Search
Contact
Login
Share this article
The Panamanian government issued a law decree expanding visa-exempt status for certain foreign nationals.
Key Points:
Additional Information: The maximum stay is 30 days. Holders of a valid U.S. permanent residence card will also qualify for the visa exemption. Foreign nationals should be prepared to show proof of economic solvency for a minimum of US$500 upon entering and have a minimum of three months of passport validity and a round-trip ticket.
This alert has been provided by the BAL Global Practice Group.
The Panamanian government has extended the deadline to renew expired residence permits.
Additional Information: Foreign nationals who have not renewed their residence permits and stayed beyond their expiration date have to pay $50 per month of overstay, either to leave the country or file for renewal.
BAL Analysis: Panamanian authorities have extended the deadline to renew expired residence permits to allow more foreign nationals to stay in the country legally.
This alert has been provided by the BAL Global Practice Group. For additional information, please contact berryapplemanleiden@bal.com.
Copyright © 2023 Berry Appleman & Leiden LLP. All rights reserved. Reprinting or digital redistribution to the public is permitted only with the express written permission of Berry Appleman & Leiden LLP. For inquiries, please contact copyright@bal.com.
The Panamanian government has introduced new travel requirements to mitigate the spread of COVID-19.
Analysis & Comments: The changes will add to the time it take to plan travel to Panama, especially for those traveling from South America. The response to the COVID-19 pandemic continues to develop, and Deloitte will provide additional updates as information becomes available.
Rest of World Source: Deloitte. Deloitte refers to one or more of Deloitte Touche Tohmatsu Limited (“DTTL”), its global network of member firms, and their related entities. DTTL (also referred to as “Deloitte Global”) and each of its member firms are legally separate and independent entities. DTTL does not provide services to clients. Please see www.deloitte.com/about to learn more. Deloitte Legal means the legal practices of Deloitte Touche Tohmatsu Limited member firms or their affiliates that provide legal services. For legal, regulatory and other reasons, not all member firms provide legal services. This includes Deloitte Tax LLP in the United States, which does not provide legal and/or immigration advice or services. This communication contains general information only, and none of Deloitte Touche Tohmatsu Limited, its member firms or their related entities (collectively, the “Deloitte network”) is, by means of this communication, rendering professional advice or services. Before making any decision or taking any action that may affect your finances or your business, you should consult a qualified professional adviser. No entity in the Deloitte network shall be responsible for any loss whatsoever sustained by any person who relies on this communication. © 2021. For information, contact Deloitte Touche Tohmatsu Limited.
Panama has introduced an online platform for foreign nationals living in the country to register for the COVID-19 vaccine.
Background: Panama received its first doses of the COVID-19 vaccine in January. Some countries have excluded foreign nationals from the vaccination process, but the government of Panama decided they would be included.
Analysis & Comments: The response to the COVID-19 pandemic continues to develop, and Deloitte will provide additional updates as information becomes available. Please check Deloitte’s COVID-19 Digital Map, available here, for information on travel restrictions and immigration changes in other countries.
Rest of World Source: Deloitte. Deloitte refers to one or more of Deloitte Touche Tohmatsu Limited (“DTTL”), its global network of member firms, and their related entities. DTTL (also referred to as “Deloitte Global”) and each of its member firms are legally separate and independent entities. DTTL does not provide services to clients. Please see www.deloitte.com/about to learn more. Deloitte Legal means the legal practices of Deloitte Touche Tohmatsu Limited member firms or their affiliates that provide legal services. For legal, regulatory and other reasons, not all member firms provide legal services. This includes Deloitte Tax LLP in the United States which does not provide legal and/or immigration advice or services. This communication contains general information only, and none of Deloitte Touche Tohmatsu Limited, its member firms or their related entities (collectively, the “Deloitte network”) is, by means of this communication, rendering professional advice or services. Before making any decision or taking any action that may affect your finances or your business, you should consult a qualified professional adviser. No entity in the Deloitte network shall be responsible for any loss whatsoever sustained by any person who relies on this communication. © 2021. For information, contact Deloitte Touche Tohmatsu Limited.
IMPACT – HIGH
The government of Panama has reopened commercial flights for citizens and residents with some restrictions. Limited humanitarian flights and flights for medical goods and appliances are currently allowed as well, however, the airport remains closed to the general public.
Analysis & Comments: Commercial air travel has been suspended in Panama since March. The government expects to reopen the airport by Oct. 12 to the general public, but it is only a projection, not a formal commitment. The response to the COVID-19 pandemic continues to develop, and Deloitte will provide additional updates as information becomes available. Please check Deloitte’s COVID-19 Digital Map, available here, for information on travel restrictions and immigration changes in other countries.
Rest of World Source: Deloitte. Deloitte refers to one or more of Deloitte Touche Tohmatsu Limited (“DTTL”), its global network of member firms, and their related entities. DTTL (also referred to as “Deloitte Global”) and each of its member firms are legally separate and independent entities. DTTL does not provide services to clients. Please see www.deloitte.com/about to learn more. Deloitte Legal means the legal practices of Deloitte Touche Tohmatsu Limited member firms or their affiliates that provide legal services. For legal, regulatory and other reasons, not all member firms provide legal services. This includes Deloitte Tax LLP in the United States which does not provide legal and/or immigration advice or services. This communication contains general information only, and none of Deloitte Touche Tohmatsu Limited, its member firms or their related entities (collectively, the “Deloitte network”) is, by means of this communication, rendering professional advice or services. Before making any decision or taking any action that may affect your finances or your business, you should consult a qualified professional adviser. No entity in the Deloitte network shall be responsible for any loss whatsoever sustained by any person who relies on this communication. © 2020. For information, contact Deloitte Touche Tohmatsu Limited.
The government has granted extensions for residence permit filing, as well as other immigration-related documentation.
Background: The international flight suspension, in force since March, will continue until June 22.
Rest of World Source: Deloitte. Deloitte refers to one or more of Deloitte Touche Tohmatsu Limited (“DTTL”), its global network of member firms, and their related entities. DTTL (also referred to as “Deloitte Global”) and each of its member firms are legally separate and independent entities. DTTL does not provide services to clients. Please see www.deloitte.com/about to learn more. Deloitte Legal means the legal practices of Deloitte Touche Tohmatsu Limited member firms or their affiliates that provide legal services. For legal, regulatory and other reasons, not all member firms provide legal services. This includes Deloitte Tax LLP in the United States which does not provide legal and/or immigration advice or services. This communication contains general information only, and none of Deloitte Touche Tohmatsu Limited, its member firms or their related entities (collectively, the “Deloitte network”) is, by means of this communication, rendering professional advice or services. Before making any decision or taking any action that may affect your finances or your business, you should consult a qualified professional adviser. No entity in the Deloitte network shall be responsible for any loss whatsoever sustained by any person who relies on this communication.
The government has halted all international flights, beginning March 22 and lasting 30 days.
Background: Panama is one of many Latin American countries that are closing their borders and restricting or halting air travel in an effort to mitigate the spread of the COVID-19 virus.
Analysis & Comments: Employers should anticipate serious disruptions to employee mobility. The response to the COVID-19 pandemic continues to develop, and Deloitte will provide additional updates as information becomes available.
Source: Deloitte. Deloitte refers to one or more of Deloitte Touche Tohmatsu Limited (“DTTL”), its global network of member firms, and their related entities. DTTL (also referred to as “Deloitte Global”) and each of its member firms are legally separate and independent entities. DTTL does not provide services to clients. Please see www.deloitte.com/about to learn more. Deloitte Legal means the legal practices of Deloitte Touche Tohmatsu Limited member firms or their affiliates that provide legal services. For legal, regulatory and other reasons, not all member firms provide legal services. This communication contains general information only, and none of Deloitte Touche Tohmatsu Limited, its member firms or their related entities (collectively, the “Deloitte network”) is, by means of this communication, rendering professional advice or services. Before making any decision or taking any action that may affect your finances or your business, you should consult a qualified professional adviser. No entity in the Deloitte network shall be responsible for any loss whatsoever sustained by any person who relies on this communication. © 2020. For information, contact Deloitte Touche Tohmatsu Limited.
IMPACT – HIGH The Panamanian government recently announced new travel restrictions to mitigate the spread of COVID-19.
Key points:
Analysis & Comments: The new travel restrictions will significantly impact travel to the Panama. It is possible further restrictions may be announced. Employers should account for affected travelers and rearrange travel schedules accordingly. Significant delays may occur for consular and in-country processing.
IMPACT – MEDIUM
What is the change? Panama has simplified the process for Reinstatement of Status applications.
What does the change mean? Permanent residents who have been outside of the country for more than two years, and no more than six years, can now apply for reinstatement without having to submit updated versions of the documents required in the initial permanent residence card application. Applicants for reinstatement must instead submit a copy of their passport, a notarized declaration explaining the reasons for travel, and copies of the permanent residence card and permanent residence card approval resolution through an authorized attorney within 30 business days of arrival in Panama.
Analysis & Comments: The change is good news for permanent residents applying for Reinstatement of Status, as they will no longer be required to collect and submit updated versions of the documents required during the initial application. Eligible nationals needing to submit a Reinstatement of Status should ensure that required documents are gathered far ahead of their travel, as an authorized attorney must still submit the application no later than 30 business days ahead of arrival.
Source: Deloitte. Deloitte refers to one or more of Deloitte Touche Tohmatsu Limited (“DTTL”), its global network of member firms, and their related entities. DTTL (also referred to as “Deloitte Global”) and each of its member firms are legally separate and independent entities. DTTL does not provide services to clients. Please see www.deloitte.com/about to learn more. Deloitte Legal means the legal practices of Deloitte Touche Tohmatsu Limited member firms or their affiliates that provide legal services. For legal, regulatory and other reasons, not all member firms provide legal services. This communication contains general information only, and none of Deloitte Touche Tohmatsu Limited, its member firms or their related entities (collectively, the “Deloitte network”) is, by means of this communication, rendering professional advice or services. Before making any decision or taking any action that may affect your finances or your business, you should consult a qualified professional adviser. No entity in the Deloitte network shall be responsible for any loss whatsoever sustained by any person who relies on this communication. © 2019. For information, contact Deloitte Touche Tohmatsu Limited.
What is the change? Panama has expanded the options for SEM visa holders seeking permanent residence.
What does the change mean? SEM visa holders will now have the chance to qualify for permanent residence after five years, without making the previously required investment, if they intend to continue working at an SEM company.
Background: Earlier this month, Panamanian officials issued a decree making it easier for foreign nationals working at multinational corporations in Panama (Sedes de Empresas Multinacionales or SEM countries) to obtain permanent residence. Under the decree, SEM visa holders can obtain permanent residence one of two ways.
Analysis & Comments: The change will ease the path to permanent residence for SEM visa holders. Previously, there were no permanent residence options for foreign nationals who continued working at an SEM company, only for those who stopped working and made the requisite $150,000 investment.
Source: Deloitte LLP. Deloitte LLP is a limited liability partnership registered in England and Wales with registered number OC303675 and its registered office at 1 New Street Square, London EC4A 3HQ, United Kingdom.