Colon Free Zone

REASONS TO CONSIDER THE COLON FREE ZONE

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The Colon Free Zone offer key advantages for the international firms that wish to improve their presence in the Latin American markets, the most significant of these advantages being:

GEOGRAPHlCAL POSITION. The location of Panamá is ideal to forward goods to the Central American, Caribbean , and South American regions.

CONSOLIDATION / DECONSOLIDATION OF PRODUCT LINES. The establishment of a warehouse in the Colon Free Zone allows reception of goods from various sources and to fill orders of the buyers from one single point and under one invoice.

TRANSPORTATION CONNECTIONS. The presence of three main ports at both ends of the Panamá Canal, a modem airport, and surface transportation to Central America - all with excellent frequencies and international connections - allow orders to be shipped quickly to their destination.

EXPRESS IMPORT AND EXPORT PROCEDURES. The documentation required for the entry and exit of goods is simple and expeditious. Merchandise that transits through the Colon Free Zone are not subject to import or export taxes.

PROVEN EXPERIENCE. Branches of multinational firms as well as local companies that provide the warehousing and forwarding services on behalf of foreign corporations operate in this zone as early as the late 1950's.

CAPITAL FLOW. The movements of funds in and out of Panamá are not restricted, and it occurs mainly in United States dollars, currency of legal exchange in the Republic of Panamá.

FISCAL INCENTIVES. The net earnings on the reexport operations are exempt from income tax, as well as the dividends declared on such earnings.

Other free zones can offer some advantages that may be superior to the ones mentioned; however, none offers the breadth of incentives offered by the Colon Free Zone. Since its inception in 1948, this Free Zone has become the first free trade area in the western world and the second worldwide. Proof of this is the 6 billion dollars exported from this zone in 2002.

The BusinessPanama Group has an alliance partner in the Colon Free Zone that is a well-known and fully licensed company with complete warehouses in the Colon Free Zone. Our Colon Free Zone Alliance Partner will act as the representative of the corporation that will receive the merchandise and will send it to its distributors. Together, we can provide you full services to your proposed operation in the CFZ.

For more information, please contact us at

BusinessPanama Group
Plaza 2000 Tower, 10th Floor
50th Avenue
Panama City
Tel (+507) 223-6788
Fax (+507) 263-2460
info@businesspanama.com

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