Panama’s Visa for Digital Nomads is designed to attract remote workers to live and work in the country.
Here’s a comprehensive guide covering eligibility, requirements, and the benefits of the Visa for Digital Nomads in Panama. Panama offers numerous benefits for digital nomads. There is no income tax on foreign-earned income, making it financially appealing.
The cost of living is lower compared to many Western countries, allowing for a comfortable lifestyle. Reliable high-speed internet and telecommunication services ensure seamless remote work. The country boasts stunning natural beauty with beaches, mountains, and diverse landscapes.
A rich cultural heritage and a welcoming community make Panama a vibrant place to live. Its strategic location in Central America serves as a convenient travel hub, and the favorable tropical climate provides warm weather year-round.
In an era where work is increasingly location-independent, Panama offers a Visa for Digital Nomads, inviting remote workers to experience a tropical lifestyle while maintaining their professional activities. This initiative reflects Panama’s understanding of modern work dynamics, aiming to provide a conducive environment for digital nomads.
Panama’s Visa for Digital Nomads offers an excellent opportunity for remote workers to enjoy a balanced work-life experience in a beautiful, welcoming environment. Whether you dream of working by the Pacific Ocean, in the bustling city of Panama, or the serene town of Boquete, this visa can turn that dream into reality.
Eligibility Criteria for the Visa for Digital Nomads in Panama
To qualify for Panama’s Visa for Digital Nomads, applicants must meet specific conditions. They should be employed by a transnational company or be self-employed, conducting work remotely. The annual income must be at least USD 36,000 or its equivalent in foreign currency, earned from foreign sources. Valid medical insurance covering the duration of stay in Panama is required. Applicants must not be citizens or permanent residents of Panama.
The application process involves several steps and necessary documentation. Applicants must provide proof of a minimum monthly income from remote work, valid medical insurance, and evidence that they are not Panamanian citizens or permanent residents. Properly completed application forms must be submitted with all required documents, and fees related to the application and visa issuance must be paid.
Once approved, the Visa for Digital Nomads allows holders to work remotely in Panama without needing additional permissions from state entities. The visa is initially valid for nine months and can be extended once for the same period. An associated card costs USD 50.
Required Documents for the Visa for Digital Nomads in Panama
Essential documents include a notarized power of attorney and application form, three recent photos, and a notarized or authenticated copy of the passport. A criminal record certificate and a valid health certificate are also needed. For employed applicants, a letter from the employer detailing the job, salary, and remote work arrangement is required. Bank statements or certifications confirming foreign income are necessary, along with a payment of USD 250 to the National Migration Service.
Additional Considerations for Self-Employed Workers
Self-employed applicants must provide certification of their own company registered abroad and a notarized declaration describing the business relationship with clients, including service details, earnings, and payment frequency.
Extension Process
To extend the visa, applicants must comply with the same requirements as the initial application. Non-profit workers and students may receive an extension under specific agreements and may be exempt from certain fees.
Legal Basis
The Visa for Digital Nomads in Panama is governed by various legal frameworks, including Decree Law 3 of 2008, Executive Decree No. 320 of August 8, 2008, and Executive Decree No. 198 of May 7, 2021.
Support from Caporaso & Partners Law Office
Navigating the visa approval and immigration process can be complex. Caporaso & Partners Law Office offers expert assistance to ensure a smooth application process. Their experienced team can help you gather the necessary documentation, complete the application forms accurately, and guide you through each step, increasing your chances of a successful visa approval.
Explore Panama’s potential as a remote work haven and take the next step in your digital nomad journey today, with the support of Caporaso & Partners Law Office.
