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International Company Executive Temporary Residence

PanamaWork

Explore the five recorded questions, answers and sources for this pathway.

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What type of worker, employment situation, occupation or professional activity is this pathway actually designed for?

The pathway is designed for a foreigner who enters Panama temporarily as an executive or representative at a directive-operative level of international foreign companies with branch or representative offices in Panama and a parent company abroad.

See recorded sources
  • Artículo 144
    el extranjero que ingresa al territorio nacional temporalmente como ejecutivo o representante de nivel directivo-operatorio de empresas extranjeras de carácter internacional con oficinas filiales o de representación en Panamá que tengan una casa matriz en el extranjero

Does the applicant need a job offer, employer, sponsor, transfer relationship or other employer involvement? What is important about that employer relationship?

The applicant must be an executive or representative of an international foreign company with a branch or representative office in Panama and a parent company abroad. The employer relationship is central: the company must have a parent abroad, a branch or representative office in Panama, and the applicant's salary must not come from Panamanian sources.

See recorded sources
  • Artículo 144
    el extranjero que ingresa al territorio nacional temporalmente como ejecutivo o representante de nivel directivo-operatorio de empresas extranjeras de carácter internacional con oficinas filiales o de representación en Panamá que tengan una casa matriz en el extranjero
  • Requisito 9.b
    Salario que devenga que no puede ser inferior a dos balboas (B/.2,000.00) mensuales y que el mismo no proviene de fuente panameña.

What are the few decisive professional characteristics of the pathway: occupation, qualifications, experience, salary, skill level, shortage status, labour-market condition or equivalent?

The decisive professional characteristics are: the applicant must be an executive or representative at a directive-operative level; the salary must be at least B/.2,000.00 monthly and must not come from Panamanian sources; the parent company or branch must have been founded at least ten years; and the company must provide financial statements for the last two years.

See recorded sources
  • Artículo 144
    ejecutivo o representante de nivel directivo-operatorio
  • Requisito 9.b
    Salario que devenga que no puede ser inferior a dos balboas (B/.2,000.00) mensuales y que el mismo no proviene de fuente panameña.
  • Requisito 11
    La casa matriz o filial deberá tener al menos diez (10) años de fundada.
  • Requisito 12
    Debe aportar además Estados financieros de los últimos dos (2) años de la casa matriz o filial en Panamá.

What work does the permission allow? Is the holder tied to an employer, occupation or sector? Can family accompany where clearly established?

The permission is for a foreigner who enters temporarily as an executive or representative of an international company. The document does not state whether the holder is tied to a specific employer, occupation or sector, nor whether family members can accompany.

See recorded sources
Limits of the record
  • The document does not specify the work rights granted by the permission, such as whether the holder may work only for the sponsoring company or in a specific role.
  • The document does not state whether family members can accompany the holder.
  • Artículo 144
    el extranjero que ingresa al territorio nacional temporalmente como ejecutivo o representante de nivel directivo-operatorio de empresas extranjeras de carácter internacional con oficinas filiales o de representación en Panamá que tengan una casa matriz en el extranjero

How long is the permission normally granted for, how is it renewed, and what longer-term residence direction exists if officially stated?

The document does not state the duration of the permission. It provides for renewal (prórroga) by presenting the same requirements except the criminal record certificate. No longer-term residence direction is mentioned.

See recorded sources
Limits of the record
  • The document does not state how long the permission is normally granted for.
  • The document does not mention any longer-term residence direction.
  • REQUISITOS PARA SOLICITAR PRÓRROGA
    Para solicitar prórroga, deberá presentar los requisitos mencionados en el artículo anterior con excepción del Certificado de Antecedentes Penales.

These are the answers currently recorded in the catalogue. A missing or partial answer is not an eligibility decision.

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