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It started operations in 1948 and occupies about 600 acres. It is located near the Atlantic Sector Entrance of the Panama Canal. Divided in two big areas: one located in Colon City, segregated from the city itself by a wall; and the other relatively new, in the France Field area, which is designated for warehouses covering 130 acres and at a distance of only 400 yards from the Colon commercial sector.

Services

Nowadays there are more than 1400 companies established in this place, which can count on all the services and facilities offered by the Free Zone, for importing, storing, assembling, re-packing and re-exporting products from all over the world: from all types of electric appliances to pharmaceutical products, liquor, cigarettes, office and home furniture, clothing, shoes, jewelry, toys, etc. It is considered the "Trading Showcase" of Central and South America as well as for the Caribbean region.

The Colon free Zone is an important supplier of goods to other free zones such as the one on San Andres Island (Colombia) and Margarita (Venezuela), and also the Aruba Trade Center. All that gives the Colon Free Zone the right to be called "The First Free zone of the Western Hemisphere".

Advantages

The existence of modern seaports with the most modern facilities, container ports, direct access through the Pan-American Highway, air access, and trains daily transporting containers from the Pacific Ocean to the Atlantic Ocean.

colon free zone

Dividends arising from external operations or from those operations that are executed or consumed abroad are tax-free. There are no Capital Investment Taxes. Municipal or Local Taxes do not apply to firms operating in the Free Zone and there are no taxes on shipments to or from the Free Zone from or to anywhere in the world.

How to establish

  1. A company can build its own store, warehouse or industrial plant on lots leased from the Free Zone Administration. A minimum of 60% of the merchandise has to be exported.
  2. Lot lease agreements are signed for 20-year periods and the commercial buildings are leased for one-year renewable periods.
  3. A representative or agent, whose clients can be any number of companies, may build a warehouse under the same terms and conditions as an individual company.
  4. Any particular company may enter into a private agreement with a representative or agent who is already established in the Free Zone, so they can receive, store and distribute its merchandise or product in accordance with the instructions given by the companies. The ownership title stays with the company that owns the merchandise. In this case, also 60% will have to be exported.
  5. 1. Companies or natural persons can rent spaces in the public warehouses in the Colon Free Zone, at a monthly rate of ˝% on the F.O.B. value of the stored merchandise.

Official Information

For more details, write to:

Lic. Jorge Fernández
Colon Free Zone General Manager
P.O. Box 1118
Colon, Republic of Panama
Fax: (507) 245-2165

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