Panama creates Short Stay Visa for Remote Workers
Aiming to become a popular destination with digital nomads and professionals working remotely, Panama has launched its Short Stay Visa for Remote Workers. This new visa allows foreign nationals employed by companies operating outside of Panama or who are self-employed, to live and work remotely from Panama for nine months with a one-time extension of nine additional months. To be eligible for this visa, applicants must have a minimum annual income of US$36,000. In addition, they must prove that their income comes from a source outside of Panama through a bank certification or bank statements. The requirements to apply for the visa include: Self-employed applicants must prove ownership of a company registered outside of Panama and a sworn statement describing the business activity, services, clients, and revenue. All documents issued abroad must be apostilled or legalized. The costs related to the issuance of this visa are: If you are currently working remotely, eligible according to the requirements, and you are looking for a new destination, take advantage of Panama’s great weather, fantastic beaches, mountains, culture, and, more importantly, world-class telecommunications infrastructure. Panama’s short-stay as remote worker visa could be exactly what you need. For more information on this or other Visa categories, contact us at igranet@icazalaw.com or contact our lawyers to their email addresses below:Through Executive Decree No. 198 of May 7th, 2021, Panama creates the Short Stay Visa for Remote Workers.