Table of Contents
What are the average working hours in Panama?
– The maximum working hours in Panama are 48 hours per week .
Read more: Infographic: Working Hours In Latin America By Country 2025
What is the minimum wage in Panama?
– The minimum wage in Panama is of USD 635 aprox. in 2025.
What are the mandatory onboarding documents when hiring new employees in Panama?
- The onboarding documents for new employees in country can include:
National ID card or passport - Work visa or residence permit
- Social security number (SSN) or equivalent
- Tax identification number (TIN)
- Bank account details
- Academic certificates and diplomas
- Previous employment references or experience letters
- Medical exam
How much is the average annual bonus in Panama?
One month’s salary divided into three equal parts.
Paid on April 15, August 15, and December 15.
What types of work permits and visas are required in Panama?
- Initial Process:
- Residency visa → Work permit (only after residency granted).
- Process now partially online (MITRADEL).
- Documents:
- Health cert, apostilled police record, power of attorney, employment contract, social security enrollment.
- Cost:
- Legal fees: $2,000–$3,500.
- Gov. fees: $1,500–$2,000.
- Processing Time: 2 to 6 months.
What are the mandatory employee leaves in Panama?
Annual leave
Entitlement: 30 days per 11 months (1 day every 11 worked).
Eligibility: After 11 months.
– Maternity Leave
- 14 weeks total (6 before + 8 after).
- Full pay during leave.
Paternity Leave
- 3 business days post-birth or adoption.
Adoption Leave
- Mother: 4 weeks paid.
- Father: 2 weeks (deducted from vacation).
