Panama: Incentives for Investment in Colón

Companies in the Colon Free Zone will be able to open retail sales branches in the 16 streets of the 'Casco Antiguo' area.

Tuesday, March 15, 2016

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

The full National Assembly approved on its third reading Bill No. 222, which amends and adds articles to Law 29 of December 30, 1992, for the effective implementation and operation of a Special System for the province Puerto Libre of Colon.

This legislative proposal will encourage commercial affluence in Colon, under the extension of the beneficiaries, but with the prudence of setting limits on purchases by citizens and residents in Panama.

Read: "Businessmen: 'Proposal for Colon Free Zone is Not Enough'"

More on this topic

What Can be Sold in Colon Free Port

October 2016

Among the goods which will be able to be sold tax-free in the 16 streets in Colon are articles of clothing, footwear, jewelry, phones and watches, among other things.

From December 4 the list of goods which will be able to be sold duty free, within the 16 streets of Colon, will come into effect. Some of the items that were added to the list are: confectionery, electronics, televisions, computers, toys, perfumes, shoes, watches, and jewelry.

Panama: New Law for Colon Free Zone

March 2016

MEPs have given the green light to legislation that modernizes the legal framework of the free trade zone, including the consolidation of business operations under other schemes.

From a statement issued by the National Assembly of Panama:

67 years after the creation of the commercial emporium, the plenary of the National Assembly approved on its third reading Bill No.

New Business Model for the CFZ

February 2015

A bill seeks to revive business activity in the Colon Free Zone, allowing for, among other things, purchases to be made via the web.

The main objective of the Ministry of Commerce and Industry of Panama is to modernize the way business is done in the Colon Free Zone and reinvigorate trade with measures that will facilitate "...

Panama Denounces Colombia Tariffs as Too High

May 2013

The amount Colombia imposes as tariffs on products from the Colon Free Zone exceeds that authorized by the World Trade Organization.

Ricardo Quijano, Minister of Commerce and Industry in Panama, said he understands that Colombia can place this type tax on products, but the complaint is that there is a limit imposed by the World Trade Organization (WTO) and the tariff should be lower.

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