What Can be Sold in Colon Free Port

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.

Tuesday, October 11, 2016

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.

The Minister of Commerce and Industry, Augusto Arosemena, told Laestrella.com.pa that "... following the recommendations made by the Advisory Board of Colon Free Port, a list of products showing what will be able to be sold under the tax free system was presented to President of the Republic, Juan Carlos Varela, which was approved. "

See full list in the decree (in spanish).

More on this topic

Panama: Registration of Companies in Colon Free Port

December 2016

Those 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.

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.  

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Panama: Incentives for Investment in Colón

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

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

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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 "...

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