CFZ Establishes Maximum for Rent IncreasesUsers of the Colon Free Zone in Panama are no longer required to purchase the lot which they currently lease and if they choose to continue renting the amount charged in the first five years can not exceed 10% per year of what they currently pay.Wednesday, October 3, 2012
At the end of the first five years, rents can be updated every two years according to the consumer price index, indicated the Zone's Users Association (AU in Spanish). Source: Prensa.com ¿Busca soluciones de inteligencia comercial para su empresa?The Colon Free Zone CrisisSeptember 2013 Venezuela's debt for $1.1 billion and the loss of 80% of the footwear market in Colombia has led to the closure of businesses and the loss of thousand jobs. Rentals in the Colon Free ZoneOctober 2012 After repealing the law allowing the sale of land, the government is intending to put up rental prices. Agreement on Land Prices in Colon Free ZoneOctober 2012 After having reached an agreement on prices with the users of the CFZ, the government of Panama introduced in the National Assembly the Colon Free Zone bill. ZLC Businesses: Buy or the Rent Goes UpMarch 2012 Even though last year the rents paid by users of the Colon Free Zone (ZLC in Spanish) rose by 20%, President Martinelli has said that they pay very little in relation to their earnings.
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