Due to its economic growth, legal and personal security and tax, labor and migratory incentives, Panama has become an ideal destination for the expansion of multinational companies and business entrepreneurship guaranteeing an excellent quality of life. Through its policies, highlighting the creation of different Special Economic Zones (SEZ), Panama encourages foreign companies to invest in the territory.
The different Laws that regulate the Special Economic Zones in the Republic of Panama establish specific functions and activities that are allowed in each one.
Below, we provide a table that allows you to compare the different activities that are permitted in each Special Economic Zone in Panama:
| Special Economic Zones in Panama | |||
|
Permitted Activities |
Colón Free Zone | Panamá Pacífico | Free Zones |
|
Export |
● | ● | ● |
|
Re-export (Regime that allows for the exit from the customs territory of foreign goods that arrived in te country and where not imported) |
● | ● | |
| Import | ● | ● | ● |
| Manufacture | ● | ● | ● |
| Wholesales | ● | ● | ● |
| Wholesales trading | ● | ● | ● |
| Wholesales distribution | ● | ● | ● |
| Processing and refining of goods | ● | ● | ● |
|
Other operations, transactions, negotiations or activities from the establishment and operation of the commercial zones. |
● | ||
|
Corporate Headquarters |
● | ● | |
| Back office operations | ● | ● | |
| Call Centers | ● | ● | |
| High-tech manufacturing and process manufacturing | ● | ● | |
| Multimodal and logistics services | ● | ● | |
| Aviation industry services | ● | ● | |
| Offshore services | ● | ● | |
| Film industry | ● | ● | |
| Data, radio, television, audio and video transmission | ● | ● | |
| Transfer of inventory between companies in-site | ● | ● | |
| Transfer of goods and services to ships, aircrafts and their passengers | ● | ● | |
| Scientifics and technologicals | ● | ||
| General services within the special zone | ● | ||
| Environmental services | ● | ||
| Human development and cultural | ● | ||
| High education and scientific investigation centers | ● | ||
| Assembly | ● | ||
For more information about the diferences between establishing in each zone, don´t miss our blog post Special Economic Zones in Panama.
If you wish to know more bout Free Trade Zones in Panama, clic the botton below and download the Law 32 of april 5 of 2011.
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cburke@plp.com.pa