The Panama Free Zone is located at the entrance of the Canal, specifically in the province of Colon. Its considered the second largest free trade zone in the world and the first in the Western Hemisphere. With wholesale, offers a variety of products duty-free import and export. The Panama Free Zone has four ports: Manzanillo International Terminal, Colon Port Terminal, Colon Container Terminal (Evergreen), Panama Ports Company (Hutchinson Wampoa), and it also counts with Cristobal Terminal on the Caribbean and Port of Balboa on the Pacific. Besides the Panama Free Zone has an extensive transportation service, having France Field Airport, Panama Railway Terminal, the Panama-Colon Highway, Cruise terminals and Land Transport Terminals.
Benefits offered by Panama Free Zone
Online Trading
Each year the number of foreign businessmen increase, because of the monetary and fiscal advantages. These foreigners investing in Panama Free Zone are coming mostly from the United States, Europe and Japan. Among the major benefits of the Free Zone are:
o Unique taxation system in duty-free import, re-export, manufacturing and other activities.
o The use of the dollar.
o Low-cost rental premises and land.
o System Lease Back or recognition of investment.
o Protection and enforcement of intellectual property rights.
Security in the Panama Free Zone
The Panama Free Zone has a Department of Homeland Security headed by the same administration. The area is monitored by a 24 hours a day staff in conjunction with the National Police and the Directorate of Judicial Inquiry.
The transit staff that custody Free Zone in Panama makes rounds on motorcycles, a division in official vehicles and dogs trained to detect drugs. The Panama Free Zone is a Global Logistics Center for the world, with over 400 hectares, 2000 companies established and 250000 annually visitors.
The thousands of visitors can find: modern exhibition halls, warehouses and commercial premises open to traders from Monday to Friday from 8:00 a.m. to 5:00 p.m. You will also find 25 national and international banks, a high-tech communication network and five-star hotels. You can enjoy diving, snorkeling, surfing, fine restaurants and other echo-tourist activities.
Panama Free Zone - A Window For International Trade
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