Best Investment Opportunities Lies In The Free Trade Zone Of Colon
Colon in Panama is a Free Trade Zone enjoying
a strategic position in the Isthmus of Panama. Free Trade Zones
are labor concentrated manufacturing centers, which make the import
of raw materials and the export of factory products possible. Here,
in these export-processing zones, tariffs and quotas find no place
so foreign companies as well as domestic corporations find it suitable
for making investments.
Most of these Free trade zones find place in
developing countries and they are a boost the nation’s economy.
Free Trade Zones like Colon in Panama attract employers and a result
helps to find a way out to win over poverty and unemployment. And
how about stimulating the area's economy for that matter? Multinational
corporations occupy theses zones and they establish factories to
manufacture goods. Free trade zones actually cater an ideal platform
for businesses to thrive well and good.
Interestingly, it is found that all commodities
from raw materials to machinery, can be imported, stored, modified,
distributed, processed, assembled, re-packed and then re-exported
with no customs duties whatsoever.
Free Trade Zone In Colon, Panama –
On the Caribbean Sea coast of Panama, lays
a seaport in the name of Colon. Colon is not only a vital port but
also a commercial center and not to mention a much loved tourist
spot. It was in 1953, that Colon became a free trade zone. When
it comes to import and re-export of merchandise, Colon in Panama
is the best place to go about. This main port in Panama is unquestionably
the most significant free trade zone as far as the western world
is concerned. It is also the second largest import / distribution
center in the entire world.
What makes Panama the ideal place?
Panama is no doubt strategically positioned
and with myriad Panamanian banks, it just goes another step ahead.
Panamanian money and dollars for that matter is also appreciable.
Panama is the ideal place – it is a commercial empire. Statistics
say that the Free Trade Zone i.e. the Colon City in Panama is the
second most significant trade center of the World subsequent to
Beyond all of that, you will also find that
costs are certainly lower if compared to some of the other places.
Not just that, once you are investing you will note less bureaucracy
and on top of that less interference with the local authorities.
In Republic of Panama you do not require particular
permits or inscriptions prior to your investment. Moreover, Panama
supports low cost of living and low operational cost to say the
least. Panama is indeed best qualified for investment opportunities.
And with an existing free trade zone, Panama is certainly very resourceful.
Colon in Panama has indeed fostered the economy
of the city to a great extent.
For more information about the Panama / Colon free zone, please
contact us or to schedule
a visit please see our tours below.