PURSUANT TO RESOLUTION ISSUED BY THE LABOR AND LABOR DEVELOPMENT MINISTRY INCLUDED IN THE 10% VISA
Who may apply for this Permit?
A legal entity may bring into the country hired foreign employees, without exceeding the established percentage allowed by law. At the time of presentation of the request, a three month processing document is issued and if the request is approved, the Immigrant Visa is granted, as well as one year resident permit. Eventually, the permanent permit could be requested with the right to obtain the Panamanian identification card.
This visa is granted to all those foreign citizens of legal age that do not have a personal income and work for a legal person, earning an income that in the criterion of the National Directorate of Immigration and Naturalization, is good enough to cover for the petitioner’s expenses while staying in the national territory. It is essential that in order for this request to receive a favorable result, it must include the resolution issued by the Ministry of Labour and Labour Development that granted the labor permit authorizing the person to work in the national territory within the 10% of foreign personnel allowed (the one that allows that by every 10 Panamanians, a foreign employee may be hired by a legal person).
The National Directorate of Immigration and Naturalization has established the solvency or minimum income that the foreign employee has to prove is Five Hundred “Balboas”, cash, monthly (B/. 500.00), plus an additional Seventy Five “Balboas”, cash, for every dependent (B/75.00).
Processing time frame:
The cost of the carnets will be paid by the interested party, as well as the B/. 10.00 fiscal stamps, for those nationalities that require a visa.