Economic growth in Panama and the works of a series of large projects have raised the interest of foreigners who come to work in the country.
According to data from the Ministry of Labor and Workforce Development (Mitradel) 11,037 work permits was granted to foreigners in 2011 , about 1,063 more permits than in 2010 (10,224).
"This phenomenon is happening because large multinational companies are setting up offices in Panama, and staff are not qualified, and they see the need to bring staff from their countries of origin, recognizes Felix Cuevas, president of the Association of Panamanian Business Executives (Apede)," according to martesfinanciero.com.
A real example of the situation are some the companies in the area of Pacific Panama (APP).
Olmedo Alfaro, manager of the project, said the Panamanian workforce is 90%, except in special cases such as in aircraft maintenance where there is not enough skilled local labor. For this reason the APP together with the Technological University of Panama (UTP) have established an aggressive plan to prepare full scholarships for a thousand aviation mechanics that will be needed in the next 10 years.
Another case is in the technology sector. "The Panamanian Chamber of Information Technology and Telecommunications (Capatec) requires about 15,000 computer programmers this year until 2015. Also, the logistics sector has raised the need for 6,000 places of employment due to growth in activity which includes the expansion of ports on the Atlantic and Pacific," reads the article.
Work permits to foreigners have increased 24.4% in the first two months of 2010.
1.220 permits were issued between January and February 2010, 24,4% more than in the same period of 2009, when 980 permits were granted.
“Jaime Bocanegra, consulting director at PricewaterhouseCoopers, said that companies will pile on the pressure, especially multinational corporations, as there are not enough skilled workers in Panama”.
London & Regional Panama is the master developer of the former Howard air base in Panama, now called PANAMA PACIFICO.
Panama Pacifico, a mixed-use, business, residential and recreational center, will be created over 40 years by renowned developer London & Regional Panama in conjunction with the government of Panama. For those expanding business overseas, retiring in Latin America or simply visiting this beautiful locale, our sustainable, mixed-use business center and residential hub provides a balance of world-class amenities, infrastructure and services.
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