How to obtain a work permit as a Permanent Resident in Panama.
Executive decree number 20 of May 18, 2019, establishes a new regulation to articles 17 and 18 of the Labor Code and creates the Work Permit as a permanent resident in Panama. These articles establish the percentages for hiring foreigners in Panama, that is, within 10 percent of ordinary Panamanian personnel and 15 percent of […]
Non-Resident Visas – Temporary Resident in Panama
This type of Non-Resident Visa is granted to any foreigner who occasionally enters the country, without the intention of establishing residence or abandoning the status of the place of their country of origin, while they are in Panama, and must have their own economic resources and enough economic resources. Requirements to obtain the Non-Resident Visa […]
Make Corrections to Filiation Records
Among the important procedures that can be carried out in the Immigration Registration Section, of the National Immigration Service of Panama, is: “MAKE CORRECTIONS TO FILIATION RECORDS” Who should carry out this procedure? This procedure must be carried out by: those foreigners who maintain errors in their affiliation. REGISTRY FIXES WHEN THE CORRECTION COMES FROM […]
Extension Request for Change of Immigration Category
Extension Request for Change of Immigration Category in Panama Among the immigration permits from the Republic of Panama, in accordance with the provisions of the Ministry of Public Security through the National Immigration Service, the following should be highlighted: the Application for Extension to Change Immigration Category. This Request for Extension to Change Immigration Category […]
What can cause the cancellation of visas and immigration permits in Panama
In addition to the clauses established in article 31 of Decree Law number 3 of February 22, 2008, such as not complying with the principles of National Security, health or public order, the SNM may cancel the visa or immigration permit for the following reasons : 1. If the foreigner remains in the national territory […]
Sem Visas
Who can opt for the Sem visa? All foreign personnel of a Sem company, in other words, that is part of the staff of a company that has the category of Multinational Company Headquarters; and that they are of administrative or executive level. Visas will be issued for a renewable term, while the contract lasts. […]
Dependents of Personnel of Sem Companies
The Sem permanent staff dependent visa will be granted to spouses, parents and children under 18 years of age and up to 25 years of age, as long as they are studying regularly and are under the economic dependence of the permanent worker of the Sem. As long as they are included in the health […]
Registration of a Foreign Company in Panama
If you wish to establish a subsidiary of your foreign company in the Republic of Panama, you must submit the following requirements: 1. Power of attorney and request through lawyers, with the corresponding legal basis. 2. Authorization of the president or legal representative of the foreign entity. 3. Documentation of the entity legally registered abroad, […]
Foreign Affiliates in Panama
Panama offers the investor world an environment with laws that favor trade, with tax incentives and commercial confidentiality. So, if you are thinking of expanding new horizons, establishing an Off-Shore company could be a great option. Panama has experienced a continuous boom in recent decades, from foreign investors brought in by favorable tax laws for […]
Law 12 of May 19 on Insolvency Proceedings in Panama.
This law provides solutions not only to those companies in imminent bankruptcy, but also to those that, although operating, are in crisis, for which they must undergo a financial reorganization. There are two processes clearly defined in the Law: Reorganization and judicial Liquidation. Bankruptcy process of reorganization. The Reorganization Process is designed with the intention […]