Reasons to consider setting up business in the panama colon free zone, description and fees of services and procedures. The services sector includes the panama canal, shipping and container port activities, and local and offshore banking and insurance services. Strategically located in the free zone of colon in panama, tessone s. It is currently the worlds second largest free trade zone trailing hong kong but is much more accessible for merchants from throughout latin america. Find their customers, contact information, and details on 319 shipments. Panamas new president announced a plan to turn the whole city of colon into a free trade zone. Find freight forwarders and custom brokers in colon free trade zone. Challenges and opportunities of a logistics hub 1 since the united states completed the panama canal in 1914 linking the atlantic and pacific oceans, an independent panama has been a hub for international trade. Known as the worlds second largest free trade zones, the colon free trade zone is considered as panama s dutyfree heaven. Why panama colon free trade zone, panama pols attorneys. During 2018, the value of exports, excluding those of the colon free zone, totaled usd 672. In a defined area of 400 hectares, the colon free trade zone is located at the caribbean entrance to the panama canal in the province of colon, and is considered the second largest free trade zone in the world and the largest of the western hemispere. It is currently the worlds second largest free trade zone trailing hong kong but is much more accessible for.
What is the best wholesale clothing store in colon free zone panama where i can buy cheap clothes. Both groups have over 40 years of experience in the field of real estate development that includes housing projects, office and commercial buildings, and industrial constructions. Panama s colon free zone ensures its importance as a crossroad for worldwide merchandise traffic. May 17, 2016 drove over to colon from panama city to site see and shop duty free. Panamas free trade zone the colon free zone is the worlds second largest free trade zone and plays an important part in panamas service economy. Known as the worlds second largest free trade zones, the colon free trade zone is considered as panamas dutyfree heaven. Hotels near colon free zone hotels near colon free zone, current page book a hotel near colon free zone, colon. Colon free zone panama, freight forwarders cargo agents. The colon free zone, established in the mid20th century at the northern end of the canal, has become increasingly important as a manufacturing, warehousing, and reexport centre similar to the maquiladora districts of other central american countries and mexico. Our financial services will bring huge savings on operating business costs for you and your company. Why panama colon free trade zone, panama most other tax haven nations such as bahamas, st. The cfz has grown rapidly to become the second largest free zone in the world, after hong kong.
Panamas colon free zone set for citywide expansion. Explore colons sunrise and sunset, moonrise and moonset. Opportunities for indian exporters in the colon free zone. Fob colon free zone is a catalog and directory of companies, products and services offered in the colon free zone, republic of panama. Sell through panamas colon free trade zone to the region a u.
Goods from foreign countries were landed and stored or repackaged there and shipped onward without being subject to panamas customs duties. In 1948 the republic of panama began a project to solve two basic needs at both the national and international levels. If youre planning to drive around colon, or if you want to leave your car somewhere safe to walk from your hotel to colon free zone, youll want to check out our deals on hotels near colon free. It is considered a unique entrepot of world commerce.
Colon owes its existence to the panama railroad which opened in 1855 as the first rail link from atlantic to pacific, making travel from the east coast of the americas to the west coast a lot easier. Originally it was located entirely on manzanillo island, surrounded by limon bay, manzanillo bay,and the folks river. Gatun is a small town on the atlantic side of the panama canal, located south of the city of colon at the point in which gatun lake meets the channel to the caribbean sea. What is the best wholesale clothing store in colon free. Kitts, nevis, vanuatu, bermuda, costa rica, belize, isle of man, etc.
The tax benefits provided by the colon free trade zone are multiple. Panamas laws have always been aimed at encouraging business, including the establishment of companies from abroad. Welcome to the portal of the worlds second largest duty free trade zone. Panama reorganizes free trade zone in colon and regulates other provisions. Cfz is located on the atlantic side of the panama canal, employs 30,000 workers, and its net exports account for 4% of panama s gdp.
The free zones several hundred factories produce read more. Looking for an ancestor in the panama canal zone, 19041914. The cargo yellow aims to be the most accurate and friendly online freight forwarders, logistics services, cargo agents and moving directory for panama colon free zone, where companies can promote their services on a global scale. The panama canal, of course is the doyen, which thrives in panama today. The cfz, in existence since 1953, was a base for 460 companies in the late 1980s. Allofthechaptersinthisbookpertainingtothe actualconstructionofthecanalwerereadandcorrected bycolonelgeorgew. If you have ever considered starting up an export business, panama is a great place from which to operate. The free zone is, however, a classic example of interaction between government and private enterprise.
It is the capital of panamas colon province and has traditionally been known as panamas second city. Dec 08, 2007 this is colon panama from the carnival liberty cruise ship on a cruise through the caribbean. Tax advantages of the colon free trade zone tax strategies. The colon free zone is the largest duty free area in the western hemisphere and 2nd largest in the entire world, behind only hong kong and it has more than 2,500 companies operating inside.
Are there hotels near colon free zone with parking. Panama s free trade zone the colon free zone is the worlds second largest free trade zone and plays an important part in panama s service economy. Colon free zone cfz was created in 1948 as an importreexport zone and today is the second largest sez in the world. This panorama shows the free zone and the city of colon. We use cookies to offer you a better experience, personalize content, tailor advertising, provide social media features, and better understand the use of our services. Freight forwarders and custom brokers in colon free trade. This is colon panama from the carnival liberty cruise ship on a cruise through the caribbean. The cargo yellow aims to be the most accurate and friendly online freight forwarders, logistics services, cargo agents and moving directory for panama colon, where companies can promote their services on a global scale. The colon free trade zone has been in operation since then. Colon panama, freight forwarders cargo agents transports. The canal ports and maritime trade spawned the colon free zone and encouraged the growth of the panama ship registry, the largest in the world, since june 1993. Get listed ec21 is the largest global b2b marketplace. The panama free trade zone, also called the colon free trade zone cfz, offers numerous benefits to international and offshore businesses.
Pay panama duty free zone wholesale orders online home. Special economic zones in panama harvard university. Business up in the colon free trade zone the panama digest. On 6 april 2016, through publication in official gazette no. This page is your free zone onestop source for the competitive prices and quality from sewing machine suppliers and manufacturers. The panama tax free processing zone investor program allows foreign investors and their families to relocate to panama and obtain panama residency by renting a plot of land, office, or an entire building with at least a 10 years lease within one of panamas tax free zones. Net compresor toyota land cruiser 2015189 10sr17c 8pk 12v 10 compresor subaru forester 2014114 dkv14g 4pk 12v valeo. The world wide web technology is the best and cheapest way to promote, network, communicate with the. Panama colon free zone complete directory of freight forwarders, cargo agents, shipping companies, air sea land river railroad transport, logistics, brokers cargo services. Print download pdf send link email captcha click to try a new captcha indicates required field.
The flames consumed a panama international tire warehouse and part of another storage facility in france field, requiring hundreds of units from panama and colon fire departments to extinguish the blaze, a task complicated by a lack of water pressure. Business panama colon free zone and other free zones. Colon free zone statistics panama logistics portal. Choose a date and time then click submit and well help you convert it from colon, panama time to your time zone. Panama tax free zones panama offshore legal services. Colon free zone, panamapacific and city of knowledge.
Plus, you can gain easy, costeffective access to a market of more than. There is tax exemption on imported goods for reexport. Wander wisely with the travelocity price match guarantee. Shopping at the colon free trade zone panama city forum. The colon free zone, located at the atlantic entrance to the panama canal, is the focal point for sea and air cargo transportation in the hemisphere. Panamas law number 18 of june 17, 1948 makes the free trade zone an autonomous institution that continues to help organizations succeed by letting them. Put a free analog web clock for colon, panama on your page, customized to match your color scheme. If you have a difficulty finding a right supplier, post your buying leads for free now. The colon free trade zone allows companies to save money by avoiding a lot of tax liabilities related to its business without terminating the extensive facilities and rights provided by this customs area. More businesses affiliate 25 a day our team is affiliating every business in panama.
Current local time in colon, panama worldtimeserver. One, the modernization of the economic service sector, and the other, a mechanism without precedent to streamline regional commerce on a large scale. Panama reorganizes free trade zone in colon and regulates. A fixture in the duty free zone for almost all of its existence, the company is one of the biggest, most successful enterprises and it possesses a business model that is emulated by countless operations, not only in panama, but worldwide. The 80% of these stores sell their products wholesale container load, bulk or by the dozen, the other 20% of stores will sell consumer products individually. The canal was 10 miles wide and about 50 miles long. A majority of panamas trade transactions are carried out in the colon free trade zone, which is one of the biggest free trade zones in the world. The colon free trade zone, panama republic of panama in 1948 the republic of panama began a project to solve two basic needs at both the national and international levels. Additionally, of the more than 120 banks from diverse countries throughout the world that make up the international financial district of panama, more than 20 participate in the financial activity of the colon free trade zone from their offices and branches located within the free trade zone commercial center. Get colons weather and area codes, time zone and dst.
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