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Panama
Panama

Panama links Central and South America and connects the Atlantic and Pacific through the Panama Canal. Employers may look to logistics, shipping, finance, tourism, construction, technology, trade services and regional headquarters roles.

Interested in hiring or expanding in Panama? Danbro International can support you on every step of this journey, allowing you to unleash global talent efficiently, compliantly, and quickly.

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Panama at a glance

Fun Fact: Ships cross from the Atlantic to the Pacific via the Panama Canal.

Region
Latin America
Capital City
Panama City
Time Zone
GMT-5
Population
4,630,000
Official Language (S)
Spanish
Currency
PAB | Balboa | B/.
Employer Payroll Cost (approx)
16.10%
National Minimum Wage
Varies by Industry
Statutory Annual Leave
30 calendar days
Working Hours per Week
48

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Hiring Guide

Panama

Panama links Central and South America and connects the Atlantic and Pacific through the Panama Canal. Employers may look to logistics, shipping, finance, tourism, construction, technology, trade services and regional headquarters roles.

Interested in hiring or expanding in Panama? Danbro International can support you on every step of this journey, allowing you to unleash global talent efficiently, compliantly, and quickly.

Disclaimer

This document is provided for informational purposes only and reflects general market practice and applicable law as understood at the time of publication. It does not constitute legal, tax, or compliance advice. Employment law, tax legislation, and statutory rates are subject to change without notice, and obligations may vary depending on sector, collective bargaining agreement, and individual circumstances. Danbro International recommends that clients seek independent legal counsel before making employment decisions. For specific guidance, please contact your Danbro International account team.

Panama at a glance

Fun Fact:Ships cross from the Atlantic to the Pacific via the Panama Canal.

Region
Latin America
Capital City
Panama City
Time Zone
GMT-5
Population
4,630,000
Official Language (S)
Spanish
Currency
PAB | Balboa | B/.
Employer Payroll Cost (approx)
16.10%
National Minimum Wage
Varies by Industry
Statutory Annual Leave
30 calendar days
Working Hours per Week
48

Detailed Info about Panama