The Colon Free Zone, better known as Zona Libre Panama to the Latin Americans, is the second largest tax free zone in the world after Hong Kong.
What is a Tax Free zone?
It is a geographical area that allows companies located in this zone to import and export products without paying any duties. This allows products to stay competitively priced when it arrives at its final destination.
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.
Advantages of buying from the Zona Libre Panama
Thanks to the Panama Canal, the Zona Libre Panama is ideally located at the crossroads of the world.
Quick facts:
*Largest and most important tax free zone in the Americas
*Second largest tax free zone after Hong Kong
*More than 400 hectares
*2500 wholesale companies
*Over 200 000 buyers visiting the zone every year
*Over 25 000 employees
*14 billion import and exports every year
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 Tax Free zone?
It is a geographical area that allows companies located in this zone to import and export products without paying any duties. This allows products to stay competitively priced when it arrives at its final destination.
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.
Advantages of buying from the Zona Libre Panama
Thanks to the Panama Canal, the Zona Libre Panama is ideally located at the crossroads of the world.
Quick facts:
*Largest and most important tax free zone in the Americas
*Second largest tax free zone after Hong Kong
*More than 400 hectares
*2500 wholesale companies
*Over 200 000 buyers visiting the zone every year
*Over 25 000 employees
*14 billion import and exports every year
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 start buying and selling with this zone, Colon Free Zone. There is a wealth of information available in Spanish. To access these resources, Zona Libre Panama.
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