Project Finance - Foreign Employee Restrictions
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Are there any restrictions on foreign workers, technicians, engineers or executives being employed by a project company?
Panamanian law allows the contracting of foreign workers in a proportion of not more than 10% of the workforce, except for foreign technicians, whose percentage may increase up to 15%.
Liberal professions, such as lawyers, engineers, architects or doctors can only be practised by Panamanian citizens.
Other than the above, there are no other restrictions on foreigners being employed by a project company, provided that work permits issued by the Ministry of Labour and Labour Development are obtained first.
Project Finance in Panama – Key contacts:
MarÃa de Lourdes Marengo (mmarengo@pmalawyers.com) | Nadya Price (nprice@pmalawyers.com)
PATTON MORENO & ASVAT, the experienced legal guidance you can trust.