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The Zona Libre Panama, better known as the Colon Free Zone, is one of the most important tax free zones in Latin America and the Caribbean. It is the second largest tax free zone after Hong Kong.
What is a Zona Libre or Tax Free zone?
It is a zone where companies can export and imports goods without paying any duty. The benefits for buyers are that the final price of the products stay competitive in order to sell better.
Information about the Republic of Panama
The Republic of Panama is located in Central America sharing borders with Colombia and Costa Rica. Although it is a small country with a population of only four million people, it is one of the strongest economies in Latin America. It also enjoys economic stability thanks to the use of the American dollar and a striving democracy. A large banking sector and modern ports also contribute to its success. The Panama Canal contributes greatly to the dynamic trade of this country by allowing goods to be shipped more efficiently from the Atlantic to the Pacific and vice versa. Ricardo Martinelli, who has been the president since 2009, has promised to make the country into the best place to do business in Latin America.
The benefits of buying from the Zona Libre Panama
It is strategically located thanks to the Panama Canal which is often referred to at the crossroads of the world.
Facts:
*Largest and most important tax free zone in the Americas
*Second largest tax free zone after Hong Kong
*Over 350 hectares
*Thousands of wholesale companies
*Over 200 000 buyers visiting the zone every year
*27 000 employees
*More than 10 billion worth of imports and exports yearly
The expansion of the Panama Canal is expected to be finished by 2014. This will allow Post Panamax ships to cross the gateway and will surely help make the Zona Libre Panama even more dynamic.
What is a Zona Libre or Tax Free zone?
It is a zone where companies can export and imports goods without paying any duty. The benefits for buyers are that the final price of the products stay competitive in order to sell better.
Information about the Republic of Panama
The Republic of Panama is located in Central America sharing borders with Colombia and Costa Rica. Although it is a small country with a population of only four million people, it is one of the strongest economies in Latin America. It also enjoys economic stability thanks to the use of the American dollar and a striving democracy. A large banking sector and modern ports also contribute to its success. The Panama Canal contributes greatly to the dynamic trade of this country by allowing goods to be shipped more efficiently from the Atlantic to the Pacific and vice versa. Ricardo Martinelli, who has been the president since 2009, has promised to make the country into the best place to do business in Latin America.
The benefits of buying from the Zona Libre Panama
It is strategically located thanks to the Panama Canal which is often referred to at the crossroads of the world.
Facts:
*Largest and most important tax free zone in the Americas
*Second largest tax free zone after Hong Kong
*Over 350 hectares
*Thousands of wholesale companies
*Over 200 000 buyers visiting the zone every year
*27 000 employees
*More than 10 billion worth of imports and exports yearly
The expansion of the Panama Canal is expected to be finished by 2014. This will allow Post Panamax ships to cross the gateway and will surely help make the Zona Libre Panama even more dynamic.
About the Author:
To expand your distribution channels to Latin America, it is suggested to travel to the Colon free zone. To browse companies, products and resources about this tax free zone, please click on the following link Zona Libre de Panama. Also published at Zona Libre Panama Explained.
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