Is there a statutory probationary period in Panama and can it be extended or removed? Can the probationary period differ for various job titles or employment agreement types?

In Panama, if a job requires specific skills, the employer can set a probationary period of up to 3 months in the employment agreement. During this time, either the employer or the employee can end the employment without any consequences.

Key points regarding the probationary period in Panama include:

• The probationary period cannot be used if the employee is being hired for a position they have already held in the same company.
• The probationary period cannot be extended or removed.
• It applies equally to all job titles and types of employment agreements.

Are employment agreements mandated to be registered with a regulatory authority in Panama? If yes, what is the process for registration?

In Panama, once the employment agreement is signed, it must be presented to the Labor Ministry to be considered active in the governmental system.

What is Pebl's onboarding timeline in Panama?

The onboarding timeline for Pebl in Panama is 10 business days.

Can Pebl accept or support customers that have a local entity in Panama?

Pebl is able to accept and support customers that have a local entity in Panama. It is important to note that a service agreement is not required for customers with a local entity.