SEM VISA PROGRAM FOR MULTINATIONAL COMPANIES

This visa can be requested by a company hiring foreign workers for administrative & executive positions. SEM visa grants a period of five (5) years visa and it can be renewed multiple times without limitation. In addition, SEM visa holders are not required to apply for work permit.

Benefits of SEM Visa

The SEM (Sede de Empresas Multinacionales) visa in Panama offers significant tax exemptions and expedited immigration benefits for foreign executives and their families. Key advantages include 100% exemption from income tax and social security on salaries, exemption from import taxes on household goods, and a 5-year, renewable residency permit without the need for a separate work permit. 

SEM VISA TYPES


A. SEM Permanent Visa: It grants up to five (5) years with the possibility of being extended for another five (5) years.
B. SEM Temporary Visa: It grants up to three (3) months with the possibility of being extended for another three (3) months.
C. SEM Visa for special events: Individuals that requires a Visa to enter Panama.

Residency requirements;

  1. Valid passport
  2. Police clearance report from the country of origin (apostilled)  
  3. Certificate of good health by a Panama doctor 
  4. Letter of employment and responsibility from the SEM company signed by the legal representative. The letter should include the designated position, duration of the contract, duties to be performed, salary, source of salary, indicate the insurance to which the employee will belong, and state the company’s responsibility for repatriation if necessary.
  5. Certification of a medical insurance policy, whether collective or individual.
  6. Certification issued by the Secretary of the Multinational Company confirming the employment

  • SEM: Temporary visa for dependent of permanent staff 

This visa is applicable to spouses or partners united for a minimum of five years under conditions of singularity and stability, children under eighteen years of age and up to twenty-five years of age, provided they are studying regularly and are financially dependent on the permanent staff of Multinational Company Headquarters, disabled children living with them, and parents of said personnel, who remain in the national territory under the responsibility of the main applicant. These visas will be valid for the same term as the one granted to Permanent Staff SEM.

  1. SEM VISA: Temporary visa will be granted to temporary staff 

  1. SEM VISA: Permanent visa will be granted to an individual 

GET IN TOUCH WITH OUR TRUSTED IMMIGRATION ATTORNEYS FOR SEM  VISA PROGRAM

PANAMA residency visa

EMAIL: CUSTOMER@PANAMALEGALCENTER.COM

WHATSAPP: +(507) 6404-0388

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