Employer of record services in Panama
Grow your team in Panama without an entity. Payroll, benefits, taxes and compliance, all handled in one easy-to-use platform.
Loved by our Customers
Quickly & easily employ in Panama without an entity
Entity-free employment
Stay compliant
Dedicated support
Sync with your HR systems
“Their expertise and understanding of the unique hiring, payment, and human resource practices in each country has been nothing short of outstanding. Our Client Success Manager, has done just that … ensured our success. Her availability and willingness to engage on a personal level has made all the difference.”
“Excellent service, especially from our account manager who has gone above and beyond to help us use the platform effectively. Our manager, significantly simplifies my workload. It is like having your own TopSource HR representative on your team.”
“TopSource has been our go-to resource for international hiring. They are responsive, thorough, respectful and knowledgeable. The Client Success team has provided us with the utmost customer service, and the more we use TopSource, the more, it gives us access to more resources and knowledge.”
Employing in Panama made simple
Growing your workforce in Panama doesn’t need to be complex. Speak with our team to see how TopSource EOR makes it easy to hire in new countries, without setting up entities or getting lost in local regulations.
More than an Employer of Record.
Employer of Record services are only one way that we help you accelerate your global growth goals. From talent advisory to entity management, we give you the tools you need to research, enter and expand into your key markets.
Market Selection Advisory
Compare available talent, compensation, additional costs and regulations across different countries
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Salary Benchmarking
Identify and prioritize markets for growth based on talent, cost & regulations
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Global Skills Analysis
Map skill availability by region to align talent strategies with business goals..
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Talent Acquisition
Find, hire & onboard the highly skilled team members you need in each locality.
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Talent Strategy Optimization
Optimize your talent strategy to enable your organization to achieve it’s global ambitions.
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Frequently asked questions
Yes. We manage CSS (Caja de Seguro Social) contributions, roughly 12.25% of gross salary from the employer, along with income tax withholding. We also manage Panama’s mandatory 13th month salary (décimo tercer mes), which is unusually structured into three separate installments across the year (April, August, and December) rather than paid as a single year-end bonus.
Private health insurance, life insurance, and meal or transport allowances are common in Panama, and given the country’s US dollar-pegged economy and role as a regional logistics and finance hub, candidates in professional roles often benchmark offers against US-adjacent compensation expectations.
Panama’s Labour Code sets out seniority premium (prima de antigüedad) and severance obligations that scale with tenure, and requires documented, justified cause for termination in most cases. Getting the correct calculation for both the seniority premium and any severance owed requires careful reference to length of service and the specific grounds cited.
An EOR can typically onboard within one to two weeks for CSS registration, compared with the several weeks needed to incorporate a Panamanian entity and register with the Ministry of Labour and CSS.
Panama’s three-installment 13th month structure and its seniority premium calculation require ongoing local administration to get right. An EOR manages that compliance and carries the liability, which is typically the practical route for accessing Panama’s dollar-economy talent pool for logistics, finance, and shared-services roles.
Hire Anywhere with Our EOR Services
We help you legally employ and pay talent across 180+ countries—so you can scale faster.
