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Visa for Temporary Visitor - Executives of Foreign Companies
It is possible for executives of foreign companies to obtain visas for Panama
for a limited time. Generally, these visas are granted for a one-year
period. It is necessary that these persons occupy management positions
(Executive, Representative, CEO),
and also that the foreign company either: a) be registered in Panama as a foreign company
in the Public Registry and the Ministry of Commerce or b) proof be provided of
the existence of the foreign company that is satisfactory to the Immigration
Department. The salary of the executive should be paid from the
international company, and must be more than US$1,000.00.
The executive who is granted a Temporary Visitor Visa may obviously not work
for another company while here. The immigration department may do periodic
inspections of the company's local offices to check on this.
[Requirements] [Process
in a Nutshell] [Fees
and Costs]
In order to apply for this visa, the client should provide
Gray & Co. with the following documents:
-
General
requirements for all Visas
-
Authenticated Employment letter.
-
Authenticated
Certificate of Good Standing for the foreign company.
-
Banking reference letter in favour of the company (not
the executive)
The employment letter must detail the following:
 |
confirmation that the applicant is an executive of the
company, specifying the nature and attributes of the role, and the title;
|
|
confirmation that the salary (at least USD $1,000.00) earned by the executive is
from overseas, that this is not Panamanian-source income, and the amounts
and form of payment (i.e. wire transfer from the headquarters in XYZ, sent
to the applicant's account in Panama); |
|
That the company is responsible for all expenses of the
executive in Panama, and that the company undertakes to inform the
Immigration Department should they decide to close their office in Panama or
terminate the labour relationship with the applicant, and cover any
repatriation expenses which the applicant may have; and |
|
How long they estimate that the applicant will be working
in Panama as an executive. |
The banking reference should be issued by a Panamanian or
International bank,
either for the applicant or the Company that he is working for, and should
indicate how long the account has been in existence.
|
The applicant will need to register at the Immigration
Department. They must be here in person to do so (this is not
something that we can process on the client's behalf). |
|
Once we have all of the documentation together, duly
authenticated and translated to Spanish, we will present the visa
application. |
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The applicant will then be issued with a 3-month
processing card by the immigration department. This requires a
personal visit by the applicant to the immigration department.
|
|
If the applicant travels frequently, it will also be
necessary to get a
multiple entry/exit permit, for 3-months. |
|
Once the visa has been approved, the applicant will
receive a one-year visa. They will also receive a carnet, which will
require another personal visit to Immigration. We will, at this stage,
request a one-year multiple entry/exit permit for the applicant.
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If the applicant has dependents (i.e. spouse or children),
then please
contact us regarding details and requirements.
Renovation of the Visa:
After the first year, you may apply for a renewal, giving you
another year (for up to a maximum of 6 years temporary residence in Panama).
For renewal, you should provide us with the
documents listed above in requirements, with the
following exceptions:
-
The company letter (employment letter) MUST be issued by
the company branch office here in Panama (by this stage it must be duly
registered in Panama as a branch);
-
Certificate of Good Standing from the public registry,
showing that the company is now registered as a foreign company doing
business in Panama.
-
Your expired immigration card.
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Last modified
12-Aug-2009 10:20 -0400
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