Relocating to Panama

More and more foreigners settle in Panama, requiring a wide range of different services.

Tuesday, February 15, 2011

According to preliminary data from 2010, more than 12.000 work permits were given to foreigners, including executives of multinational companies or those coming from other places in search of better opportunities.

Angel López Guía, from Martesfinanciero.com, details various procedures, services and decisions which must be made by newcomers, from the opening of bank accounts to buying a home.

"Unlike past decades, aliens entering the country are now here to stay. With this wave of immigration, the local production structure is constantly oiled. Expatriates are here to stay," concludes the article.

More on this topic

Increase in Spanish Migration to Panama

July 2013

In 2012, 648 new residency permits were granted to Spanish citizens, approximately double that of 2007, when the number was 350.

Driven by the growing economic crisis in the Iberian Peninsula, more and more Spanish people are coming to try their luck in Panama, attracted by the opportunities offered by the economic growth the country is experiencing.

Panama Concedes Immigration Amnesty

July 2010

Foreigners who have been in the country for more than two years will be able to legalise their status, subject to paying relevant fees.

The process, called “Panama, Crisol de Razas" (Melting Pot) will begin on 16 July in Atlapa and continue for four months, indicated the director of the country’s Immigration Service (SNM), María Cristina González.

The Miami of Central America

April 2009

Like Miami, Panama is a magnet for Latin Americans and Europeans, who in the past five years have come to the country to invest and work.

An article in Mipunto.com analyzed how the protection of the advantages that Panama offers so that capital and people will come and settle in the country brings tens of thousands of foreigners and hundreds of companies who then decide to stay, attracted by the climate, business environment, agility in starting a business, air transport facilities, and the effervescence caused by the economic expansion of the Canal and the development of the location as a logistics hub.

Panama is magnet for middle-class immigrants

May 2008

Panama's economic boom and political stability is proving a magnet for middle-class immigrants.

The trend can be seen in the large number of foreigners who hold senior positions in companies and of retirees flooding in from overseas, said Raul Moreira, president-elect of Panama's College of Economists.

 close (x)

Receive more news about Human Resources

Suscribe FOR FREE to CentralAmericaDATA EXPRESS.
The most important news of Central America, every day.

Type in your e-mail address:

* Al suscribirse, estará aceptando los terminos y condiciones


ATENAS: 13 HA, 1.5 KM from Highway 27, US$ 5.75/m2

Prime Lake Front Real Estate near ATENAS: Available for Development. An extraordinary commercial real estate opportunity has just become available.
The property is a mere two minutes or 0.9 miles or 1.5...

Stock Indexes

(Apr 6)
Dow Jones
-5.60%
S&P 500
-5.10%
Nasdaq
-5.64%

Commodities

(Jun 19)
Brent Crude Oil
74.62
Coffee "C"
116.70
Gold
1,281
Silver
16.53