Special Economic Zones Overview
Panama has created laws and regulations allowing local and foreign investors to establish companies in segregated special areas with a variety of fiscal, migratory and labor incentives with the main objective of developing different kind of activities and to promote international trade, manufacturing and complimentary services. These are called Special Economic Zones.
- Colon Free Zone is a free trade zone whose objective is to serve as a platform for redistributing wholesale and tax exempted goods from Asia, Europe and North America to Latin America and the Caribbean. Located at the Atlantic side of the country, it is supported by a variety of logistics and financial services that leverages its connectivity to improve the cargo flow to regional markets.
- Panama Pacifico is a model of special economic zone aiming to become a hub for high-tech manufacturing, logistics services, commercial activities, and non-traditional services, with an eco-friendly residential area. A joint consortium between a government agency and a private developer develops an aggressive master plan that includes dedicated areas for warehousing and distribution centers, manufacturing, commercial offices, airport operations, and residential.
- Panamanian Free Zones have a special regime which contributes to the economic development of the country and promotes foreign investment. They are defined as delimited zones, within which all the infrastructures are developed, as well as the operative organization and the administrative management that are necessary, so that they are established within them, companies of all parts of the world whose activities are manufacturing, assembly, processing of finished or semi-finished products, services, high technology, higher education, health services, scientific research, logistics services, environmental services and general services.
- City of Knowledge is a complex managed by the Ciudad del Saber Foundation, an organization created in 1995 for non-profit. Ciudad del Saber provides fiscal and migratory incentives for its users that are located within the complex and that are dedicated to research and innovation in the scientific and technological fields Humanistic and cultural transfer of knowledge for use in productive activities and high quality programs of higher education.
- Baru Free Zone. This Zone offers tax incentives to a range of commercial, tourist, industrial and service activities that are established in that area.