Panama
Capital
Panama City
Currency
United States Dollar (USD)
Date format
dd/mm/yyyy
Region
LATAM
Minimum holiday entitlement
30
Paid public holidays per year
10
Additional leave compliance rules and complexities
Annual leave
Employees in Panama cannot work more than 3 hours of overtime in a day, nor can they work more than 9 hours of overtime in a week. Overtime is banned outright in cases where an employee’s work is deemed dangerous. Employees get 30 days’ annual leave after their first year of employment
Sick leave
Panama workers are entitled to 18 days’ paid sick leave.
Maternity and paternity leave
Women can take 14 weeks of maternity leave at full pay. And though there are no laws regarding shared parental leave, fathers in Panama can take up to 3 days of paid paternity leave after birth.