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⚖️ 🇱🇻 Digital Nomad Visa vs 🇵🇦 Short-Term Visa for Remote Workers
🇱🇻 Digital Nomad Visa 🇵🇦 Short-Term Visa for Remote Workers
Country Latvia Panama
Program Type Formal dn visa Formal dn visa
Status Active Active
📊 AT A GLANCE
Metric 🇱🇻 Digital Nomad Visa 🇵🇦 Short-Term Visa for Remote Workers
Duration 12 mo (max 24 mo) 9 mo (max 18 mo)
Monthly Income $4,550/mo $3,000/mo
Application Fee $65 $300
Tax Status Standard Territorial
Renewable Yes Yes
💰 FINANCIAL REQUIREMENTS
RequirementDigital Nomad VisaShort-Term Visa for Remote Workers
Monthly Income $4,550/mo $3,000/mo
Annual Income $54,600 $36,000
Application Fee $65 $300
Dependent Fee $65
📅 DURATION & RENEWABILITY
DetailDigital Nomad VisaShort-Term Visa for Remote Workers
Initial Duration 12 months 9 months
Max Duration 24 months 18 months
RenewableYesYes
🏦 TAX REGIME
DetailDigital Nomad VisaShort-Term Visa for Remote Workers
Tax StatusStandardTerritorial
Tax Rate 23.00%
Tax RegimeTerritorial tax system
Foreign Income TaxedNoYes
Tax Residency Trigger183 days
📋 ELIGIBILITY & REQUIREMENTS
RequirementDigital Nomad VisaShort-Term Visa for Remote Workers
Freelancers EligibleYesYes
Employees EligibleYesYes
Degree RequiredYesYes
Health InsuranceRequiredRequired
Criminal Record CheckNot requiredRequired
Accommodation ProofRequiredNot required
Employment ProofRequiredRequired
💼 WORK RULES
RuleDigital Nomad VisaShort-Term Visa for Remote Workers
Local Work AllowedNoNo
Work Permit IncludedNoNo
👨‍👩‍👧 FAMILY & DEPENDENTS
DetailDigital Nomad VisaShort-Term Visa for Remote Workers
Dependents AllowedYesYes
🌍 MOBILITY & LONG-TERM PATH
DetailDigital Nomad VisaShort-Term Visa for Remote Workers
Multiple EntryYesYes
Schengen AccessYesNo
Apply In-CountryYesNo
Open Bank AccountYesYes
Path to ResidencyNoNo
Path to CitizenshipNoNo
📝 APPLICATION PROCESS
DetailDigital Nomad VisaShort-Term Visa for Remote Workers
MethodOnline, embassy, in countryIn country
Processing Time 14–60 days 30–45 days
Nationality RestrictionSpecificAll