Panama Free Zones.
Free Trade Zones are delimited areas within the Panamanian territory, of free enterprise, in others words, refer to industrial activities of goods and services, or commercial activities that are developed under special legal and tax regulations.
Its main purpose is none other than: to be an instrument for the creation of new jobs and the promotion of new investments.
Currently in Panama there are an average of 12 active Free Trade Zones and others in development. They are under Law 32 of April 5, 2011 and regulated under Executive Decree number 67 of April 11, 2017.
Among the incentives offered by the free zone, the following stand out:
- Exemption from taxes and import duties on materials, goods and services required in the operation.
- Exempt from income tax on lease and sublease.
- Permanent Resident Visa as an investor.
- Temporary Residence Permit for trusted personnel (managers, technicians, IT specialists, among others).
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