🇵🇦 How to Apply for the Panama Digital Nomad Visa
On May 7th, 2021, the Panamanian government created the Panama Digital Nomad Visa for those interested in relocating to Panama territory.
This visa allows remote workers from all over the world to stay in Panama for up to 9 months and take advantage of its incredible country whilst working for a foreign company.
This article will summarize the four most important steps to successfully apply for the Panama Digital Nomad Visa. So let’s get started.
Make sure you pick the right medical coverage
Lau
What is a Digital Nomad Visa
A Digital Nomad Visa is a visa for remote workers. It is designed for self-employed professionals, entrepreneurs, digital nomads, freelancers and remote workers from around the world who want to live and work in a foreign country.
To be approved for a digital nomad visa, you must demonstrate that your income is generated remotely through employment, entrepreneurship or freelancing.
You will also have certain limitations or a complete ban on working for local entities, so its important to understand what's allowed and more importantly what's not.
Requirements for the Panama Digital Nomad Visa
📄 Valid Travel Document
At least three months validity from the date of arrival in the country.
💶 Proof of Remote Income
You must be able to prove sufficient income from either:
- Valid working contract with a foreign company
- Owning a business with clients outside the country
- Becoming an independent freelancer and earning an income through providing services to international customers.
💰 Meet the Minimum Monthly Income
Self-employed applicants must meet the minimum annual income requirement of $3,000 per month.
One must submit bank certification and authenticated bank statements to establish proof of sufficient income and funding.
🏴☠️ Clean Criminal Record
You must provide a clear criminal record from your country of residence.
⛑ Medical Insurance
A valid medical insurance policy that provides coverage during your stay.
4 Most Important Steps when Applying for the Panama Digital Nomad Visa
💥 Step 1: Gather all the required documents
For a successful start, gathering all the required documents is essential. Contacting the Panama embassy is a wise decision to gain insight into the documents needed for your country, as they may differ significantly.
However, use the list below as an indication of what you'll need to put together.
Gather the following documents listed below to understand what is required:
- A completed application form
- Copy of Passport
- Three Passport-Sized Photographs
- Proof of Income with Certified Bank Statements
- Remote Work Verification
- Document of Health Insurance Protection
- Certified Criminal Background Check
- Signatory Oath Promising Not to Participate in Regional Business Ventures
✔️ Step 2: Submit an online application
Having attained all of the essential documents and authenticated them with a notary, you can now move on to complete your application.
Your legal representative will be able to assist you in filling out the application and making sure it is correctly submitted.
💰 Step 3: Pay the Application Fee
The visa fee comprises two parts:
- $250 for the National Immigration Agency
- $50 for the Visa Card.
⏳ Step 4: Wait for Approval
After submitting your application, expect your letter of approval in just a few short weeks! 🥳
Panama Digital Nomad Visa at a Glance
For those of you who like summaries tables, we've put the most important information of Panama's Digital Nomad Visa below.
Income Requirement $3,000 per month Duration of Visa Nine months (possible to extend by nine months) Cost of Visa $300 Processing Time 30 days Family Allowed on Visa No Ease of Applying 6/10 Tax Obligations None Global Peace Index Ranking 47/163
🌴 Why Panama is a great place for Remote Workers
Panama offers all the charm and beauty of Latin America with its stunning beaches, lush jungles, vibrant cities and friendly locals.
The country also boasts a low cost of living while offering various incentives to remote workers, such as tax exemptions, visa-free travel within Central America, and access to world-class healthcare facilities.
Panama is the perfect destination for digital nomads looking for a vibrant atmosphere with easy access to co-working spaces and other amenities.
You can work with a stunning skyline view or take your laptop to one of the many idyllic beaches outside the city to get some fresh air while you work. It is the perfect destination to experience the best of both worlds.
Time to start packing!
Lau
F.A.Q
How do I get a digital nomad visa in Panama?
To get the Panama digital nomad visa, you must meet the eligibility criteria and submit an application. This can be done through the Panamanian National Immigration Service with the help of an immigration lawyer.
Can I live in Panama and work remotely for a US company?
Yes, you can work remotely for a US company whilst living in Panama. Before beginning your remote job, you must register with the Panamanian government and apply for a digital nomad visa.
What is the cost of living in Panama?
The cost of living in Panama is relatively low and depends on your lifestyle and in which area you live. Rent prices are relatively affordable, and Fruit, vegetables, and fresh fish are abundant and inexpensive.
Do I need a criminal record check for the Panama digital nomad visa?
Yes, a criminal record check is required for the digital nomad visa. This must be done through your country’s embassy or consulate and authenticated with the Panamanian Embassy.
Is Panama safe?
The country is generally considered safe, but as with any destination, caution should always be taken. Panama has a relatively low crime rate compared to other central American countries.
Who qualifies for a digital nomad visa?
Anyone who can prove that they are a remote worker and can demonstrate sustainability in Panama will be eligible for the digital nomad visa.
Is Panama good for digital nomads?
Yes, Panama is great for remote workers as it offers a low cost of living and various incentives such as tax exemptions and visa-free travel within Central America.
How long is a work permit in Panama?
The work permit in Panama is valid for up to nine months and can be extended for another nine months for qualified remote workers.
Are there any tax benefits of being a digital nomad in Panama?
Digital nomads do not have an income from the Panama territory. Therefore, they are free from income taxes in Panama. But you might pay taxes in your home country. After staying in Panama for more than six months, you can apply for tax residency. As a result, you can potentially avoid paying taxes in your home country.
Is there a remote work culture in Panama City?
Yes, there is a thriving remote work culture in Panama City. The city centre is popular for digital nomads working remotely, thanks to its vibrant atmosphere and towering skyscrapers. The streets are bustling with professionals seeking success in the city’s hustle and bustle. With the abundance of coworking spaces and cafes equipped with free wifi, it’s simple to settle in and work.