Categories
What are the main work and business permit categories used by companies to transfer skilled staff?
The general work permit rule creates a 10 per cent quota system. Salary amounts within the resident company payroll and the number of foreign employees within the resident company workforce must not exceed 10 per cent of Panamanian employee salaries and workforce (10 per cent visa or permit). Skilled personnel, executive personnel and technicians may be transferred to Panama under any of the following options.
Technicians, experts or employees of trust
This category allows foreign specialised or technical personnel, experts, management and executives or what immigration legislation labels as ‘employees of trust’ to apply for a visa and work permit, provided they are sponsored by a resident corporation. Salary amounts within the resident company payroll and the number of foreign employees within the resident company workforce must not exceed 15 per cent of Panamanian