The Zona Libre de Colon is one of the most important tax free zone in Latin America and the Caribbean. It allows companies located in this zone to import and export products without paying any taxes. This allows products to stay competitively priced when it arrives at its final destination.

What are the advantages for companies to buy from the Zona Libre de Colon? It is ideally located in Central America which is an entry point to the rest of Latin America and the Caribbean. It is considered to be the crossroads of the world thanks to the Panama Canal. 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.

About the Zona Libre de Colon:

*Second largest Tax Free zone in the world

*450 hectares

*2500 wholesale companies

* 27,000 employees

* USD $14 billion in imports and reexports each year

*14 billion in imports and exports

The largest supplier of the Zona Libre de Colon is Hong Kong, followed by Taiwan, United states, Japan, Korea, France, Mexico, Italy, Puerto Rico, Switzerland, United Kingdom, Malaysia and Germany. The largest buyer is Colombia with almost 16% of Zona Libre Colon exports. Other buyers include Venezuela, the domestic market of Panama, Guatemala, Ecuador, Costa Rica, Dominican republic, the United States, Chile, Honduras, Peru, Brazil, Nicaragua and Cuba.

The Zona Libre de Colon attracts more buyers thanks to its close proximity to the Panama Canal. Over 12,000 vessels cross the Panama Canal every year. With the expansion of the Canal planned to be finished by 2014, this traffic will surely increase. Several warehouse and logistic projects are planned for the next 5 years allowing the Zona Libre de Colon to grow.

To expand your distribution channels to Latin America, it is suggested to travel to the Colon free zone. To browse companies, products and resources about this tax free zone, please click on the following link Zona Libre de Colon Panama

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