New Economic Development Zone EndorsedFriday, December 18, 2020 In Guatemala, the Miel Verde project, Special Public Economic Zone, was approved. In its first phase of development, it will require an investment of close to $4 million and will be located in the municipality of Río Hondo, department of Zacapa. The new special zone will have a total area of 23,544 square meters, however, in the first phase only an area of approximately 5,173 square meters will be developed. Free Zone Law Moves Forward in Costa RicaWednesday, September 9, 2009 The Economy Commission approved the project, which now moves on to the legislative plenary. Companies located in the Greater Metropolitan Area (GAM) will have to pay 6% income tax for the first 8 years and 15% for the following 4. Costa Rica: Modifications to Free Port Law ProjectThursday, August 13, 2009 Suppliers selling at least 40% of their production to free port companies will enjoy the benefits of the tax regime. Previously, the benefits were granted to suppliers with "a significant portion", without establishing percentages, a far too wide concept. 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. 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." Analysis of the Panamanian Law on Free ZonesMonday, September 12, 2011 The goal of the new law is to provide optimal conditions for generating maximum efficiency and competitiveness. In April this year a new law was approved governing the operation of free zones in the country, where many foreign companies have decided to settle because of the benefits the scheme provides. 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): Costa Rica: Investment Encouraged East of San JoseThursday, November 3, 2011 An economic coalition has been set up to promote investment and create jobs in the country's old capital of Cartago. The over-supply of office space in the west of the Costa Rican capital has led to increased growth in the east where it is becoming more and more common to see new real estate developments such as offices and malls. Panama: Operations in the Colon Free Zone (ZLC) grew 12.1%Friday, October 10, 2008 Import and re-export activity in the Zone reached $13.92 million. Imports totaled $6.44 billion, an increase of 15.9%, while re-exports totaled $6.65 million for an increase of 8.5% in the same period, according to information provided by the manager of that entity, Nilda Quijano, during presentation of the budget in the Budget Commission of the Assembly. Update on Free Zones in Costa RicaThursday, August 18, 2016 In 2015 331 active companies were registered, of which 52% are devoted to services, 45% to manufacturing and the remaining 2% to the food industry. From the executive summary of the study by PROCOMER "Balance of Free Zones: Net profit regime for Costa Rica 2011-2015": Trade Increase at Colon Free ZoneMonday, January 24, 2011 In November 2010 the CFZ increased its sales by $ 1.84 million compared to 2009. The statistics by the Comptroller General showed sales until November 2010 of $ 19.9 million, compared to the $ 18.09 million of the same period last year. Costa Rica Defines Which Sectors Will Benefit from Free Zone BillTuesday, November 16, 2010 Authorities published which sectors will benefit from the regulation passed on January 2010. These include companies employing at least 200 people, those who devote at least 0, 5% of its sales on research and development in local operation, those certified ISO 14000, LEED or equivalent at its plant in Costa Rica or connected with cutting-edge industries in various fields. Panama: 11.6% Decrease in Free Trade Zone ActivityMonday, April 6, 2009 Companies located in the Colón Free Zone (ZLC) have reported a decrease of 11.6% during the first three months of the year. The above is in comparison to the same period last year, according to the manager of the ZLC, Nilda Quijano. Costa Rica: Deadline for Golfito Tender ExtendedTuesday, March 22, 2011 The tender originally scheduled for March 10 was rescheduled for April 28. Four objections were filed in February before the Comptroller General of the Republic, which said he partially accepted three of the four claims. This prompted the postponement of the deadline. Expectations in the Colon Free ZoneMonday, June 18, 2012 The Zone’s directors expect more freight movement, further processing of products and employment generation. Economic growth in the Colon Free Zone is unquestionable. The volume of exports and imports in 2011 reached $29.126 billion, growing by 56% over the past three years. |
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