Zona Libre Panama
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?
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.
Where is Panama exactly?
The Republic of Panama is located in Central America. The border countries are Colombia and Costa Rica. The population is approximately four million people. Although it is a small country, it is one of strongest economies in Latin America as it is strategically located as the doors to the region. The language that is spoken is Spanish but there is a large English speaking community. The Republic of Panama also enjoys economic stability thanks to the use of the US dollar as its legal tender which fluctuates less than other currencies in the region. A large banking center, a strong insurance industry and high tech ports also contribute to the success of this zone. It is also the home of the famous Panama Canal which allows ship to cross from the Pacific to the Atlantic and vice versa in less than one day. This saves a valuable amount of time and money.
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.
Quick facts:
*Most important tax free zone in Latin America and the Caribbean
*Second largest Tax Free Zone in the world after Hong Kong
*Over 350 hectares
*Over 2000 wholesale businesses
*Over 200 000 buyers visiting the zone every year
*Over 25 000 employees
*More than 10 billion worth of imports and exports yearly
In 2014, the expansion of the Panama Canal is expected to be completed. This will allow Post Panamax ships to use the locks as well. This will further contribute to the growth of the Zona Libre Panama.
What is a Zona Libre?
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.
Where is Panama exactly?
The Republic of Panama is located in Central America. The border countries are Colombia and Costa Rica. The population is approximately four million people. Although it is a small country, it is one of strongest economies in Latin America as it is strategically located as the doors to the region. The language that is spoken is Spanish but there is a large English speaking community. The Republic of Panama also enjoys economic stability thanks to the use of the US dollar as its legal tender which fluctuates less than other currencies in the region. A large banking center, a strong insurance industry and high tech ports also contribute to the success of this zone. It is also the home of the famous Panama Canal which allows ship to cross from the Pacific to the Atlantic and vice versa in less than one day. This saves a valuable amount of time and money.
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.
Quick facts:
*Most important tax free zone in Latin America and the Caribbean
*Second largest Tax Free Zone in the world after Hong Kong
*Over 350 hectares
*Over 2000 wholesale businesses
*Over 200 000 buyers visiting the zone every year
*Over 25 000 employees
*More than 10 billion worth of imports and exports yearly
In 2014, the expansion of the Panama Canal is expected to be completed. This will allow Post Panamax ships to use the locks as well. This will further contribute to the growth of the Zona Libre Panama.
About the Author:
David Bess specializes in helping businesses successfully import and export with Latin America. To access to his valuable resources, tips and links, click here Al por mayor. This article, Zona Libre Panama is available for free reprint.
