Hire and pay employees in Panama, hassle-free
With Deel, your business can easily hire employees in Panama. No more worrying about local laws, complex tax systems, or managing international payroll. Deel takes care of everything in 150+ countries. The average onboarding time frame in the Panama is 3 days with Deel.
Onboard, pay and manage employees in Panama with Deel
Usually, to hire in Panama, your business needs an entity. That means a local office, an address registered as a subsidiary, and an account with a local bank. All of this, plus navigating regional benefits, payroll, tax, and HR laws, can take months.
Now you can hire employees in Panama quickly, easily, and compliantly. Automate tax document collection, payroll, benefits, and more. For your existing direct employees, we can manage your entire payroll operation from end-to-end.
Currency Panamanian Balboa (PAB) & United States Dollar (USD)
Capital Panama City
Official language Spanish
Payroll cycle Monthly
All the necessary benefits for Panama built right in
Deel allows you to provide localized benefits for employees in Panama within minutes. All in one manageable online dashboard in a single HR platform.
- Pension Insurance
- Assurance maladie publique
- Sécurité sociale
- Assurance-chômage
- Allocation de télétravail
- Assurance accident du travail
- Couverture santé privée - Allianz (facultatif)
- Assurance vie mondiale - Allianz
Our quickstart guide to hiring in Panama
Navigate the tabs below to learn everything you need to know about hiring an employee in Panama
Exigences relatives au salaire minimum
The minimum wage will depend on the sector of the company and can range from USD 275 to USD 970. For Deel, the minimum monthly wage is USD 611.52.
Impôt sur le revenu des particuliers
L’impôt sur le revenu des particuliers varie de 0 % à 25 %. Il est calculé selon des taux progressifs.
| Revenu annuel brut | Taux d’imposition (%) |
|---|---|
| Up to USD 11,000 | 0 % |
| Up to USD 50,000 | 15 % |
| Over USD 50,000 | 25% |
Coût de la paie
The employer cost is generally estimated at 38% of the employee salary (inclusive of work-from-home allowance).
- Social security - 12.25%
- Educational security - 1.50%
- Professional risks - 2.10%
- 13e mois - 8,33 %
- Vacation pay - 9.09%
- Seniority premium - 1.92%
- Compensation - 0.33%
- Work-from-home Allowance USD 50
Ces coûts sont des estimations et ne sont indiqués qu’à titre d’information. Pour comprendre le mode de calcul des coûts et frais inhérents aux termes d’un contrat de travail établi dans ce pays, n’hésitez pas à demander un devis à notre service commercial.
Rémunération des heures supplémentaires et nombre d’heures maximum
Overtime payment is mandatory. Hours outside of standard work hours are considered overtime. Employees can work up to three extra hours per day. For additional hours, employees are paid:
- 125% of the hourly rate, on a standard day
- 150% of the hourly rate, after 6 pm
- 175% of the hourly rate for the night shift employees
Standard working hours are eight hours per day, 40 hours per week. The standard workweek is from Monday to Friday. However, the standard workweek can be extended to 48 hours per week from Monday to Saturday.
Hiring in Panama, hassle-free
With Deel, your business can easily hire employees in Panama with our EOR solution. If you have an entity, our Global Payroll solution takes care of payroll and compliance for your direct employees. Our 250+ in-house experts handle everything from managing local laws, complex tax systems, or your payroll in Panama and 150+ countries.
Management fee
À partir de
$599
/mois
Estimated Employer Cost
38 %
of employee salary