Minimum income
$3,000/month
$36,000/year
Stay
9 → 18
months, renewable
Application fee
$300
Tax
Territorial
Territorial tax system
Path to staying
- Visa9 months
- Renewup to 18 months
- Leads to residency
- Leads to citizenship
Overview
- Country
- Panama
- Visa name
- Short-Term Visa for Remote Workers
- Local name
- Visa de Corta Estancia para Teletrabajadores
- Program type
- Formal dn visa
- Status
- Active
- Initial duration
- 9 months
- Max duration
- 18 months
- Income requirement
- $3,000/month ($36,000/year)
- Application fee
- $300
- Tax status
- Territorial
Requirements
- Health insurance required
- Criminal record check required
- Proof of accommodation not required
- Proof of employment or clients required
- University degree not required
What you can do
- Work for local companies
- Freelancers eligible
- Employees eligible
- Work permit included no
- Bring dependents
- Multiple entry
- Open a local bank account
Family and dependents
- Dependents allowed
- Yes
Tax
- Tax status
- Territorial
- Tax regime
- Territorial tax system
- Foreign income taxed
- No
How to apply
- Application method
- in country
- Processing time
- 30–45 days
- Can apply in-country
- No
- Multiple entry
- Yes
- Can open bank account
- Yes
- Renewable
- Yes
Notes
Introduced via Executive Decree No. 198 (May 2021). $250 government fee + $50 NIS card fee = $300. Total costs $400-$800 with legal services. Requires an immigration lawyer to file application. 9-month initial term, extendable for another 9 months. Foreign income not taxable under Panama territorial tax system.
Also in Panama
Panama also offers these long-term residency programs