Panama: Registration of Companies in Colon Free PortThose interested in taking part in the pilot project must be recorded in the ZLC in order to be able to set up in one of the 16 streets in the city of Colon where the special system is in effect.Tuesday, December 6, 2016
The store Nevada, which sells health and beauty items, was the first to purchase a property in one of the 16 streets in which the special system will be in effect. According to Maria Vanessa Ford, executive secretary of the Colón Free Port (CPL by its initials in Spanish), an electronics company and another company dealing in clothing, cosmetics and perfume will be part of the system under a test environment. Source: Prensa.com Colon Free Port is looking for CompaniesDecember 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. What Can be Sold in Colon Free PortOctober 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. Colón Free PortSeptember 2016 Two companies have already registered in the system that allow operators in the Colon Free Zone to open subsidiaries for retail sales in the 16 blocks of the area undergoing a redevelopment process in the old town of Colon. Panama: Colon Investment Incentives Come into EffectAugust 2016 With the entry into force of the law firms operating in Colon Free Zone will be able to open a retail sales branch in the 16 streets which make up the ´Casco Antiguo' area.
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