Panama: Concessionary Award Offered for Duty Free ShopsThursday, November 10, 2011 Tocumen Airport’s administration has announced a concessionary award for shops selling luxury leather goods. Businesses have until November 11 to request the conditions. The date of submission of bids is scheduled for December 20. Tender for Duty Free Shops at TocumenWednesday, August 17, 2011 Later this month will see the auction of shop spaces in a tax-free area at Panama's Tocumen International Airport. The sectors invited to participate in the bidding process are, consumer electronics, perfume, leather goods and spirits. $4.4 million for 80 meters in TocumenTuesday, April 3, 2012 Space in the duty free section of the Panamanian international airport is being given in concession via tenders where bids are in the millions. An offer has been made by Waked International Inc. (Wisa) superseding that of Motta International in a tender for 80 meters of commercial space in the north terminal of Tocumen International Airport. Tax Reform Will Not Affect Free Zone IncentivesThursday, July 12, 2012 Representatives of the Government of Nicaragua have made assurances that the tax reform will not affect the incentives announced in the FTZs. The presidential delegate for the Promotion of Investment and Trade Facilitation, Alvaro Baltodano said, "What's in free zones, stays as it is, it will not change." Economic Development Zone Begins OperationsMonday, November 30, 2020 In Guatemala, the "Puerta del Istmo", a Special Public Economic Development Zone located in Pajapita, department of San Marcos, began operating. In October 2019 CentralAmericaData reported that Guatemalan authorities had approved the operation of a Special Public Economic Development Zone (ZDEEP) called "Puerta del Istmo". The complex located in San Marcos became the second EPZ to receive approval, as the first to be approved was "Michatoya Pacifico." 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. More Jobs at Nicaraguan Free ZonesFriday, June 11, 2010 Three new companies will open in the country and four will expand operations; this will add an estimate 10.000 jobs. Alvaro Baltodano, from the National Free Zone Commission, explained that new companies Scmith Irmaos, Draxelmaier and Hansol will employ 4.000 people. Free Zones Project More BusinessThursday, July 12, 2018 The union of free zones in the Dominican Republic and the Colon Free Zone in Panama signed an agreement to promote trade between both countries. Best practices and customs processes, exchange of experiences and joint promotion of trade between Panama and the Dominican Republic, are some of the agreed points, according to representatives of the National Council of Free Trade Zones (CNZFE) in the Dominican Republic. Second Economic Development Zone ApprovedTuesday, October 22, 2019 The second project was authorized in Guatemala to install a Special Public Economic Development Zone, which will require an initial investment of $16 million and will be located in Pajapita, department of San Marcos. "Puerta del Istmo" is the name of the industrial park, which will be on a 160-hectare site and will house industrial and logistics companies. No Industrial park in Northern Costa RicaTuesday, February 1, 2011 The 2008 project to develop a business park in the north is still stalled. Representatives of the project explained the reasons for the delay, from the global economic crisis which began in late 2008 to the lack of road infrastructure and energy. Panama: A Unique Free Zone LawThursday, October 22, 2015 The private sector is calling for a unique legislation that guarantees equal access to free zone regimes both for domestic and foreign companies. From a statement issued by the Panamanian Association of Business Executives (APEDA): New Changes to Free Zones ActThursday, September 13, 2012 Organizations and unions of Salvadoran maquila workers have proposed the creation of an insurance policy guaranteeing payment of 100% of salaries in the event of closure of business operations. The bill envisaged by organizations and unions also proposes sanctions such as loss of tax benefits for a period of three months for those companies who commit very serious offenses. Investment in Free Trade Zones IncreasesTuesday, May 28, 2019 In the Dominican Republic, contracts were approved for the development and operation of four parks in export processing zones and 13 permits for the installation of companies. The National Council of Export Processing Zones (CNZFE) reported last May 21 that it approved permits for two new parks of processing zones to be built in Boca Chica, and another in Nigua. Furniture Factory Evaluates Setting Up in HondurasTuesday, May 17, 2011 Representatives from the American company Allen Global Inc. have expressed interest in installing a factory in the Industrial Park Free Zone. Company representatives said that setting up a factory there would generate 400 direct jobs. Investment Incentives in Costa RicaThursday, March 4, 2010 Different areas of the country are offering benefits such as tax exemptions and assistance in getting patents and permits. The municipalities of San Carlos, Pococí, Liberia, Grecia and Central de Puntarenas are developing different plans to attract domestic or foreign investors. |
|