Thursday 23 September 2021

Panama creates a visa for foreigners to telework

Panama is looking to attract tourists with "extended stay" and digital nomads to stimulate the economy

Paying the bills


Why the billions in English are not like the billions in Spanish

What amount would you prefer to have saved in...

Health confirms 15 cases of malaria on the border with Nicaragua

QCOSTARICA - An outbreak of 15 people positive for...

Conditions worsen for Haitian migrants on US-Mexico border

Q24N - Conditions are deteriorating in a camp on...

Costa Rica, Panama and Dominican Republic seek a solution for Haiti

QCOSTARICA - Costa Rica President Carlos Alvarado, Luis Abinader...

Mexico finds a Latin American ally in Venezuela’s Maduro

Q24N - The recent summit of the Community of...
Paying the bills


Q24N – Panama created a temporary visa for remote foreign workers that seeks to attract tourists with “extended stay” and digital nomads, as part of the strategy to reactivate the economy, various media report.

Panama is looking to attract tourists with “extended stay” and digital nomads to stimulate the economy

The Visa de Corta Estancia como Trabajador Remoto (teletrabajo) – Short Stay Visa as a Remote Worker (telecommuting), with an approximate cost of $550, “would invigorate the economy by stimulating tourism, restaurants, shopping and consumption and services in general, resulting in a greater reactivation of jobs for the Panamanians,” the Panamanian government said in a statement.

- Advertisement -

The idea of ​​this new visa, which will be valid for up to 18 months, is to attract foreigners who can carry out their work remotely from Panama for companies not established in Panama, where by law the exercise of most professions and trades is reserved for nationals.

To apply, tourists must meet some requirements, among them, prove income from a foreign source of more than US$3,000 per month or US$4,000 per month per family.

The interested party must also have health insurance, present a letter from the foreign company for which they work or a contract with the company to which he or she provides professional services abroad, and an affidavit of non-acceptance of a job offer in Panamanian territory, among others.

The visa application can be processed online for an initial period of nine months that can be extended for a further nine months.

Before the pandemic, the tourism sector represented more than 4.5% of the Gross Domestic Product (GDP) directly and 14% indirectly, and generated more than 100,000 jobs in total in the national economy, according to figures of the central government.

As a result of the Covid-19 pandemic, the unemployment rate in Panama climbed from 7.1% registered in August 2019 to 18.5% as of last September, while the informal economy rose to close to 45% to more than 52%, according to official data.

- Advertisement -

- Advertisement -
Paying the bills
Q24N is an aggregator of news for Latin America. Reports from Mexico to the tip of Chile and Caribbean are sourced for our readers to find all their Latin America news in one place.

Related Articles

Costa Rica, Panama and Dominican Republic seek a solution for Haiti

QCOSTARICA - Costa Rica President Carlos Alvarado, Luis Abinader Corona of...

Group charged migrants US$22K to get them to the United States.

QCOSTARICA - A Costa Rican-Panamanian criminal structure charged migrants of 13...

Subscribe to our stories

To be updated with all the latest news, offers and special announcements.

Log In

Forgot password?

Forgot password?

Enter your account data and we will send you a link to reset your password.

Your password reset link appears to be invalid or expired.

Log in

Privacy Policy

Add to Collection

No Collections

Here you'll find all collections you've created before.