Pay Your Workers in Panama with Ontop

Discover the versatile solutions Ontop offers for your contractors in Panama and Ecuador. Give them the freedom to choose how they manage their earnings with ease.

OVERVIEW

Language(s): Spanish

Currency: United States Dollar (USD)

Capital City: Panama City

Population: 4.409 million

Cost of Living Rank: 57th

VAT (Valued Added Tax): 7%

EMPLOYER TAXES

21.34%

★ 12.25% - Social security
★ 1.92% - Unemployment
★ 1.50% - Education Tax
★ 0.98-5.67% - Accident Insurance

‍

Why Hire in Panama?

Panama has a well-established and business-friendly environment, with streamlined incorporation and employment regulations.

Panama's geographical location offers easy access to Central and South American markets.

Panama's tech sector is on the rise, attracting talent and investment. This can be a good fit for companies seeking a foothold in the region.

Minimum Salary

327 USD

Payroll Cycle

Monthly

Holidays Number

Trial Period

3 months

Employer Taxes

21.34%

Taxes Filing

15% to 25%

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Effortless and legal hiring in Minutes

Hiring independent contractors and Employees is easy with Ontop. We handle background checks and verify records quickly, so your team can start working without delays.

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Simple and legal document management

Onboarding an employee in Ecuador is different from onboarding one in Germany. We handle everything, from local wage requirements to specific documentation, ensuring a quick and compliant process.

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Effortless contractor management

Let Ontop handle the risks, so you can worry less. We ensure proper classification of your contractors, with clear schedules, payment plans, and seamless management.

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Hassle-free contractor payroll management

Ontop makes payroll simple. From handling invoices, distributing earnings, and processing payments for your contractors. Just give us the project details, and we’ll take care of the rest.

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Testimonials

"We knew this process was something we needed from the start to be able to hire and pay our international talent on time, and hassle-free."

Zero-Code’s

CEO

"Ontop was a game changer. They opened markets and hired people who were in regions where we did not have access before."

Tomas Blackburn

Head of Finance

"With Ontop everything is in one place. I have all the contracts together and I can look back at the data anytime I need."

Anna Savenko

Operations Manager

“So smooth and great! I can reach people worldwide in different timezones. There’s always people available to help regarding time zones.”

Deca4’s

Operations Manager

"Ontop has been a key business partner for Longevo's exponential growth. Its experience and flexibility with a customer focus have made it easy for our team to have the required resources in time and quality"

Andrea Agudelo

Human Resources Manager

"I can say scheduling payments is a tangible benefit. It saves us time. We can approve the payments any time, anywhere (I usually use my mobile). And the finance team can take care of payments when it is convenient for them."

Shared Tech's

Co-founder & CTO

"You all were the perfect solution at the time. We formed a really good relationship from the beginning."

BrightChamps

Finance Manager

"What I value most about Ontop is the Human to human interaction, sometimes you need help and a bot doesn't do the job"

Caroline Forero

HR Coordinator

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