Employer of Record
Hire employees in Panama with Employer of Record (EOR)
Employ, pay and manage talent in Panama without setting up a local entity.
Country Snapshot
Currency
PAB
Timezone
UTC-5
Minimum Wage
3.13 PAB/Hour
Payroll Frequency
Monthly
Employment Type
Full-time
Panama is a regional logistics and financial hub in Central America.
General Information
Employment Laws
Ready to hire in Panama?
Leave Entitlements
Social Security
CSS (Social Security Fund)
Don't have a local team yet?
Gini Talent can recruit qualified candidates and employ them through EOR in Panama.
Include recruitment supportTaxation
Territorial tax system
Termination Rules
Notice + severance mandatory
No mandatory bonus
Additional Information
EOR arrangements in Panama require compliance with labor laws covering contracts, social security enrollment, and statutory benefits. Payroll administration includes mandatory contributions and regulated deductions. Termination procedures are formalized and may involve severance obligations. Labor enforcement is active. An EOR ensures compliant employment administration.
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FAQ
Questions companies actually ask.
Still deciding
Need a workforce recommendation?
Tell us the country, the roles and the timeline. We’ll map the right mix of Recruitment, EOR and Managed Workforce.
Talk to GiniWhat does EOR cost in Panama?
EOR is billed as a monthly per-employee fee covering payroll, employment contracts, and statutory filings. The rate shown on this page is the starting point; the exact fee depends on role, seniority, and extras such as work permits.
How long does onboarding take via EOR in Panama?
Once we have the role details and employee information, onboarding typically takes 1–3 weeks — much faster than incorporating a local entity, which often takes 3–6 months.
Can I terminate an EOR employee in Panama?
Yes. You instruct; we remain the legal employer and run notice, severance, and process according to local labour law and the employment contract.
What is the notice period in Panama?
Statutory notice depends on tenure and the contract. We apply the legal minimum plus any contractual terms when you request a termination.
Do I need a local entity to hire in Panama?
No. EOR exists so you can hire without incorporating. We are the legal employer of record; your team manages the day-to-day work.
Why choose Gini Talent as your EOR in Panama?
Transparent per-employee pricing, local payroll and compliance handled for you, and the same team can add recruitment or scale into the next market across 100+ countries.
Start hiring in Panama today
Launch your Panama team without setting up a local entity.
