If you know of a company that wants to hire you in Panama and still has a percentage to cover vacancies based on 10% of foreign personnel, you can opt for this visa to work and live in Panama.
This Residence Permit offers you the possibility to apply for Permanent Residence in Panama after two (2) years, regardless of your nationality.
Suppose you earn a salary of no less than B/.850.00 or the same amount in US dollars (USD) per month. In that case, it is your opportunity to obtain the Provisional Permit of Permanent Resident of Foreign Personnel Hired by Private Companies within 10% of Ordinary Personnel.
The price for the Residence Permit application under the 10% category comprises the following expenses (notarial, registration, stamps, transactional, transportation, certificates, kinship certificate, SNM registration, etc., including processing card, residence card, and multiple visa) and legal fees.
The total cost amounts to US$ 2,149.00. Below we break down the cost:
Expenses:
Total Expenses for the applicant without dependents are US$ 549.00. Breakdown below:
Legal fees:
The total cost of Legal Fees for the applicant without a dependent is US$1,600.00 (ITBMs tax is not included). Breakdown below:
The total cost does not include the payment of:
The requirements to apply for the Visa under the 10% category are the following: