PANAMA PACIFIC

A special economic zone in Western Panama that serves as a hub for:

  • Manufacturing.
  • Logistics services.
  • Business activities.
  • And non-traditional services, with an ecological residential area.

Contains areas dedicated to warehousing and distributions centers, manufacturing, commercial offices, airport and residential oerations.

Laws:


 

The established companies benefit from an environment conducive to investment:

  • • Economic and social stability, hallmarks of Panama.
  • World-class infrastructure.
  • Logistics and electronic processing services.
  • Connectivity advantages.
  • Quality of life.

  • 8,600+ jobs created.
  • 250+ established companies.
  • It has a dedicated International Airport.
  • High level residential complex.
  • Import tax exemption (except for merchandise to be sold within Panama).
  • The exemption from income and sales tax for specific business activities.
  • The exemption from taxes on dividends, license and real estate taxes..
  • Foreign workers can be employed within 10 and 15% of ordinary workers.
  • Permission for permanent staff within 10% of ordinary workers with the option to opt for permanent residence after 2 years. 
  • Flexibility to set the weekly rest day on a day other than Sunday.
  • One-stop scheme for visa and permit procedures for foreign employees.
  • Special Rate visa category as an Investor of the Panama Pacific Special Economic Area.
  • The visa benefits extend to the worker's immediate relatives.

Incentivized Activities


  • Regional headquarters and services.
  • BPO, ITO, KPO and call centers.
  • • Film Industry (Law 36 of 2007)
  • Logistics distribution and services.
  • ICT services and data processing of R&D of WEB applications.
  • Processing, manufacturing and assembly.