Panama: Three More Companies Operate in Free Zone

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.

Monday, November 7, 2016

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.

Deputy Minister of Foreign Trade, Nestor Gonzalez, told Prensa.com that "... With these new investments, the total number of companies established in free zones amounts to 163, with an accumulated investment so far this year, of $55.95 million."



More on this topic

Panama: More Investments in Free Zone

May 2015

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.

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.

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.

Investment in Free Zones in Nicaragua

February 2014

The union of Private Free Zones plans to build five new business parks in 2014.

In 2014 the plan is to supercede the investment of $150 million which was made in 2013, with the implementation and establishment of new zones to boost the arrival of new businesses in sectors such Chontales where there is a new bridge over the San Juan river and the new Acoyapa-San Carlos road which is an export route for Puerto Limon, 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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