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Panama: Offshore Legal and Tax Regimes

Employment and Residence

The employment market is quite closely regulated: the law sets maximum percentages for the employment of foreigners in a business according to its sector. However, foreign companies are allowed to fill senior and/or sensitive positions with expatriates.

Long-stay working residents are issued with Immigrant visas if their employment is permitted. Short-stay visas are issued freely. The Tourist-Pensioner visa is given to those who can demonstrate a monthly designated level of 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.

 

 

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