PEO/Employer of Record in Panama
Hire employees in Panama while NNRoad handles all employer liabilities. No local entity needed.
Expanding your business in Panama can be a challenging step and therefore requires a deep understanding of the country, and its laws. NNRoad can support your expansion with our Outsourcing service. You can hire experienced personnel in your industry without the need to or the difficulty of opening a legal entity. NNRoad ensures that the staff will be hired in accordance with the labor legislation of the country and under its direction.
NNRoad's PEO/Employer of Record Service in Panama Includes:
- Engaging employees through local labor contracts including contract administration, engagement, extension termination, and conversion to a permanent hire.
- On-boarding and off-boarding employees following a local practice.
- Registration of employees with social security board and paying all legally required taxes and social contributions for employees.
- Complete payroll solution and mandatory benefit administration.
- Employee management according to local laws, including employee record, timekeeping, bonus, and allowance management, expense and claims, and leave employee database management.
- Payment management, including invoicing customers/clients and salary payment.