Howard Zone Maintains Tariff Exemptions

The National Assembly of Panama approved the extension of tariff exemptions to companies based in the Howard Free Trade Zone.

Tuesday, June 9, 2009

The bill, which was approved in the second debate, ensures that companies that are based in the Panama Pacific Special Economic Area, also known as the Howard Free Zone, will equally have access to the benefits.

According to Pa-digital.com.pa, "The subsidy that the state of Panama grants this area is maintained for five more years."

More on this topic

Colon Free Port is looking for Companies

December 2017

Promotion of the Colon Free Port regime will intensify next year, with tax incentives being offered to companies that settle in the commercial zone located on the Caribbean coast of Panama.

The objective of the law that already allows companies to set up in the 16 streets of the city of Colon, exonerating themselves from the payment of certain taxes, is to reactivate an area which in recent years has failed to take off, despite being one of the main doors of entry and exit of cargo and people on board ships and cruise ships.

Update to Incentive Law for Panama Pacific

January 2015

A law has been approved which updates the tax treatment of high-value services and movement of goods from the free zone in Panama Pacific to other countries.

From a statement issued by the National Assembly of Panama:

The full National Assembly approved on its third reading Bill 118, which amends Article 41 of the Law of 20 July 2004 on the Panama-Pacific Area and adds Article 91-A.

Progress and Challenges in Panama Pacific

July 2013

In the special economic area at ​​the former Howard Air Base there are now 164 companies operating in different sectors with investment so far totalling $270 million.

Capital.com.pa reports: "Some 164 companies are operating in the Panama Pacifico. 30% of them are in the services and retail stores sector, 18% are in the maritime industry, 15% are logistics companies, 13% are high value-added industries and the remaining percentage corresponds to other economic activities. "

Panama Pacific Project begins construction

November 2008

Construction of the first phase of the $70 million Howard, Panama-Pacific Project starts tomorrow.

London & Regional Panama, master developer of the Panama-Pacific Special Economic Area, will hold the official innaguration for construction start up.

The ceremony will be held on Thursday, November 13, 2008 at the former Howard Base.

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London & Regional Panamá

London & Regional Panama is the master developer of the former Howard air base in Panama, now called PANAMA PACIFICO. Panama Pacifico, a mixed-use, business, residential and recreational center, will be created over 40 years by renowned developer London & Regional Panama in conjunction with the government of Panama. For those expanding business overseas, retiring in Latin America or simply visiting this beautiful locale, our sustainable, mixed-use business center and residential hub provides a balance of world-class amenities, infrastructure and services.
Operates in Costa Rica, El Salvador, Guatemala, Honduras, Nicaragua and Panama
Phone: (507) 316-3500

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