You are self-employed, contracted as an employee of a foreign company with
a transnational character or work remotely.
Execution of influential functions abroad through IT.
Income earned in a foreign country of 36,000 Balboa annually that is
approx. 3,000USD monthly for a year.
Documents:
Complete the appropriate application form, including the applicant's
promise to pay the cost of return or, if applicable, return or repatriation
to the country of destination.
3 passport photos.
A copy of the applicant's health insurance. It must remain insured in the
country and be valid for the entire duration of the applicant's stay.
Proof or confirmation of the existence of a foreign company at the place of
registration.
Company letter signed by the legal representative on company letterhead:
General information of the applicant. Duties and functions performed.
Minimum income of 3,000USD monthly. Statement of work mode (remote work).
Obligations - if applicable - to pay the costs of return or repatriation in
the country of origin or destination.
Strict declaration signed by the applicant not to accept offers of work or
services in the territory of the country with citizens, residents, tourists
or businesses from the Republic of Panama.
Payment of two hundred and fifty balboas with 00/ 100 (131.250.00) in favor
of the National Immigration Service which is approx. $250USD.
If you apply as a freelancer: Certification or verification of your
business, duly registered abroad, used by you to conduct business. OR A
statement describing a business relationship with a client providing
services before a notary public must include the following information:
Full name is taken, general information of the applicant and client,
services provided to a specific client, number of services provided, cash
generated and the payment cycle for services rendered.
To prove your income, you need to show either your account statement
showing that the income was earned abroad and is related to a certain
employment status or a statement of account with the accreditation stamp
from the issuing bank confirming the remittance operation of a foreign or
local bank and attesting its relevance to a specific employment status.
NoticeThe information provided has been collected using the latest documents and documents provided by various international online sources and may contain errors or non-compliance with the latest developments of the day. Therefore, the reader is suggested to act carefully and refer to the relevant embassy or get advice from experienced lawyers. Remember that we at our Group only provide advice on accommodation through the start-up or purchase of business and property.
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