capital city

Capital

Panama City

currency

Currency

United States Dollar (USD)

date format

Date format

dd/mm/yyyy

region

Region

LATAM

entitlement

Minimum holiday entitlement

30

paid public holidays

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.