Known as the worlds second largest free trade zones, the colon free trade zone is considered as panamas dutyfree heaven. It is currently the worlds second largest free trade zone trailing hong kong but is much more accessible. Explore colons sunrise and sunset, moonrise and moonset. Special economic zones in panama harvards growth lab. 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. The colon free trade zone has been in operation since then. Find freight forwarders and custom brokers in colon free trade zone. The panama free trade zone, also called the colon free trade zone cfz, offers numerous benefits to international and offshore businesses.
Colon free zone cost of establishment panama logistics portal. Welcome to the portal of the worlds second largest duty free trade zone. If you are interested in doing business or setting up operations in the colon free zone, please carefully read the following. Tax advantages of the colon free trade zone tax strategies. Hotels near colon free zone hotels near colon free zone, current page. May 17, 2016 drove over to colon from panama city to site see and shop duty free. A brief walk into free zone at colon, panama, in september 2014.
Dualtec cargo panama have both an office and a warehouse in colon free zone, which shows sustained growth of our organization and commitment to. Tax advantages of the colon free trade zone located a few kilometers from the panama canal, the colon free trade zone was created by decree law no. Also, the second largest free trade zone in the world, the colon free trade zone. Export processing zones, industrial estates of fering special incentives and facilities for manu. 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. The special economic zone is close to the panama canal through which transits around 6% of all global trade. In this panorama there is a huge fire in the free zone. Choose a date and time then click submit and well help you convert it from colon, panama time to your time zone. Colon free zone statistics panama logistics portal. Net compresor toyota land cruiser 2015189 10sr17c 8pk 12v 10 compresor subaru forester 2014114 dkv14g 4pk 12v valeo. Our tour guide told us they lost two firemen fighting it, apparently it. In june 2016, the largest infrastructure project since the panama.
Choose from 5 hotels and accommodations within a mile of colon free zone, including these picks. 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. Minimum three letter term required home page search. Search our extensive database of products, services, brands and companies in the colon free zone. The colon free trade zone is a free port in panama dedicated to reexporting a wide variety of merchandise to latin america and the caribbean. The colon free trade zone regional distribution center for. Report panama port development nederlandwereldwijd. Colon is home to 7 hotels and other accommodations, so you can find something with the amenities youre looking for.
Oct 10, 20 panama tax incentives have recently been strengthened by various laws that provide tax breaks and other benefits to companies that operate in panamas largest tax free processing zones, the colon free zone, and the special economic area, panama pacifico. It is the capital of panamas colon province and has traditionally been known as panamas second city. The colon free trade zone cfz offers a remarkable opportunity to u. As you plan your holiday retreat, youll find 7 hotels and other lodging accommodations to select from in colon. Freight forwarders and custom brokers in colon free trade. Dec 08, 2007 this is in port at colon panama on the carnival liberty cruise ship. It is currently the worlds second largest free trade zone trailing hong kong but is much more accessible for merchants from throughout latin america. Known as the worlds second largest free trade zones, the colon free trade zone is considered as panama s duty free heaven.
Yellow fever in colon and panama is an article from public health reports 18961970, volume 20. In 1948 the republic of panama began a project to solve two basic needs at both the national and international levels. The current panamanian government has contracted the services of various consultancies to survey the best minds globally to try and forecast the possible scenarios for not only the colon free zone but the other special regimes that have emerged due to the free zones success. If youd like to find things to see and do in the area, you might want to stop in and see colon 2000 and gatun locks. Want to see the time in colon, panama compared with your home. Print download pdf send link email captcha click to try a new captcha indicates required field. 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. The panama ports company, the balboa port, and the interoceanic railway are 7 km away whereas the psa international terminal is just at a distance of 5 km. The worlds second largest duty free trade zone after hong kong. One of the worlds largest free trade zones the colon free zone is a key entity to the panama canal. The colon free trade zone was created in 1948 and is the 2 nd largest in the world behind hong kongs.
Shopping is a favorite activity, so consider an excursion to colon 2000 and colon free zone. Panama logistics web portal developed by georgia tech panama logistics innovation and research center colon free zone statistics panama logistics portal english espanol. Business panama colon free zone and other free zones. Shopping at the colon free trade zone panama city forum. The key factors that influence our investment in panama include its economic stability, its strategic geographic location and its excellent connectivity with other latin american countries. 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. Pdf the paper investigates the emergence of panama as a major intermediary. Sell through panama s colon free trade zone to the region a u. Submit feedback contact us social media privacy policy foia disclaimer about us usa. The colon free trade zone is a free port in panama dedicated to reexporting a wide variety of.
Colon free zone, panamapacific and city of knowledge. Pdf the panama canal is currently in the process of a major expansion effort. 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 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. A couple of additional sights to add to your agenda are gatun locks and monument to christopher columbus. Can the cfz maintain its relevancy in light of the above challenges. The largest in the americas and the second largest free trade zone in the world. Colon is a relaxing city travelers enjoy for attractions such as the shops. Simply type your search term in below and let us find you a business partner. Our client is also required to deposit a guarantee payment. Playing a crucial role in panamas economy, our free.
One, the modernization of the economic service sector, and the other, a mechanism without precedent to streamline regional commerce on a large scale. Panama tax free zones panama offshore legal services. Below are the different ways to establish operations in the colon free zone. The colon free zone is a gigantic entity at the atlantic gateway to the panama canal, dedicated to reexport an enormous variety of merchandise. The colon free zone, with over 2,500 companies operating within its 450 hectares, is not only the worlds biggest free zone after hong kong, but the best geographically located, and therefore the one with the best, most efficient and fastest distribution facilities.
Travelers like the surrounding area for its shopping. Panamas new president announced a plan to turn the whole city of colon into a free trade zone. 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. Colon free zone offers attractive and competitive cost for national and international companies willing to establish within this free trade area. 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. Are there hotels near colon free zone with parking. Each of them offer different kinds of tax breaks based on their intended purposes. Current local time in colon, panama worldtimeserver. As with most of colon it is a bit rundown, but only a short taxi ride away. Pdf impact of the panama canal expansion on the panamanian. Get colons weather and area codes, time zone and dst. While the cdc describes areas that were once part of the canal zone as being free of either disease, colon occupies a curious middle ground because while the.
Panamas colon free zone set for citywide expansion. Fees costs for warehousing and forwarding services from the colon free zone. Panama pacifico and colon free trade zone escape artist. Of course, the more you spend the lower the percentage.
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