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PanamaInvestors & entrepreneursLast checked October 16, 2026

Visa de Corta Estancia como Trabajador Remoto

Decreto Ejecutivo No. 198 de 7 de mayo de 2021

A non-resident short-stay visa created by Executive Decree 198 of 2021 for foreigners who work remotely for a transnational foreign company or as self-employed people, with foreign-source income. It lasts 9 months and can be extended once for 9 more months. Once granted, the holder can work remotely in Panama without any other permit.

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1 entry rule for Panama based on recent travel

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Life in Panama

Money

3

Currency

Panamanian Balboa

PAB

Panamanian Balboa

Cost of living

50

Price level · US = 100

World Bank price levels, 2025

Tax

15–25%

Income tax (national)

ITBMS (VAT) 7%

Annual taxable income up to USD 11,000 exempt; 15% to USD 50,000; 25% above.

Official rates, 2026 · headline only

Living

1

Happiness

6.5

#37 of 145 countries

World Happiness Report 2025

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Who it’s for

Remote employees of transnational foreign companies, and self-employed remote workers with their own company registered abroad, earning at least B/.36,000 a year from foreign sources.

Eligibility

  • Remote employment or self-employment

    A contract as an operative of a transnational foreign company, or self-employed status, working by telework, with functions that take effect abroad.

  • Minimum income

    Show foreign-source income of at least B/.36,000 a year, with an employer letter showing at least B/.3,000 a month.

    Minimum foreign-source income

    Per year
    B/.36,000
    Per month
    B/.3,000
    Official wording

    Foreign-source income of at least B/.36,000 a year; the employer letter must show monthly income of at least B/.3,000.

  • Employer documentsEmployees

    Proof that the foreign company exists where it is registered, and a signed company letter with the applicant's role, income, remote modality and a commitment to cover repatriation.

A sneak peek at what's inside

  • Next requirementSelf-employed documents
  • Document checklistNotarised power of attorney and application
  • FeesMigration services payment

The full requirements are for members

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  • 5 more requirements
  • 12 documents
  • 2 fees
  • 6 steps
  • Processing times and conditions
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