On Thursday, we went to a logistic park called Parque Sur as well as CEVA, one of the logistics companies located in the park. Just as P&G and Unilever selected Panama to have their regional headquarter, many transportation and logistic firms are establishing their headquarters in the Parque Sur because of the high connectivity to airports, ports, Panama city, and Colon area. One of the other reasons that companies prefer to utilize Panama is that Colon Free Zone offers tremendous benefits companies, including zero tax on export activities income and zero import duties.
As visiting companies and facilities for two weeks in Panama, many people told us that Panama Pacifico, a special economic zone, is becoming another hotspot for transportation and logistics. Besides the benefits that CFZ has, Panama Pacifico has no international phone calls tax, no remittance tax, and no licensing tax and so on. I wish we had a chance to visit Panama Pacifico to learn more about the reasons that the are is becoming more attractive for companies.
Yuki
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Read more from Yuki at https://yukiinpanama.wordpress.com/
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