THIS CONTENT IS FOR INFORMATIONAL PURPOSES ONLY AND DOES NOT CONSTITUTE LEGAL OR TAX ADVICE. You should always consult with and rely on your own legal and/or tax advisor(s). G-P does not provide legal or tax advice. The information is general and not tailored to a specific company or workforce and does not reflect G-P’s product delivery in any given jurisdiction. G-P makes no representations or warranties concerning the accuracy, completeness, or timeliness of this information and shall have no liability arising out of or in connection with it, including any loss caused by use of, or reliance on, the information.
Employer of Record in Panama.
G-P provides employer of record services for customers that want to hire employees and run payroll without first establishing a branch office or subsidiary in Panama. Your candidate is hired via G-P’ Panama PEO in accordance with local labor laws and can be onboarded in days instead of the months it typically takes. The individual is assigned to work on your team, working on your company’s behalf exactly as if he or she were your employee to fulfill your in-country requirements.
10Holidays per year
42hours per weekWorking hours per day or month
Payroll in Panama.
Panama is a Central American country with a population of over 4 million. The country is on the isthmus linking South and Central America, and it features the well-known Panama Canal. The capital of Panama, Panama City, is a modern city as well as the only place in the world where you can watch the sun rise over the Pacific Ocean and set over the Atlantic Ocean.
Hiring in 
Panama.
Your team is essential to your success in Panama and beyond. When you take the time to hire talented employees and onboard them successfully, you’re investing in the health of your company for years to come. However, some companies don’t have the time to deal with recruiting, hiring, and onboarding when they’re also managing many other complicated aspects of an expansion.
Compensation & Benefits in Panama.
Compensation & Benefits in Panama.
Building a successful benefits plan requires meeting critical employee needs, legal regulations, and market standards. When you’re establishing your company in Panama, you’ll want to strategically address each of these considerations to ensure you have a long-term, sustainable program.
PAB198 per monthMinimum wage per month
30daysAnnual vacation leave (min)
Panama Subsidiary.
Establishing a Panama subsidiary is the first step to legally working in Panama. However, it takes a considerable amount of time to establish an entity according to Panama’s subsidiary laws, and that’s before you can hire employees, pay them, and provide benefits. After weeks or months, you can finally start to benefit by working in the country.
Panama Visas & Permits.
Is your company searching for international growth opportunities? If so, you may choose to expand to Panama for a variety of reasons. This country is a popular destination for expatriates from around the world. Still, your business will face a unique set of challenges as you expand operations to Panama. You’ll most likely want to transfer a strong team of employees to ensure that the transition goes well. Before they can start working, however, you’ll need to make sure they have the necessary work visas and permits.