Employer of Record Panama — Hire Without a Local Entity
Expandyte handles employment contracts, payroll, taxes and compliance in Panama so you can focus on growing your business.
Key Employment Facts
Hiring in Panama at a glance
USD 800/month
~12.25%
~9.75%
25%
30 days
30 days
US Dollar (USD)
Figures are indicative and can change with local legislation. Request a free quote for an up-to-date, tailored breakdown.
Calculate the Cost of Hiring in Panama
Employer cost estimate
Valid until February 2027
Enter an annual gross salary to see employer costs.
Not included:
- 13th month salary (décimo tercer mes, mandatory)
- professional risk insurance (rate depends on industry). CSS rate rises to 14.25% from March 2027.
Based on statutory employer contribution rates. Actual costs may vary. Excludes EOR service fees.
Last updated: October 2026
Our Services
What Expandyte Handles in Panama
Employment contracts
compliant with local law
Payroll processing
in local currency
Social security & tax contributions
calculated, withheld and filed
Employee benefits administration
statutory and supplementary
HR administration & onboarding
smooth from day one
Offboarding & termination management
compliant exits
Why
Why Companies Expand to Panama
- A dollarised economy and the logistical hub of the Americas.
- Home to the Panama Canal and world-class ports and connectivity.
- A major regional centre for banking, logistics and shared services.
- Generous multinational headquarters (SEM) incentives.
Hire in Panama without setting up a local entity
One clear monthly fee per employee, on top of salary and statutory employer costs. No setup fees, no hidden charges.
Get a Free QuoteFAQ
Hiring in Panama — FAQs
Contact
Get a Free EOR Quote for Panama
Tell us about your hiring plans in Panama and we'll get back to you within 24 hours.
- Compliant employment contract
- Monthly payroll & tax filings
- Dedicated account manager