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Saturday, November 01 2014 @ 05:31 AM EDT

More Foreigners Getting Work Permits in Panama

Employment & Jobs Thus far this year through August 2010, the Panamanian government has approved a total of 6,478 work permits for foreigners, representing an increase of 1,074 compared to the same period of time in 2009, according to the Ministry of Labor and Workforce Development (MITRADEL). Meanwhile, a total of 8,020 applications were process, up from 6,157 reported last year. Of these, most of the applications come from Colombian, Chinese, and Venezuelan citizens. "This is a direct reflection of the foreign investment that is taking place in Panama," said Adolfo Linares, the former president of the Chamber of Commerce, Industry and Agriculture of Panama (CCIAP). He added the phenomenon may be due to many factors, including the project to expand the Panama Canal, and many multinational companies are establishing new offices in Panama, in addition to the normal activities and banks, among others.

Although the report from the Department of Statistics of the MITRADEL does not reflect the amount of their wages, Linares said it can be medium to high, as companies usually tend to bring their high ranking executives. Of the permits approved by the MITRADEL, 1,655 correspond to the 10% category. That is to say, foreign companies operating in Panama are only allowed to hire a maximum of 10% of foreign labor.

Meanwhile, the highest number of approvals relate to foreign nationals who are married to a Panamanian citizen (2,244), followed by indefinite permissions (1,262), and 519 under the Marackesh agreement, among others.

For his part, Juan Cabareda, a Venezuelan, said the main advantage of working in Panama is the economic stability, due to the currency, as well as the low inflation in the country, which means he can buy more with the money earned. "In Venezuela, the minimum wage is not enough for anything, instead here the money goes farther for things such as food and housing, the cars are cheaper, and the only thing that is more expensive is gasoline," he said.

The Center for Economic Studies of the CCIAP explained that some companies hire foreign workers with the intention of bringing knowledge to meet needs for specific skills, highlighting some sectors such as trade, services, high technology and others. (Panama America)

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More Foreigners Getting Work Permits in Panama | 1 comments | Create New Account
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More Foreigners Getting Work Permits in Panama
Authored by: Anonymous on Tuesday, October 12 2010 @ 09:02 AM EDT

Where does one go to look for con
struction management related employment in Panama?