Executive Decree 198 of 7 May 2021.
This program will boost the economy by stimulating tourism, restaurants, purchases and consumption, and services in general, resulting in a greater reactivation of jobs for Panama
This visa is designed only for people working remotely for foreign businesses.
To access this visa the person must comply with the following requirements:
-To have a contract with a transnational company; or autonomus workers in the modality teleworking.
-To perform functions with effect abroad.
-To have income from abroad with an annual amount of at least US$36,000 or its equivalent in another currency.
What Are the Benefits?
-Fast processing time: under 30 days. The Immigration Bureau authorities are currently working to enable the online platform to process applications efficiently and in a timely manner.
–Tax benefits: Panama is a tax-friendly nation that has a territorial taxation system and will not consider any income sourced from outside of Panama.
You can contact us for advice on this new visa; We also have vast experience in relocatio in Panama.