Rank #72
Panama
Central America • UTC-5 • America/PanamaMonthly Cost
$1,374
-37% vs USA
Internet
43 Mbps
Mobile Avg
Monthly Cost
$1,374
-37% vs USA
Internet
43 Mbps
Mobile Avg
Digital Nomad Visa
A temporary visa for remote workers and digital nomads who earn income from outside Panama and wish to reside in the country for up to 18 months.
Min. Income
$3,000/month
Remote Income
Processing
1–3 Months
Average Time
Validity
9 Months
Renewable Once
Citizenship
N/A
No Direct Path
Eligibility & Required Docs
Eligibility Requirements
Proof of remote work for a foreign company or self-employment with foreign clients- Minimum income of $3,000 USD per month (or $4,000 for families)
- Valid health insurance covering Panama
- Clean criminal record
- Valid passport with at least 6 months validity
Required Documents
- Passport copy
- Criminal record certificate (apostilled)
- Bank statements (last 6 months) showing income
- Employment contract or client agreements
- Health insurance policy
- Affidavit of remote work
- 4 passport-sized photos
Residency Rules
Taxation
Digital Nomads are considered non-tax residents for their foreign-sourced income. Only income generated from activities within Panama would be subject to Panamanian tax, which is generally not the case for remote workers on this visa.
Physical Presence
The visa allows for continuous stay in Panama for its validity period (9 months, renewable once). There is no specific minimum stay requirement, but the intent is for the applicant to reside in Panama.
Advantages
- Foreign-sourced income is not taxed in Panama
- Relatively quick processing time
- Ability to live and work legally in Panama for up to 18 months
- No need to establish a local company or get a local job
Disadvantages
- Temporary visa with no direct path to permanent residency
- Income requirement is higher than some other nomad visas
- Health insurance is mandatory
- Cannot work for Panamanian companies
Compare with
ColombiaDigital Nomad Visa
MexicoTemporary Resident Visa
PortugalD8 Digital Nomad Visa