FDI Magazine has recognized Panama as being among the top 10 best cities for cost-effectiveness, in addition to the top 10 American cities of the future.

The award "is for the work in promoting incentives laws, export promotion and development of free zones and special economic zones, in order to achieve concrete results such as reducing unemployment, increasing foreign direct investment and sustainable economic growth," said Ricardo Quijano, Minister of Commerce and Industry.

Source: Panamaamerica.com.pa

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Special Economic Zone for El Salvador

July 2018

A proposal has been made to create a special economic zone in 26 municipalities in the southeast of the country, which would provide tax incentives for activities related to clean energy and the prospecting of natural gas and oil.

The Executive presented to the Legislative Assembly a preliminary draft of the Law on the Special Economic Zone of the Southeast Region of El Salvador, which has the objective of developing 26 municipalities of Usulután, San Miguel and La Unión.

Free Zones an Attractive Option for Chiriqui

April 2012

More businessmen are considering setting up in industrial zones in the Panamanian province, where with an investment of $250,000 and two hectares of land they can install themselves in a free zone.

Law 32 of 5th April 2009 allows holders of an area of two hectares, plus an investment of $250,000, to establish free trade zones, which, according to several businesses, is a good option for a province under development, reports Prensa.com.

Benefits of the Law on Investment Incentives

April 2012

Some 58 multinationals have settled in Panama in the past two years, particularly in the special area of Panama Pacífico, contributing $40 million with the start of their operations.

The Minister of Trade and Industry, Ricardo Quijano, said the opening of these 58 multinational operations contributed $40 million and multiplied opportunities for economic growth.

'Panama Invest’ Bears Fruit

October 2011

Efforts to promote the country in Sao Paulo, Toronto and Madrid among other cities, are now generating tangible results.

25 multinational companies from around the world have expressed interest in setting up in Panama under the Law of Multinational Corporations (SEM in Spanish).