Panama continues to strengthen its position as a strategic destination for multinational companies by aligning with regional and international trends to create more flexible and favorable environments for foreign workers.

As of February 27, 2025, holders of a permanent SEM visa and their dependents will be allowed to extend their stay for six months after the termination of their employment relationship with the sponsoring company.

At the end of this period, the foreign national and their dependents will have five calendar days to leave the country or regularize their immigration status. If they choose to depart before the stipulated period, they must return their valid ID card and meet the same requirements.

This measure is particularly relevant in today’s global context, where labor mobility and international talent retention are key factors for the growth of multinational companies.

At Dentons, we provide legal and business solutions for companies and foreign employees with SEM visas in Panama. We advise our clients to ensure compliance with regulations and maximize the benefits of this incentive. Feel free to contact us for the guidance you need to make the most of this opportunity.