Panama | Staging.serviapglobal.com

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Panama: Your Gateway To Global Growth

Gain critical market insights and let us guide you through the complexities of international expansion.

Population

5,100,000

Country Capital

Panama City

Country Risk Index

Low

Languages

Spanish

Currency

Balboa (PAB) or United States Dollar (USD)

Table of Contents

What are the average working hours in Panama?

– The maximum working hours in Panama are 48 hours per [week].

What is the minimum wage in Panama?

– The minimum wage in Panama is of USD 635 aprox. in 2025.

What are the mandatory onboarding documents when hiring new employees in Panama?

The onboarding documents for new employees in Panama can include:

National ID card or passport
Work visa or residence permit
Social security number (SSN) or equivalent
Tax identification number (TIN)
Bank account details
Academic certificates and diplomas
Previous employment references or experience letters
Medical exam

Panama Business Insights

Downloadable Guides

Guides designed to help you navigate key aspects of global hiring.

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Case Studies

Real-world examples of how our expertise transformed global businesses.

Service provided

BPO and EOR

countries covered

5-400

workers per project

100%

compliance with safety laws

<30

days’ workforce scaling

Read Case➝

Service provided

Employer of record

20+

employees relocated

countries covered

100%

compliance with local laws

entity setup required

Read Case➝

Service provided

Recruitment process outsourcing

company areas filled

100%

regional compliance

<30

days special hiring turnaround

recruitment risks

Read Case➝

Service provided

Employer of record

countries covered

$150k

saved on entity setup

100%

compliant hiring

legal risks

Read Case➝

Service provided

PPO and EOR

+1,500

employees

100%

error-free salary and tax calculations

$9.7

billion industry

Read Case➝

Service provided

Employer of record

<15

days for recruitment

$103

billion industry

payroll management risks

Read Case➝

Payroll Simulator

Estimate global salaries by automatically factoring in local taxes, benefits, currencies, and more.

Articles

Stay informed on the latest topics in the world of global expansion.

Panama: Your Gateway To Global Growth

What are the average working hours in Panama?

What is the minimum wage in Panama?

What are the mandatory onboarding documents when hiring new employees in Panama?

Panama Business Insights

Downloadable Guides

Managing a Global Workforce: 5 Essential Tips for Success

Why Latin America is the Next Big Tech Talent Hub

The 10 Best Places to Find Top Talent in Latin America

The Smart Way to Borderless Hiring: A Guide to PEO Services

Case Studies

Service provided

Service provided

Service provided

Service provided

Service provided

Service provided

Payroll Simulator

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