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Work In Panama- FAQs
Panama reserves for its national citizen professions like engineering, law, accounting, and psychology. A foreign national can’t work in one of these occupations, regardless of whether they have a work permit.
Firstly, to start working in Panama you need to find an employer willing to sponsor you and arrange for your work visa. As competition is high for many positions, there are restrictions on the percentage of foreigners a Panamanian company may hire (generally 10%).
In Panama all overtime hours in excess of 48 hours a week are to be paid at an overtime compensation rate. The rate depends on the hours in which the overtime happens. Hours between 6 p.m. and 6 a.m. or on a rest day or holiday are paid at a rate of 150% of the employee’s regular income.
