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Panama: Country and Foreign Investment

Entry and Residence

Panama classifies foreigners entering the country as Tourists, Temporary Visitors, Special Temporary Visitors, Tourist-Pensioners, Immigrants and Investors.

Short-stay visas are issued freely; the Tourist-Pensioner visa is given to those who can demonstrate a designated monthly income from interest on time-deposits in a Panamanian bank; the Investor's visa is for those who invest their own capital into local business activity. Immigrant visas cover long-stay working residents.

The employment market is quite closely regulated: the law sets maximum percentages for the employment of foreigners in a business according to its sector. Usually the figure is 5%. However, international companies are allowed to employ foreign born workers with no restrictions on numbers.

 

 

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