the Congo
- Senegal
- Serbia
- Sudan
- Tonga
- Tunisia
- Turkmenistan
- United Arab Emirates
- United States
- Vanuatu
- Yemen
Right to live and work
Where Panama citizens can live and work
Panama citizens have no automatic right to live and work in another country: residence abroad depends on each country's immigration rules — or on a residence or citizenship by investment programme.
Banking access · Tax and obligations · Citizenship flexibility
Banking, tax and citizenship rules for Panama citizens
Banking
- Not on the FATF, EU or sanctions lists that banks check.
Tax and obligations
- Renouncing citizenship is barred or triggers an exit tax
Citizenship
- Dual citizenship allowed with restrictions
- Passed to children born abroad under conditions
- Can be withdrawn on strict security grounds
Stability and consular network
- Political stability 70/100 · rule of law 54/100 · embassies or consulates in 59 countries.
Panama passport: common questions
How many countries can Panama passport holders visit without a visa? +
124 of the 198 other passport-issuing jurisdictions: 91 visa-free, 4 with an electronic travel authorisation and 29 with a visa on arrival. A further 37 offer an e-visa, and 37 require a visa from an embassy or consulate.
Do Panama citizens need a visa for the Schengen area, the United Kingdom and the United States? +
Schengen area (France): Visa-free. United Kingdom: Electronic travel authorisation. United States: Visa required.
Is the Panama passport good for investors? +
It ranks 82 of 199 in the Investor Score, with 57.2 points out of 100. Its strongest pillar is Banking access; its weakest is Right to live and work.
Sources: entry rules from the Wikipedia article Wikipedia (CC BY-SA 4.0), read in October 2026; other pillars from official lists, legislation, the World Bank, UNDP and UN Tourism. Preliminary edition — see the methodology.
Looking beyond the Panama passport?
A second citizenship or residence can add the travel, banking and residence rights this passport lacks. We model the routes that fit your family, with exact costs. Free, confidential, one business day.