how to get the new short-stay visa for teleworkers

A New Short-Stay Visa for Teleworkers

The Government of Panama has issued, through Executive Decree No. 198 of May 7, 2021, a new Short Stay Visa for Remote Workers.

Any foreigner who meets the following conditions can apply to this visa:

  1. That he has an operating contract with a foreign transnational company or is an independent worker. The work must be done in a telework mode.
  2. To carry out functions that have their effects abroad.
  3. That he receives income from a foreign source and with an annual amount not less than Thirty-Six Thousand Dollars with 00/100 (US $ 36,000.00) or its equivalent in foreign currency.

This visa is particularly interesting for those individuals who are better known as digital nomads. Some of the advantages are:

  1. Those foreigners who are granted this visa will not require to obtain a work permit.
  2. Your income, being from a foreign source, will not be taxable by the Republic of Panama.
  3. The visa is granted for a term of nine (9) months, which translates into a stay of more than one hundred and eighty-three (183) days, enough time to apply for a tax residence certificate. 
    The visa can be extended only once, for an additional term of nine (9) months.

If you want to know more about this or other topics, do not hesitate to contact us at At CLD Legal we are here to serve you.

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