SEM permit in Panama: Everything you need to know to expedite your application

El SEM Permit is one of Panama's exclusive migratory programs, created under Law No. 41 of 2007 to encourage the arrival of multinational companies. This permit allows your employees and family members to reside, work and access certain legal benefits in the country.

Benefits of the SEM program:

• Migration facility: More expedited processes compared to traditional visas.
• Residence for the family: Extension of benefit to spouses and children.
• Tax Exemptions: Applicable under certain conditions under national law.

Renowned companies operating under this regime have contributed to Panama's economic growth, consolidating the country as a regional hub for international businesses.

Not all professionals are eligible for this permit. The legislation specifies that this benefit is reserved for those employees who work in companies registered as Headquarters of Multinational Companies. These companies must have an SEM license approved by the Ministry of Commerce and Industries (MICI).

Key requirements for applicants:

• Be a qualified employee in a strategic position within the SEM company.
• Submit legal documentation of the company certifying its affiliation to the SEM regime.
• Have an employment contract directly with the multinational headquarters established in Panama.

Additionally, the employee's immediate family members (spouse and dependent children) can also apply for derivative visas.

1. SEM Permanent Personal Visa:

This type of visa is intended for employees who have demonstrated a stable and long-lasting working relationship with the company. It is generally granted for the long term and may include options for possible permanent residence.

2. SEM Temporary Personal Visa:

Ideal for those employees assigned to Panama for a certain period. The length varies depending on the employment contract and the specific need of the multinational company.

3. SEM Special Event Visa:

This category is granted to technical or strategic personnel who visit Panama for specific projects, such as training, audits or system implementation. It usually has a limited duration.

Understanding which of these options is right for each case may require legal advice, something that Limitless Legal specializes in.

To process the SEM permit, it is essential to have accurate and complete documentation. Here are the main requirements:

• Criminal Record Certificate: Issued by the authorities of the country of residence or nationality.
• Request form: Complete and signed by the applicant or their legal representative.
• Medical certificate: Recent document confirming the applicant's good health.
• Contracts and working letters: Certification of employment and description of functions in the company SEM.
• Copy of passport: In good condition and valid for at least 6 months.

With minimal errors in the documentation, the process could be unnecessarily delayed. That's why hiring a professional service such as Limitless Legal is crucial to ensure an organized and smooth application.

In Limitless Legal, we understand that each case is unique and requires personalized attention. Our team of experts is highly trained to guide you at every stage of the process, from preparing documents to obtaining the final permit. In addition, we work hand in hand with Panamanian authorities to ensure a quick and uncomplicated response.

• Personalized advice: We adapt the requirements to your specific situation.
• Ongoing monitoring: We monitor the status of your request to keep you informed.
• Error reduction: We thoroughly review all documents before sending them, reducing the risk of delays.

With Limitless Legal, we accelerate your path to professional success in Panama.