The Special System of the Multinational Corporation Headquarters

Benefits

Tax Incentives 

Exemptions for foreign workers

  • Income tax exemption if the salary is from a foreign source.

  • Import tax exemption for household goods and vehicle for personal use of permanent employees. However, they must pay the sales tax.

These exemptions do not apply to Panamanian employees or other foreign employees who hold a visa other than the Permanent Employee Visa of an MHQ, who will be subject to the regulations and fiscal dispositions in force in the Republic of Panama.

 

Labor incentives

  • Companies with a MHQ license can hire foreign executives whom they deem necessary for administrative positions.

  • There is no limit to the number of foreign executives who can be hired for these positions.

 

Migratory Benefits

  • Permanent visa (5 years) for foreign executives in permanent positions in the MHQ Company and their dependents.

  • Permanent residence for permanent MHQ Company personnel.

  • Three month visa for foreign technical personnel hired for short periods for MHQ company projects.