Personnel hired by a branch of a Multinational Company

Panama has become a key destination for multinational companies, attracting skilled professionals worldwide. The Permanent Resident Visa is designed for foreign personnel working in branch offices of multinational companies, allowing them to reside and work legally in the country.

At Delvalle & Delvalle, we specialize in guiding professionals through the immigration process, ensuring a smooth and hassle-free experience. This article will explore who qualifies for this visa, the requirements, the application process, and the benefits of obtaining it.

Foreigners that work as trusted workers, technicians or coaching in branch offices of Multinational Companies, whose income comes from a source abroad may apply for this permit, under Law 41 of 2007.

This visa will be granted for up to six (6) years, and may be extended yearly.

Requirements:

• Police and Criminal Records, issued in the place of residence for the last two (2) years, duly stamped, sealed and authenticated by a Panamanian consulate.
• Original passport with a minimum of 6 months left of validity.
• Four (4) carnet sized pictures.
• Certification issued by the Technical Secretariat of the Multinational company branch office License Commission, where it states that the applicant is insured by an individual or collective health insurance and that the company is authorized under the special regimen established with Law No. 41 of 2007
• Letter of responsibility of the company that states the position, functions, salary and that the source of said salary is abroad

In case of dependents:

• Marriage and birth certificates for any children under the age of twenty five (25) that depend on the applicant, duly sealed and authenticated by a Panamanian Consulate.
• A letter of responsibility for the dependents. (Model provided by Delvalle & Delvalle)

Who Can Apply for This Visa?

This visa is specifically designed for foreign personnel working in a branch office of a multinational company registered under Panama’s unique Multinational Headquarters (SEM) regime. The applicants must meet the following criteria:

• Be trusted employees, technicians, or coaches in a multinational company branch.
• Have a salary paid from a foreign source (outside of Panama).
• Be insured under the company’s individual or collective health insurance policy.

This visa provides a legal pathway for foreign professionals to live and work in Panama while employed by a multinational company. It is particularly beneficial for highly skilled workers who play a key role in their organization’s expansion in Panama.

Visa Duration and Renewal

The Permanent Resident Visa for multinational company employees is initially granted for up to six (6) years. However, it is not issued as a single-term visa; it must be renewed annually until the six-year limit is reached.

Renewal Process

Each year, visa holders must submit a renewal application, which includes:

• Updated proof of employment with the multinational company.
• Confirmation that the salary continues to be paid from a foreign source.
• Verification of active health insurance coverage.

Failure to renew the visa on time may result in penalties or even the loss of residency rights in Panama. Staying informed about renewal deadlines is crucial to maintain uninterrupted legal status.

Benefits of This Visa

Obtaining a Permanent Resident Visa under the Multinational Headquarters (SEM) regime offers several advantages for foreign professionals and their families.

Key Benefits for Visa Holders

• Legal Residency in Panama—The visa allows applicants to live and work in Panama for up to six (6) years.
  
• No Local Income Tax – Since the applicant’s salary is paid from a foreign source, it is not subject to Panamanian income tax.
  
• Multiple Renewals – The visa can be renewed annually for six years.
  
• Family Inclusion—Spouses and children under 25 can be included as dependents, allowing families to live together.
  
• Ease of Travel – Visa holders can enter Panama freely without additional permits.
  
• Access to Banking & Services – Residency status facilitates opening bank accounts, obtaining driver’s licenses, and accessing local services.

For foreign professionals working in multinational companies, this visa provides a stable legal framework and a smooth transition to living in Panama. Delvalle & Delvalle ensures a seamless application process by offering expert legal guidance every step of the way.

Securing a Permanent Resident Visa in Panama is an excellent opportunity for foreign professionals working in multinational companies. This visa provides legal residency, tax benefits, and the ability to include dependents, making it an excellent choice for those looking to live and work in Panama.

The application process requires proper documentation and compliance with legal requirements, so having expert legal guidance is crucial. Delvalle & Delvalle specializes in immigration services, ensuring a smooth and efficient process for applicants and their families.

If you’re considering applying for this visa, contact Delvalle & Delvalle today for professional assistance and personalized legal support.