III Expo Free Zones ForumTuesday, August 13, 2013 On 22nd and 23rd of August entrepreneurs from 10 American countries related to activity of free zones will be meeting in Panama. Representatives from Colombia, the Dominican Republic, Guatemala, Uruguay, the USA, Paraguay, Brazil, Ecuador, Argentina and Panama, will be taking part in the event organized by the Association of Users of the Colon Free Zone (AU). Company Profile
San Miguel Industrial Park is the only park that owns a construction and consulting company. We offer the Free Zone location with the perfect building to suit your manufacturing needs. Our flexible layouts allow an easy future growth. Because of this fact we can offer exactly what our clients need at a very competitive price. Clients can own a building or they can enter a lease agreement. Because of this flexibility many world known companies have chosen to work with us. We are licensed to build in Honduras providing the best free zone laws in the industry maximizing profitability. Conference Zones in PanamaMonday, October 27, 2014 From 12 to 14 November representatives from free zones in Latin America will be gathering together in Panama City to discuss issues such as changes in legislation and the role of free zones in the logistics chain.
More Services in Isla Margarita Free ZoneFriday, April 20, 2012 The new container terminal will boost the development of value added services for the maritime industry, such as maintenance of Post Panamax ships. The construction of a Container Terminal with three wharves at Isla Margarita Free Trade Zone (Colon Province) will attract value-added services such as maintenance of and Post Panamax and Super Panamax ships, said the Vice Minister of Foreign Trade, José Pacheco Tejeira. Panama: Improvements to Free Zones LawTuesday, January 20, 2015 An initiative from the panamanian private sector seeks to simplify the law, providing investment incentives for a period of not less than 10 years and expediting the approval of operating licenses. Other proposals covered in this law reform include the creation of the National Council of Free Zones, the aim of which is to be the sole supervisor of the sector. Colon Free Zone Facing Tough 2013Wednesday, July 10, 2013 According to the Association of the CFZ, if it were the end of 2013 now, the Zone would be recording losses of $1.5 billion. Surse Pierpoint, president of the Association, explained that the main causes are the protectionist measures implemented by Colombia and Venezuela, two of the main customers of the CFZ. Panama: New Law for Colon Free ZoneMonday, March 28, 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: Tocumen Could Become Free ZoneMonday, March 14, 2016 The 50 companies already operating at Tocumen's airport facilities will be able to access free trade zone incentives if the request made by the administration of the terminal is approved. The documentation was submitted to the National Commission of Free Zones at the Ministry of Trade and Industry (MITI), and there will be a 30 day period to review and approve the application. Panama: Incentives for Logistics SectorMonday, August 30, 2010 The private sector initiative presented to the government would create "free trade zones" especially for logistics activity. Albert White, a businessman from Panama's logistics sector, commented that in conversations held with the government, the need to modify Law 25 from 30 November 1992 was discussed. This law relates to incentives to exporters, which could be extended to transport, shipping, storage and communication companies in the logistics sector. How to Reinvigorate the Colon Free ZoneFriday, March 18, 2016 A Brazilian firm will carry out a diagnosis, review of the business model, and propose business and legal strategies to revive the competitiveness of the free zone. From a statement issued by the Ministry of Economy and Finance of Guatemala: Panama: Improvements to the Colon Free ZoneSunday, February 28, 2016 The government is proposing relaxing charges for maritime entry, waste collection, and security, and is awaiting a response from users of the Free Zone on 1 March. The proposal sent by the Government of Panama to the Association of Users of the Colon Free Zone (AU) provides for reductions in the charges for maritime entry from $150 to $25, as requested by the AU, a reduction in the fee for waste and security services and a change in the use of the declaration of commercial movement. Pressure to Implement Single WindowTuesday, August 13, 2019 Five months after the regulations for the creation of the Single Window of Procedures for the Colon Free Zone were approved in Panama, businessmen are asking for their implementation to be accelerated. At the beginning of April, it was reported that the Board of Directors of the Colon Free Zone (ZLC) approved the resolution regulating the creation of the Single Window of Procedures (VUT) and its procedures to expedite trade in the free trade zone, however, so far the window in question still does not work. Guatemala: Incentives for Free Zones ExpireThursday, January 29, 2015 The business sector is demanding that the government take action to minimize the impact of the expiry at the end of the year of tax incentives granted to foreign firms in free zones. About 1,300 companies enjoy the benefits granted by the World Trade Organization, which expire on December 31 this year. Two companies have already moved their operations to other countries, according to the Ministry of Economy of Guatemala. Dominican Rep. Investment in Free Zones Up 6%Tuesday, April 21, 2015 At the end of 2014, exports from free zones totaled $5,242 million, equivalent to 53% of total exports from the country. The sectors that reported the most exports are medical and pharmaceutical products with 25%, textiles 24%; electrical products, with 14%; tobacco and derivatives, with 11%; footwear and components, with 9%. More Infrastructure for Panamanian Free Trade AreaTuesday, April 12, 2011 A $75 million project known as Leona includes a trade center, storage facility and 9 buildings each with 15 or 16 commercial premises. The project's manager for developer Investor Continental Group, Daniel Cachafeiro, added that the increase in demand for new commercial premises is the reason for the expansion of the Colón "free zone" (Zona Franca or ZFA in Spanish) - an area receiving free or preferential tax rates. |
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