1. What is the Digital Nomad Visa for Panama?

The Digital Nomad Visa for Panama is a special visa program that allows individuals who work remotely to reside in Panama for up to 18 months. It was created in response to the growing trend of people working remotely and traveling while doing so, also known as “digital nomads.” This visa program aims to attract these individuals to come and live and work in Panama, contributing to the country’s economy and diversity.

2. Who is eligible for the Digital Nomad Visa for Panama?

To be eligible for the Digital Nomad Visa for Panama, applicants must meet the following requirements:

– Be at least 18 years old
– Have a full-time remote income or business based outside of Panama, such as online work, freelancing, or owning an e-commerce business
– Provide proof of a minimum monthly income of $1,000 USD
– Have a valid passport with at least one year remaining
– Hold a round-trip ticket or demonstrate the ability to leave Panama when the visa expires
– Show proof of public or private health insurance coverage during their stay in Panama
– Not have any criminal record
– Not intend to seek employment in Panama

3. What are the benefits of the Digital Nomad Visa for Panama?

The Digital Nomad Visa offers several benefits to its holders:

– Legal and hassle-free stay in Panama for up to 18 months
– Easy application process compared to other types of visas
– Option to renew the visa for an additional 18 months after it expires
– The ability to bring dependents (spouse and children) under this visa program

Other benefits may include access to banking options and tax incentives for foreign income.

4. How does one apply for the Digital Nomad Visa for Panama?

To apply for the Digital Nomad Visa, applicants must follow these steps:

1. Check eligibility: Before starting the application process, make sure you meet all the requirements listed above.

2. Gather required documents: The documents needed for the application include a valid passport, proof of income, proof of accommodation in Panama, health insurance coverage, and a police clearance certificate.

3. Submit an online application: The visa application must be completed online through the National Immigration Service (SNM) website.

4. Pay the application fee: The visa application fee is $250 USD for individuals and $300 USD for families.

5. Await approval: After submitting all the required documents and paying the fee, you will receive a response within 15-30 days from the SNM.

6. Obtain your visa: If your application is approved, you can obtain your Digital Nomad Visa at any Panamanian consulate or embassy in your home country.

5. Can I work for a Panamanian company with this visa?

No, the Digital Nomad Visa explicitly forbids holders from obtaining employment or providing services to companies or individuals in Panama. This visa program is designed only for those who work remotely for foreign companies or have their own business outside of Panama.

2. Who is eligible to apply for the Digital Nomad Visa in Panama?

The Digital Nomad Visa in Panama is open to individuals from all nationalities who meet the following criteria:

– Must be at least 18 years old
– Must have a remote job or be self-employed, earning a minimum of $1,000 per month
– Must provide proof of health insurance coverage for the duration of stay in Panama
– Must have a passport with at least one year validity remaining
– Must not have any criminal record or pending charges
– Must be able to show proof of financial stability and ability to support oneself during their stay in Panama. This could include bank statements, tax returns, or proof of income.

3. How long does the Digital Nomad Visa last and how many times can it be renewed?

The duration of the Digital Nomad Visa varies depending on the country. For example, Estonia’s digital nomad visa is valid for up to one year, while the Bahamas’ digital nomad visa is valid for up to two years. In most cases, the visa can be renewed as long as the individual still meets all eligibility requirements. However, it’s important to check with the specific country’s immigration policies for more information on renewal periods and requirements.

4. Is there an age limit for applicants of the Digital Nomad Visa in Panama?

There is no specific age limit for applicants of the Digital Nomad Visa in Panama. As long as individuals meet the eligibility criteria and requirements, they can apply regardless of their age.

5. Can I bring my family with me on the Digital Nomad Visa?

The Digital Nomad Visa is intended for individuals and not for families. However, if your family members also meet the eligibility criteria and can support themselves financially, they may also apply for the visa independently. Each individual will need to apply separately and meet all requirements on their own.

6. What are the requirements to apply for the Digital Nomad Visa in Panama?

The requirements to apply for the Digital Nomad Visa in Panama include:

1. Proof of sufficient income: Applicants must demonstrate a minimum monthly income of at least $3,000 USD from remote work or freelance activities.

2. Valid passport: Applicants must have a valid passport with at least one year remaining before expiration.

3. Travel insurance: Applicants must provide proof of travel insurance that is valid for the duration of their stay in Panama.

4. Background check: Applicants are required to pass a criminal background check from their home country and any country they have resided in for the past two years.

5. Medical certificate: Applicants must provide a medical certificate proving they are in good health and do not have any contagious diseases.

6. Proof of accommodation: Applicants need to provide proof of accommodation during their stay in Panama, such as a rental agreement or hotel reservation.

7. Application fee: The application fee for the Digital Nomad Visa is $250 USD, which is non-refundable.

8. Application form and documents: Applicants will need to complete an application form and submit all required documents as outlined by the Panamanian government, including copies of financial statements and legal documents related to their remote work or freelance activities.

It is recommended to consult with the nearest Panamanian consulate or embassy for specific requirements and instructions on how to apply for the Digital Nomad Visa in Panama.

7. Do I need to have a job offer or be self-employed to qualify for the Digital Nomad Visa?

No, you do not need to have a job offer or be self-employed to qualify for the Digital Nomad Visa. As long as you can prove that you have a steady income and sufficient funds to support yourself during your stay, you may be eligible for the visa. This income can come from online work, investments, savings, or any other legal source. However, some countries may require proof of employment or a viable business plan in order to approve your application. It is important to research the specific requirements of the country you are interested in before applying for the visa.

8. Is it mandatory to work remotely while on the Digital Nomad Visa in Panama?

As of now, there is no official statement that states that it is mandatory to work remotely while on the Digital Nomad Visa in Panama. However, the visa is intended for individuals who are working remotely and living in Panama, so working remotely would be expected while on this visa.

9. Are there any restrictions on working for Panamanian companies while on the Digital Nomad Visa?

There are no specific restrictions on working for Panamanian companies while on the Digital Nomad Visa. However, it is important to note that the main purpose of this visa is for individuals to work remotely for foreign companies while residing in Panama. If you plan to work for a Panamanian company, you may need to obtain a separate work permit or residency visa. It is recommended to consult with an immigration lawyer or the Panamanian Immigration authorities for more information and guidance.

10. What are the benefits of having a Digital Nomad Visa in Panama?

1. Long-term Stay: The Digital Nomad Visa in Panama allows individuals to stay in the country for up to 18 months without having to leave or apply for a visa extension.

2. Work Flexibility: With this visa, digital nomads have the freedom to work from anywhere in Panama, whether it is a beach town or a bustling city.

3. No Income Tax: One of the biggest benefits of the Digital Nomad Visa in Panama is that there is no income tax on foreign-sourced income. This means that digital nomads can keep more of their earnings and invest back into their business.

4. Cost of Living: Panama is known for its low cost of living compared to other countries, making it an attractive destination for digital nomads looking to stretch their budget.

5. Accessible Location: As a hub for international flights, Panama’s central location makes it easy to travel to and from other countries without spending too much on airfare.

6. Business Opportunities: The government of Panama welcomes foreign investment and entrepreneurship, making it easier for digital nomads to start their own business or collaborate with local companies.

7. Safety and Security: Panama has one of the lowest crime rates in Latin America, providing digital nomads with a safe and secure environment to live and work in.

8. Modern Infrastructure: With reliable internet connectivity and modern amenities, digital nomads can easily set up their remote office in Panama without any hassle.

9. Cultural Experiences: From indigenous communities and beautiful beaches to vibrant cities and rich history, Panama offers a diverse range of cultural experiences for digital nomads who want to immerse themselves in new cultures while working remotely.

10. Opportunity for Permanent Residency: After three years on the Digital Nomad Visa, individuals may apply for permanent residency in Panama, giving them the option to make this tropical destination their permanent home if they choose.

11. How do I apply for the Digital Nomad Visa in Panama?

To apply for the digital nomad visa in Panama, you will need to follow these steps:
1. Start by researching the requirements and eligibility criteria for the digital nomad visa in Panama. The requirements may vary depending on your nationality, but they generally include proof of income, health insurance, and a criminal background check.

2. Obtain all necessary documents, including your passport, proof of income (such as bank statements or freelance contracts), health insurance coverage for your time in Panama, and a clean criminal record certificate from your home country.

3. Fill out the online application form on the official website of Panama’s National Immigration Service (SNM).

4. Once you have completed the form and gathered all required documents, submit your application through the online system.

5. Pay the application fee online and wait for a response from SNM. The processing time can take a few weeks to several months.

6. If your application is approved, you will receive a notification to pay the remaining fees (such as residence permit fee and work permit fees) before receiving your digital nomad visa.

7. Once you have paid all required fees, SNM will issue your digital nomad visa electronically to your email address.

8. You must enter Panama within 15 days after receiving your electronic visa and complete any necessary immigration procedures upon arrival at one of Panama’s ports of entry.

9. Your digital nomad visa will be valid for up to 18 months from the date of issue. If you wish to extend it beyond this period, you must contact SNM before its expiration date.

10. Keep in mind that with your digital nomad visa in Panama, you are not allowed to work for local employers or engage in any business activities involving Panamanian residents.

11. It is recommended to consult with an immigration attorney or agency specializing in digital nomads visas in Panama for assistance with the application process and any questions you may have.

12. How long does it take to process and receive a decision on a Digital Nomad Visa application?

The processing time for a Digital Nomad Visa application will vary depending on the country and their specific visa process. It is best to check with the relevant embassy or consulate for the most up-to-date processing times.

Generally, the application process may take a few weeks or even months. It is important to gather all necessary documents and information and submit a complete application to avoid any delays in processing. Once a decision has been made, the applicant will typically be notified via email or through the online visa tracking system, and a decision letter may be mailed to them if approved.

13. Is there a quota or limit on how many Digital Nomad Visas are issued each year in Panama?

At this time, there is no official quota or limit on how many Digital Nomad Visas can be issued in Panama each year. However, the government reserves the right to limit the number of visas issued if necessary.

14. Can I change my visa status from tourist or other type to a Digital Nomad Visa?

It depends on the requirements and regulations of the country offering the Digital Nomad Visa. Some countries may allow individuals to change their visa status, while others may require them to apply for the Digital Nomad Visa directly. It is best to check with the immigration authority of the respective country for more information.

15. Are there any tax implications for holders of the Digital Nomad Visa in Panama?

As a foreigner who is not considered a resident for tax purposes in Panama, holders of the Digital Nomad Visa are not subject to income taxes on foreign-sourced income. However, they may still be required to pay taxes in their home country for income earned while working remotely in Panama. It is important to consult with a tax professional to understand your specific tax obligations.

16. Can I travel outside of Panama while holding a Digital Nomad Visa?

Yes, you can travel outside of Panama while holding a Digital Nomad Visa. The visa allows for multiple entries and exits from the country during the validity period. However, keep in mind that you must spend at least 9 months out of the year physically present in Panama to maintain your visa status. If you exceed this limit, your visa may be revoked.

17. Do I need health insurance to apply for the Digital Nomad Visa in Panama?

No, health insurance is not listed as a requirement for the Digital Nomad Visa in Panama. However, it is always recommended to have adequate health insurance coverage while traveling.

18. Can I study or attend classes while on the Digital Nomad Visa?

Yes, you can study or attend classes while on the Digital Nomad Visa. However, you will need to make sure that your studies do not interfere with your ability to fulfill the requirements of the visa, such as earning an income while in the country. Additionally, if you plan to study for an extended period of time, you may need to consider applying for a different type of visa specifically for students. It is important to check with the immigration authorities and the school or program you wish to attend before making any commitments.

19.Can I apply for permanent residency through the Digital Nomad Visa program in Panama?

No, the Digital Nomad Visa program in Panama is not a pathway to permanent residency. It is a temporary visa that allows individuals to live and work remotely in Panama for a designated period of time.

20.Does Panama have plans to extend or improve its digital nomads program beyond 2021?

At this time, it is not clear if Panama has plans to extend or improve its digital nomads program beyond 2021. The initial program was announced as a temporary measure to help boost tourism during the COVID-19 pandemic, but it may be extended or modified depending on its success and feedback from participants. It is recommended to check with official sources such as the Panama Tourism Authority for updates on the program.