10 Best Employer of Record in Panama for 2026

Our Top 10 Picks from All Employer of Record (EOR) Companies in Panama [2026 Shortlist]

What is an EOR in Panama?

An Employer of Record (EOR) in Panama lets companies hire employees in Panama without setting up a local legal entity. The EOR becomes the legal employer, while your company manages the day-to-day work.

The EOR handles all Panama employment requirements, including payroll, CSS (Caja de Seguro Social) social security contributions (12.25% employer + 9.75% employee), educational insurance tax (1.5% employer + 1.25% employee), professional risk insurance (0.33%-6.25% varying by industry), and compliance with the Panama Labour Code. This removes the need to deal with MIT (Ministerio de Trabajo) tax authority filings, Spanish mandatory contract requirements, or complex 13th-month salary (aguinaldo) calculations.

For startups and global teams, a Panama EOR makes it easy to hire, pay, and stay compliant while expanding into Panama City, Colon Free Zone, and other regions quickly and safely.

Key Services of EORs in Panama

1. Payroll & CSS Social Security Management:

• Processing salaries with income tax withholding
• Calculating CSS social security contributions (12.25% employer + 9.75% employee)
• Managing educational insurance tax (1.5% employer + 1.25% employee)
• Handling professional risk insurance (0.33%-6.25% varying by industry classification)
• Ensuring compliance with Panama payroll regulations
• Submitting monthly MIT tax authority filings

2. 13th-Month Salary (Aguinaldo) Management:

• Calculating and paying the mandatory 13th-month salary bonus
• Tracking monthly accruals for Aguinaldo compliance
• Ensuring timely payment according to Labour Code requirements
• Managing pro-rated calculations for partial-year employment

3. Severance & Notice Period Management:

• Calculating statutory severance (1 week per year of service after 1 year)
• Ensuring compliance with Labour Code termination requirements
• Handling employee exit settlements with proper documentation
• Managing notice period obligations and payments

4. Benefits Administration:

• Providing statutory benefits, including 30 days of annual leave
• Managing sick leave entitlements and public holiday compliance
• Administering probation period management (3 months standard)
• Handling maternity leave (14 weeks) and other statutory benefits
• Providing additional voluntary benefits compliant with Panamanian employment law

5. Legal Compliance:

• Ensuring adherence to Panama Labour Code
• Drafting compliant Spanish mandatory employment contracts
• Managing labour dispute risks and Ministry of Labour guidelines
• Following regulatory compliance and conflict resolution procedures

6. Spanish Contract Management:

• Creating legally compliant employment agreements in Spanish (mandatory)
• Ensuring proper legal terminology and Labour Code adherence
• Maintaining required documentation and contract copies

7. MIT Tax Withholding & Filing:

• Managing progressive income tax withholding based on salary brackets
• Monthly MIT (Ministerio de Trabajo) tax declaration submissions
• Ensuring accurate calculation of all statutory deductions

8. Professional Risk Insurance Classification:

• Determining appropriate industry classification for risk insurance rates (0.33%-6.25%)
• Managing variable premium calculations based on industry risk category
• Ensuring compliance with occupational safety insurance requirements

Benefits of Using an EOR in Panama

1. Rapid Market Entry:

•  Start hiring in Panama without the time and capital investment required to establish a local Sociedad Anónima or other legal entity under Panamanian company law

2. CSS & Labour Code Compliance Expertise:

• Access to deep knowledge of the Panama Labour Code requirements
• Expert handling of CSS social security contributions (12.25% employer)
• Understanding of educational insurance tax (1.5% employer) and professional risk insurance
• MIT tax filing procedures and evolving employment regulations

3. Risk Mitigation:

• Transfer compliance and legal responsibilities to experienced providers
• Established Ministry of Labour relationships and labour tribunal expertise
• Accurate Aguinaldo and severance calculation to avoid costly disputes

4. Spanish Documentation Excellence:

• Navigate Panama's mandatory Spanish contract requirements with providers offering native Spanish legal capabilities
• Ensure contracts and documentation meet legal standards with proper terminology

5. Nearshoring Advantages:

• Leverage Panama's strategic location and time zone alignment for LATAM nearshoring operations
• Access Panama City and Colon Free Zone business hubs without entity setup

6. 13th-Month Salary Management:

• Benefit from expertise in Aguinaldo calculations, accruals, and timely payment compliance
• Avoid penalties through proper mandatory bonus administration

7. Flexible Scaling:

• Hire employees quickly across Panama City, Colon Free Zone, and other regions
• Adjust team size without long-term entity commitments
• Avoid the administrative burden of establishing Panama payroll and CSS registration infrastructure

Top 10 Best EOR Platforms in Panama

1. Gloroots (Global, strong Panama coverage)

Gloroots acts as the legal employer in Panama, managing payroll, CSS social security contributions (12.25% employer + 9.75% employee), educational insurance tax (1.5% employer + 1.25% employee), professional risk insurance (0.33%-6.25% by industry), contracts (Spanish mandatory), benefits, and compliance with Labour Code including 30 days annual leave, 3-month probation, 13th-month salary (aguinaldo), and severance (1 week/year after 1 year).

They streamline hiring amid Panama's regulated environment, MIT tax authority filings, and nearshoring potential without local entity setup (Sociedad Anónima).

Why Use Gloroots in Panama

Gloroots combines a technology platform with in-house Panama HR and payroll experts. Companies get real-time visibility into CSS contributions, educational insurance, annual accruals, and Spanish contract compliance, while local specialists ensure every hire meets Labour Code requirements with proper Spanish documentation.

This approach gives startups and mid-market companies a faster and more predictable way to hire in Panama compared to EORs that rely heavily on third-party partners, particularly valuable for companies entering Panama's nearshoring market in Panama City and Colon Free Zone.

Key Benefits and Features

• Hire in Panama without an entity: Employ Panama workers in weeks, not months, with Gloroots as the legal employer handling Sociedad Anónima setup complexities
• CSS automation: Automated 12.25% employer contribution calculations with electronic filing and compliance tracking
• Spanish contracts: Labour Code compliant templates with mandatory Spanish documentation and proper legal terminology
• Aguinaldo/severance calculations: Mandatory 13th-month bonus tracking with monthly accruals and 1 week/year severance after 1 year of service
• MIT tax filings: Income tax withholding with monthly Ministerio de Trabajo submissions and progressive rate calculations
• Professional risk insurance management: Industry-appropriate classification (0.33%-6.25% rates) with accurate premium calculations
• Transparent pricing with no hidden fees: Clear monthly costs starting at USD 450/employee with no surprise charges

Panama-Specific Services Offered

• EOR hiring and onboarding with full compliance across Panama City, Colon Free Zone, and all regions
• CSS payroll management handling social security (12.25% employer + 9.75% employee) and educational insurance (1.5% + 1.25%)
• Automated compliance covering Spanish mandatory contracts, Labour Code adherence, and regulatory guidelines
• Aguinaldo management, including 13th-month salary calculations, monthly accruals, and timely payments
• Severance tracking with 1 week per year calculations after 1 year of service
• MIT tax compliance with monthly income tax withholding and authority filings
• Professional risk insurance with industry classification and premium management (0.33%-6.25%)
• Risk mitigation, including labour dispute management and termination compliance

Platform Experience

• One dashboard for payroll, CSS contributions, aguinaldo tracking, MIT tax, and employee status
• Real-time tracking of Ministry of Labour filings, CSS submissions, and statutory obligations
• Simple interface built for teams new to Panama hiring with nearshoring optimisation
• Spanish-language administrative capabilities with English interface options

Customer Support

• 24/7 human support, not just ticket systems
• Dedicated account managers with Panama compliance expertise and Labour Code knowledge
• Hands-on onboarding and ongoing guidance for LATAM nearshoring entry
• Spanish/English bilingual support matching Panama's business environment

Pricing & Hidden Fees

Tech platform with Panama-specific compliance starting at USD 450/employee/month, optimised for Panama City/Colon Free Zone expansion. All services are clearly itemised upfront with a transparent pricing structure and no hidden charges.

Pros:

• Handles Panama regulatory complexity with Labour Code expertise
• Rapid LATAM nearshoring entry without entity setup
• Multi-country scalability across global markets
• Cost-effective platform with competitive pricing
• Compliance excellence with real-time tracking

Cons:

• Emerging Panama presence compared to established local firms
• Documentation requirements for CSS registration
• Industry risk rate variations require proper classification
• The Spanish platform interface is still maturing
• Limited local physical offices in Panama

Best For

Businesses seeking rapid Panama market entry with strong compliance protection, transparent pricing, and real-time visibility into hiring operations without establishing a local Sociedad Anónima, particularly suited for nearshoring, tech, and BPO companies expanding into Panama City and Colon Free Zone.

2. Playroll (Panama EOR leader)

Playroll provides Panama EOR with 1-2 day onboarding, CSS/educational insurance compliance, and Spanish contracts for rapid market entry. Trusted for Labour Code precision, 13th-month bonus processing, and ultra-fast deployment capabilities.

Why Use Playroll in Panama

Playroll brings industry-leading 1-2 day onboarding speed combined with Panama compliance expertise and automated CSS processing. Their rapid deployment capabilities with Spanish documentation excellence create exceptional value for startups and scaleups requiring immediate Panama market entry.

The combination of ultra-fast onboarding with Labour Code mastery enables efficient market testing for growing companies prioritising speed, transparency, and startup-optimised pricing without enterprise complexity.

Key Benefits and Features

• 1-2 day onboarding speed: Industry-fastest deployment supporting immediate Panama market entry and workforce scaling
• CSS 12.25% employer contributions automated: Electronic filing with educational insurance (1.5%) integration and compliance tracking
• Spanish payslips/contracts compliant: Mandatory Spanish documentation with Labour Code templates and proper terminology
• MIT tax withholding accuracy: Progressive income tax calculations with monthly authority submissions
• Transparent pricing: Clear cost structure with no hidden fees or surprise charges

Panama-Specific Services Offered

• Ultra-fast onboarding with 1-2 day deployment capabilities
• CSS automation with 12.25% employer and 9.75% employee contributions
• Spanish documentation compliant with mandatory contract requirements
• MIT tax compliance with accurate withholding and monthly filings
• Aguinaldo management with 13th-month salary calculations and accruals

Platform Experience

Fast deployment platform designed for rapid market entry and startup needs. Automated compliance workflows with Labour Code precision. Spanish-language capabilities with a modern interface supporting Panama operations.

Customer Support

Fastest Panama onboarding with 1-2 day deployment. Labour Code mastery with compliance expertise. Spanish documentation excellence. Startup/scaleup optimised support. Transparent pricing with clear costs.

Pricing & Hidden Fees

Ultra-fast compliance at USD 499/employee/month with transparent structure. Startup-optimised pricing with no hidden charges. Clear fee disclosure for essential services.

Pros:

• Fastest Panama onboarding (1-2 days)
• Labour Code mastery with compliance precision
• Spanish documentation excellence
• Startup/scaleup optimised platform
• Transparent pricing structure

Cons:

• Emerging local depth vs established Panama specialists
• Platform maturing with evolving features
• Less enterprise analytics compared to specialised platforms
• Global-first model vs pure Panama focus
• Feature tiers may gate certain capabilities

Best For

Startups and scaleups prioritising ultra-fast Panama market entry (1-2 day onboarding), transparent pricing, and Labour Code compliance, particularly suited for nearshoring operations, tech companies, and businesses requiring rapid deployment without enterprise complexity.

3. Remote People (Compliance specialist)

Remote People delivers Panama EOR with full legal liability transfer, CSS filings, and risk mitigation for multinationals. Strong for avoiding entity setup with complete compliance, ownership and enterprise-grade legal protection.

Why Use Remote People in Panama

Remote People brings a compliance-first approach combined with full legal employer liability transfer and multinational expertise. Their focus on complete compliance ownership, risk mitigation, and Labour Code mastery creates value for enterprises requiring maximum legal protection and regulatory assurance.

The combination of legal liability transfer with comprehensive compliance management enables confident Panama expansion for companies prioritising risk mitigation, regulatory adherence, and enterprise-grade protection.

Key Benefits and Features

• Full legal employer liability: Complete transfer of employment legal responsibilities and compliance risk
• CSS/professional risk insurance: Accurate 12.25% social security and industry-appropriate risk insurance (0.33%-6.25%)
• Labour Code severance/leave: Comprehensive statutory compliance, including 30 days annual leave and 1 week/year severance
• Audit-ready compliance records: Detailed documentation and reporting for regulatory audits
• Risk mitigation expertise: Proactive compliance management and legal protection strategies

Panama-Specific Services Offered

• Legal employer liability with full risk transfer and compliance responsibility
• CSS automation covering 12.25% employer and 9.75% employee contributions
• Professional risk insurance with industry classification and premium management
• Labour Code compliance, ensuring comprehensive regulatory adherence
• Audit-ready documentation with detailed compliance records

Platform Experience

Compliance-focused platform designed for regulatory precision and risk management. Enterprise-grade functionality supporting multinational operations. Professional interface with comprehensive documentation capabilities.

Customer Support

Complete compliance transfer with liability specialists. Risk mitigation expertise with proactive management. Multinational proven support for complex operations. Panama regulatory mastery. Enterprise reliability with an established track record.

Pricing & Hidden Fees

Legal protection at USD 550/employee/month, reflecting comprehensive compliance transfer. Custom enterprise quotes for large-scale operations. Transparent fee structure with detailed breakdowns.

Pros:

• Complete compliance transfer with full liability protection
• Risk mitigation expertise and proactive management
• Multinational proven track record
• Panama regulatory mastery
• Enterprise reliability with established presence

Cons:

• Custom enterprise quotes required
• Platform secondary to service delivery focus
• Less SMB agile with enterprise orientation
• Documentation is intensive for compliance requirements
• Regional focus vs global specialisation

Best For

Multinational enterprises prioritising full legal liability transfer, comprehensive Labour Code compliance, and risk mitigation for Panama operations, particularly suited for companies requiring enterprise-grade protection, regulatory assurance, and proven multinational expertise.

4. Remofirst (Budget LATAM leader)

Remofirst offers affordable Panama EOR at USD 199/employee/month with rapid onboarding and CSS compliance for startups. Industry-low pricing with 185+ country coverage and 24/7 dedicated support.

Why Use Remofirst in Panama

Remofirst brings industry-lowest Panama EOR pricing combined with 24/7 dedicated support and startup-optimised platform capabilities. Their flat-rate, transparent pricing without markups creates exceptional value for early-stage companies requiring cost-effective Panama market entry with full compliance assurance.

The combination of budget-friendly pricing with rapid onboarding and 24/7 support enables accessible Panama expansion for resource-constrained startups seeking essential EOR services without enterprise complexity.

Key Benefits and Features

• Flat-rate CSS payroll: Transparent social contribution processing (12.25% + 9.75%) with no markup pricing
• Spanish contract compliance: Mandatory Spanish documentation meeting Labour Code requirements
• Self-service SMB platform: Startup-friendly interface with employee access and document management
• 24/7 dedicated manager: Personal support with guaranteed availability and rapid response
• Global reach: 185+ country coverage enabling expansion beyond Panama

Panama-Specific Services Offered

• Flat-rate CSS payroll with transparent pricing and social contribution processing
• Spanish compliance with mandatory contract capabilities
• Self-service platform enabling employee access and streamlined management
• 24/7 dedicated manager providing personal support and rapid assistance
• Global reach supporting expansion across 185+ countries

Platform Experience

Essential platform designed for startup needs and cost-conscious operations. Self-service capabilities enable efficient management without extensive training. Rapid compliance focus with streamlined workflows. Spanish/English interface support.

Customer Support

24/7 support excellence with dedicated account managers. Startup-optimised guidance with hands-on onboarding. Rapid compliance assistance with personal attention. Cost-effective service without sacrificing availability. Global reach support.

Pricing & Hidden Fees

Cost leadership at USD 199/employee/month with a transparent flat-rate structure. No markup on payroll processing. Clear fee disclosure with no hidden charges for essential services.

Pros:

• Lowest Panama pricing in the market
• 24/7 support excellence with dedicated managers
• Startup optimised platform and pricing
• Rapid compliance with streamlined processes
• Global reach across 185+ countries

Cons:

• Basic enterprise features vs premium providers
• Limited customisation capabilities
• Essential platform vs feature-rich alternatives
• Less hands-on consulting vs specialised services
• Scale limitations for very large operations

Best For

Startups and early-stage companies prioritising budget-conscious Panama market entry with essential compliance coverage, particularly suited for resource-constrained businesses requiring transparent flat-rate pricing with 24/7 support without enterprise complexity.

5. Safeguard Global (Enterprise Panama)

Safeguard provides Panama EOR at USD 500/employee/month with full compliance outsourcing, CSS processing for multinationals. Perfect for established firms avoiding local setup with comprehensive compliance transfer.

Why Use Safeguard Global in Panama

Safeguard brings enterprise compliance outsourcing combined with full responsibility transfer and multinational expertise. Their focus on comprehensive compliance management, global delivery, and enterprise reliability creates value for large organisations requiring maximum protection and a proven track record.

The combination of full compliance transfer with enterprise-grade service delivery enables confident Panama expansion for multinational corporations prioritising risk mitigation, regulatory accuracy, and established provider reputation.

Key Benefits and Features

• Full compliance responsibility: Complete employment liability and regulatory obligation transfer
• CSS/educational insurance: Accurate 12.25% + 1.5% employer contributions with electronic submissions
• Labour Code full coverage: Comprehensive adherence to all statutory requirements, including aguinaldo and severance
• Global delivery model: Multinational coordination enabling worldwide operations support
• Enterprise proven: Established track record with a large organisation client base

Panama-Specific Services Offered

• Full compliance transfer with complete liability and regulatory responsibility
• CSS processing with accurate social security and educational insurance contributions
• Labour Code coverage, including all statutory benefits and requirements
• Global delivery enabling multinational coordination and support
• Enterprise outsourcing with comprehensive HR and payroll management

Platform Experience

Enterprise platform designed for compliance outsourcing and global delivery. Comprehensive functionality supporting multinational operations and complex requirements. Professional interface with detailed reporting capabilities.

Customer Support

Enterprise proven with an established reputation. Compliance with comprehensive coverage. Risk transfer specialists with legal expertise. Scalability for global operations. Reliability with long-standing presence.

Pricing & Hidden Fees

Enterprise outsourcing at USD 500/employee/month reflects comprehensive services. Custom enterprise quotes for large organisations. Transparent fee structure with detailed breakdowns.

Pros:

• Enterprise proven with an established reputation
• Compliance depth and comprehensive coverage
• Risk transfer with full liability protection
• Scalability for multinational operations
• Reliability with long-standing market presence

Cons:

• Enterprise quotes required for pricing
• Platform secondary to service delivery
• Less SMB agile with enterprise focus
• Documentation-heavy requirements
• Global overhead may increase costs

Best For

Large enterprises and multinational corporations prioritise full compliance outsourcing, comprehensive risk transfer, and global delivery for Panama operations, particularly suited for organisations requiring enterprise-grade reliability and proven multinational expertise.

6. Deel (Global leader, Panama coverage)

Deel offers Panama EOR at USD 599/employee/month with 48-hour onboarding for Panama City tech expansion. Industry benchmark for LATAM compliance with cutting-edge automation and rapid deployment capabilities.

Why Use Deel in Panama

Deel brings cutting-edge automation capabilities combined with Panama compliance infrastructure and ultra-fast 48-hour onboarding. Their global platform with industry-leading deployment speed enables rapid market entry, making them ideal for companies requiring maximum speed alongside comprehensive regulatory adherence and contractor management flexibility.

The combination of advanced automation with Labour Code compliance creates powerful solutions for technology companies entering Panama's nearshoring market with emphasis on rapid scaling and global coordination.

Key Benefits and Features

• Automated CSS payroll: Social security (12.25% + 9.75%) and educational insurance integration with automated calculations
• Labour Code contracts: Spanish mandatory template generation with e-signature capabilities
• Global HRIS sync: Enterprise integration enabling connection with major HR platforms
• Contractor transitions: Frictionless conversion from contractor to employee status with compliance management
• 48-hour onboarding: Industry-fastest deployment supporting rapid Panama market entry

Panama-Specific Services Offered

• Automated CSS payroll with social security and educational insurance integration
• Labour Code automation with Spanish mandatory contract generation
• Global HRIS connectivity enabling enterprise system integration
• Contractor conversion supporting seamless transition to employee status
• Ultra-fast onboarding with 48-hour deployment capabilities

Platform Experience

Cutting-edge modern platform with powerful automation and an intuitive user experience. Technology-driven workflows minimise manual tasks while maintaining accuracy and compliance. Strong integrations with global HR systems enable seamless data flow.

Customer Support

24/5 support availability with responsiveness to compliance and technical questions. Global support team familiar with Panama-specific Labour Code and CSS requirements. Proactive assistance helping companies optimise workflows.

Pricing & Hidden Fees

Industry benchmark at USD 599/employee/month with a premium tier reflecting advanced automation. Transparent pricing with a clear fee breakdown. Feature tiers with different service levels, though local extras may apply.

Pros:

• Ultra-fast onboarding with 48-hour deployment
• Mature compliance platform with proven capabilities
• Strong integrations with enterprise systems
• Contractor flexibility and conversion capabilities
• Enterprise scalability with global coordination

Cons:

• Premium pricing vs budget alternatives
• Feature tiers may gate certain capabilities
• Global support model vs dedicated local teams
• Enterprise complexity may exceed simple needs
• Local extras may increase total costs

Best For

Growing companies and international firms seeking rapid scaling, advanced automation, contractor management flexibility, and strong global compliance with Panama coverage are particularly suited for tech companies requiring 48-hour onboarding and enterprise-grade platform capabilities.

7. Remote (Global enterprise)

Remote delivers Panama EOR at USD 599/employee/month with IP protection, equity administration for senior hires. Strong for complex LATAM arrangements with enterprise-grade compliance ownership and legal safeguards.

Why Use Remote in Panama

Remote brings enterprise-grade compliance infrastructure combined with intellectual property protection and equity administration capabilities. Their focus on owned compliance frameworks and maximum legal assurance creates value for international companies with sophisticated requirements, particularly for senior technology talent hiring.

The combination of IP indemnity with comprehensive CSS compliance creates unique value for companies prioritising intellectual property security, senior talent hiring with stock compensation, and audit-ready documentation across Panama operations.

Key Benefits and Features

• IP indemnity: Labour Code contract protection with intellectual property assignment and legal safeguards
• Equity compliant: Stock option and equity plan management with tax optimisation
• CSS full coverage: Precise 12.25% employer and 9.75% employee contribution calculations
• 24/7 SLA: Enterprise-guaranteed response times and resolution commitments
• Enterprise compliance: Direct control, eliminating third-party dependencies and risks

Panama-Specific Services Offered

• IP protection services with Labour Code indemnity and intellectual property safeguards
• Equity compensation administration with compliant stock plans and tax management
• Full CSS compliance with precise contribution calculations and filings
• Enterprise SLA support with 24/7 availability and guaranteed commitments
• Owned compliance frameworks providing direct control and maximum assurance

Platform Experience

Professional platform designed with compliance and legal protection as core priorities. Real-time compliance dashboard providing continuous visibility into CSS, MIT tax, and regulatory obligations. Easy integration enabling efficient multi-country expansion coordination.

Customer Support

24/7 SLA support with strong Panama compliance expertise and Labour Code knowledge. IP protection guidance with legal safeguarding. Personalised account management providing strategic compliance oversight. Proven LATAM operations experience.

Pricing & Hidden Fees

Enterprise-grade compliance at USD 599/employee/month with a premium tier reflecting IP and equity capabilities. Transparent pricing with a clear cost breakdown. Customisation fees may apply for specific requirements.

Pros:

• Enterprise compliance with legal ownership
• IP and equity expertise for senior hires
• Proven LATAM operations with a track record
• Global scalability across 150+ countries
• Premium support with SLA guarantees

Cons:

• Higher pricing tier vs budget providers
• Enterprise focus may exceed SMB requirements
• Platform learning curve for full adoption
• Less startup is flexible with an enterprise orientation
• Customisation fees for specialised needs

Best For

Global companies and enterprises prioritising maximum IP protection, equity compensation capabilities, and enterprise-grade compliance for senior tech hiring in Panama, particularly suited for technology firms requiring comprehensive legal safeguards and audit-ready documentation.

8. Horizons (Rapid global)

Horizons offers Panama EOR at USD 299/employee/month with 24-hour onboarding, dedicated compliance managers, and Spanish support. Perfect for rapid market testing with ultra-fast deployment and fixed-fee transparency.

Why Use Horizons in Panama

Horizons brings industry-leading 24-hour onboarding speed combined with dedicated compliance managers and competitive pricing. Their rapid deployment capabilities with Spanish support create exceptional value for companies requiring immediate Panama market entry without pricing uncertainty.

The combination of ultra-fast onboarding with hands-on guidance enables efficient market testing for startups and growing companies prioritising speed, accessibility, and personal support without enterprise complexity.

Key Benefits and Features

• Rapid compliance: 24-hour onboarding supporting immediate Panama market entry
• Dedicated managers: Personal compliance support with hands-on guidance and regulatory expertise
• Spanish support: Native Spanish capabilities matching Panama's mandatory documentation requirements
• Full lifecycle management: Comprehensive support from hiring through termination with compliance oversight
• Fixed-fee pricing: Transparent USD 299/employee/month with no surprise charges

Panama-Specific Services Offered

• Rapid onboarding with 24-hour deployment capabilities
• Dedicated compliance managers providing personal support and expertise
• Spanish documentation with native capabilities and Labour Code compliance
• Employee lifecycle management covering the full employment journey
• Global reach supporting expansion across 180+ countries

Platform Experience

Fast deployment platform designed for rapid market entry and testing. Dedicated manager model prioritising personal relationships and hands-on guidance. Spanish-language capabilities with a modern interface supporting Panama operations.

Customer Support

Fastest entry with 24-hour onboarding. Dedicated compliance managers with personal support. Competitive pricing with a fixed-fee structure. Global reach across 180+ countries. Flexible and accessible service delivery.

Pricing & Hidden Fees

Speed with fixed fees at USD 299/employee/month with a transparent structure. Clear pricing enabling budget confidence for rapid market entry and testing.

Pros:

• Fastest entry with 24-hour onboarding
• Dedicated compliance managers with personal support
• Competitive pricing structure
• Global reach across 180+ countries
• Flexible service delivery

Cons:

• Emerging reviews with a limited Panama track record
• Basic analytics compared to specialised platforms
• Platform adaptation needed for complex requirements
• Scale limitations for very large operations

Best For

Companies prioritising ultra-fast Panama market entry (24-hour onboarding), dedicated personal support, and competitive pricing, particularly suited for startups requiring rapid deployment for market testing without enterprise complexity.

9. Skuad (Unified platform)

Skuad delivers Panama EOR at USD 400/employee/month with a unified HR/payroll platform and cross-border payment capabilities. Strong for distributed teams requiring comprehensive workforce management with global payment integration.

Why Use Skuad in Panama

Skuad brings a unified HR and payroll platform, combined with cross-border payment capabilities and comprehensive workforce management infrastructure. Their focus on integrated solutions enables efficient management of distributed teams across Panama and international markets with unified visibility and control.

The combination of a unified platform with cross-border payment excellence creates value for companies managing global distributed workforces requiring consolidated HR, payroll, and payment operations across multiple countries, including Panama.

Key Benefits and Features

• Unified platform: Integrated solution combining employment, benefits, and compensation management
• Cross-border payments: Global payment capabilities enabling multi-currency compensation
• CSS automation: Automated social security (12.25% + 9.75%) and educational insurance contributions
• Multi-country management: Consolidated oversight enabling coordinated operations across global markets
• Feature-rich functionality: Comprehensive capabilities supporting complex distributed workforce requirements

Panama-Specific Services Offered

• Unified HR/payroll platform combining employment and compensation management
• Cross-border payments with global currency capabilities
• CSS automation with automated contribution calculations
• Multi-country management enabling coordinated global operations
• Enterprise features supporting complex distributed workforce requirements

Platform Experience

Feature-rich platform designed for unified workforce management. Comprehensive functionality combining HR, payroll, and payments. Enterprise scalability with sophisticated multi-country capabilities. Modern interface with global coordination tools.

Customer Support

Unified platform expertise with comprehensive training. Cross-border payment specialists. Enterprise scalability support for complex operations. Global workforce management guidance. Multi-country coordination assistance.

Pricing & Hidden Fees

Unified management at USD 400/employee/month with enterprise pricing. Quote-based pricing for large-scale operations. Transparent fee structure with detailed service breakdowns.

Pros:

• Unified workforce platform with integrated capabilities
• Cross-border payment excellence
• Enterprise scalability for complex operations
• Feature-rich comprehensive functionality

Cons:

• Platform complexity requiring learning investment
• Enterprise minimums may exclude small teams
• Learning curve for full feature adoption
• Quote-based pricing requires consultation

Best For

Companies managing distributed global teams requiring a unified HR/payroll platform with cross-border payment capabilities for Panama and international operations, particularly suited for enterprises needing comprehensive workforce management with consolidated multi-country oversight.

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10. Multiplier (LATAM value leader)

Multiplier provides scalable Panama EOR at USD 400/employee/month with regional LATAM platform synergy and rapid nearshoring expansion. Best mid-market value for regional growth with automation excellence and competitive pricing.

Why Use Multiplier in Panama

Multiplier brings the best-value LATAM pricing combined with regional platform synergies and automation capabilities. Their Panama operations with competitive mid-market pricing create exceptional value for companies pursuing nearshoring expansion without premium-tier costs.

The combination of automation excellence with LATAM platform integration enables efficient multi-country operations for growing companies prioritising value, regional scalability, and modern technology without enterprise pricing.

Key Benefits and Features

• Automated Labour Code compliance: Technology-driven workflows with regulatory adherence and minimal manual processing
• Multi-country LATAM dashboard: Unified visibility across regional operations with coordinated management
• Contract localisation: Spanish mandatory templates with proper legal terminology and Labour Code compliance
• CSS automation: Automated 12.25% employer and 9.75% employee contribution calculations
• Best value pricing: Competitive USD 400/employee with comprehensive features

Panama-Specific Services Offered

• Automated compliance with Labour Code adherence and regulatory workflows
• LATAM regional platform enabling multi-country nearshoring coordination
• Spanish contract localisation with mandatory templates and legal compliance
• CSS automation with social security and educational insurance processing
• Aguinaldo management with 13th-month salary calculations and tracking

Platform Experience

Modern automation platform designed for regional efficiency and scalability. Multi-country dashboard with unified LATAM visibility. Technology-driven workflows reduce manual tasks. Competitive value with comprehensive features.

Customer Support

Best value tier with comprehensive support. LATAM regional platform expertise. Automation excellence with a technology focus. Panama compliance specialists. Scalable growth path support.

Pricing & Hidden Fees

Competitive pricing at USD 400/employee/month with the best mid-market value. Volume discounts available for larger teams. Transparent fee structure with clear breakdowns.

Pros:

• Best value pricing with competitive rates
• LATAM regional platform with nearshoring synergy
• Automation excellence with modern technology
• Multi-country coordination capabilities
• Scalable growth path for expansion

Cons:

• Volume discounts needed for best rates
• Less enterprise analytics vs specialised platforms
• Platform adaptation is required for full features
• Regional vs global leader positioning
• Quote-based extras for advanced capabilities

Best For

Mid-market companies and growing businesses prioritising best-value pricing, LATAM regional expansion, and automation excellence for Panama nearshoring operations, particularly suited for companies requiring competitive costs with modern platform capabilities and scalable regional growth without enterprise-tier pricing.

FAQs

1. How do you choose the right Employer of Record (EOR) in Panama?

Look for providers with proven CSS expertise (12.25% employer contributions), accurate aguinaldo (13th-month salary) management, Spanish contract capabilities, and Labour Code knowledge. The best EORs offer transparent pricing, fast onboarding, and a strong Panama track record.

2. What compliance areas should you check when hiring through a Panama EOR?

Ensure your EOR manages CSS contributions accurately (12.25% employer + 9.75% employee), educational insurance tax (1.5% + 1.25%), professional risk insurance (0.33%-6.25% by industry), MIT tax filings, aguinaldo calculations, severance (1 week/year after 1 year), and Spanish mandatory contracts.

3. Why use an EOR for hiring in Panama?

An EOR lets you hire without setting up a local Sociedad Anónima, while staying compliant with CSS social security, educational insurance, Labour Code regulations, aguinaldo (13th-month salary), and Spanish contract mandates. It enables faster market entry into Panama City and Colon Free Zone for nearshoring operations with full regulatory compliance.