Panama: More Investments in Free Zone

The arrival of 13 new companies has been announced in the sectors of services, processing of finished or semi-finished products and assembly in the free trade zone in the country.

Friday, May 15, 2015

From a statement issued by the Ministry of Commerce and Industry of Panama:

The potential of Panamanian Logistics, tax benefits and immigration benefits, are still the main attractions which caused 13 new companies to decide to settle in Panama, protected under Law 32 of April 5, 2011 on Free Zones, announced the Minister of Trade and Industry, Meliton Arrocha.

According to Minister Arrocha, the growing interest on the part of investors is due to the free zone concept offered and tax incentives granted to these zones in addition to migration facilities.



More on this topic

Approval for First Economic Development Zone

April 2019

In Guatemala, the first project to install a Special Public Economic Development Zone was approved, which will require a $14 million investment and will be on the Highway to Puerto Quetzal, Escuintla.

The name of the industrial park, which will be on a 150-hectare site and will house industrial, commercial and service sector companies, is "Michatoya Pacífico" and will require an initial investment of $13.8 million.

Panama: Three More Companies Operate in Free Zone

November 2016

Two companies in the food industry and one assembler of electrical panels have invested $11 million to start operating under the free zone regime in the country.

The companies are Caribbean International Foods, Inc., which is engaged in the preparation of bakery products, Industrias Romanina, S.A., which produces tomato sauces, and Quadrotek, S.A., which assembles electrical panels. The companies were founded with Spanish, Argentine and Jamaican capital.

Costa Rica: Investment in Free Zones Still Falling

April 2014

For third year in a row investment flows from foreign companies in the free trade zone have decreased.

The uncertainty generated related to taxes and the loss of competitiveness of Costa Rica compared with other countries also affects the free zone regime, which in 2013 received foreign direct investment (FDI) of $528 million, 12% less than in 2012, according to figures from the Central Bank of Costa Rica.

Costa Rica will give priority to reforming free zones

January 2009

During the first quarter, the Ministry of Foreign Trade (Comex) will send the bill to the Assembly in hopes of getting it passed during the first quarter of the year.

According to nacion.com, "the objective is to guarantee that companies remain in the country, to encourage them to reinvest and to have a clear legal framework to attract new companies.

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