Call Us: +507 - 66164174
Call Us: +507 - 66164174
Panamá Pácifico
Introduction
The Panama Pacific Area constitutes one of the most important State projects in Panama, because it contemplates the development of an international business center, which serves as a magnet for large multinational companies, logistics services, various businesses and industries in general. The fundamental objective of this Economic Area is to attract direct investment of foreign capital and boost the generation of jobs in Panama.
Through this major project, the Republic of Panama promotes the development of activities such as logistics, maritime and airport services, high technology, call centers, shared services, among others, by offering customs, immigration, labor and tax benefits.
Panama Pacifico, as a Special Economic Area, promotes the association of public and private capital for the development of the region, through effective policies with pertinent regulatory frameworks.
These associated entities are: London & Regional Panama and the Panama Pacific Agency, and they are in charge of the development, administration, planning and promotion of the area, the first, and the second deals with the regulation of the activities that are carried out.
- Location
Panama Pacifico has a strategic location in the heart of world trade, at the southern entrance of the Panama Canal, on the land of the old Howard air base, after crossing the Bridge of the Americas. This Special Economic Area has direct access to the Pan-American Highway, which connects Panama with Central and North America, is close to the port of Balboa in the Pacific Ocean, and is located very close to downtown Panama City and Tocumen International Airport. and one hour from the largest container port complex located in the Caribbean Sea, the ZLC
Data
- The Panama Pacifico Special Economic Area has a total of 1,400 hectares for development (800 arranged for mixed development and 600 destined for green areas).
- The master plan includes a total of 27 buildings that will be marketed under a "Shared spaces leasing" model, and are designed for logistics services, storage and distribution, light manufacturing, cargo movement, and assembly.
- The architectural design, developed by the architectural firm Wakefield Beasley & Associates, was made with the purpose that 100% of the areas destined for offices had exterior views and abundant access to natural light.
- In Panama, this ecological initiative is supported by national institutions and legislation, such as the Ministry of Energy and Law 69 on Energy Efficiency.
- The warehouses, buildings and land can be contracted through the leasing business model, that is, the physical spaces are rented based on a contract per square meter and a maintenance charge.
- 232 Companies registered in Panama Pacifico.
Services
Panama Pacifico has an Integrated Procedures System, which facilitates the administrative process of companies. This service brings together more than 17 government entities, among which are:
- Registration of employment contracts.
- Processing and granting of work permits, in coordination with the National Immigration Service.
- Approval of special measures related to the enjoyment of vacations.
- Approval of the Regulations aimed at evaluating the performance and productivity of workers.
- Authorization of dismissals for reasons of an economic nature.
- Review and subsequent ratification of the Internal Work Regulations.
- Inspection Service.
- Approval of Preliminary Projects for Urbanizations and Subdivisions.
- Approval of Urbanization Projects for the construction stage.
- Approval request for the segregation of land and the incorporation and reunion of farms already constituted.
- Application for Registration of lots of urbanizations and subdivisions.
- Review of project approval requests (new buildings, reforms, additions).
- Resolutions of road easements assignments.
- Land use certifications and zone codes.
- Certifications of road easements and construction lines.
- Field inspections.
- Review and verification of import, transit and export documents.
- Inspection of all non-nationalized merchandise that enters the national territory through any point of entry, destined for the Panama Pacific Area, that is transferred from one point to another, with due customs controls.
- Verification of compliance with ISPM No. 15 in Import packaging.
- Issuance of phytosanitary and sanitary import requirements.
- Issuance of Phytozoosanitary Licenses for import, transit and export.
- Registration procedures and temporary inactivity of employers.
- Affiliation service for workers and their dependents.
- Issuance of Social Security Cards.
- Receipt of Applications for Economic Benefits for Maternity and Illness risks.
- Reports of Work Accidents and Occupational Diseases.
- Receipt of Return Statements of monthly changes.
- Delivery of Salary Verification Sheets.
- Carrying out Inspections.
- Reception of Notices of Entry of workers.
- Reception of Forms with monthly changes.
- Immigration Registry of Foreigners (Affiliation).
- Processing of Immigration Status.
- Processing and granting of Temporary Residence Permits.
- Granting of identification cards for foreigners.
- Processing and granting of Multiple Visa.
- Control of Entry and Exit of merchandise, through Decree 6th. (Transfer of merchandise).
- Capacity or Cargo Examination (Nationalization of merchandise).
- Maintain records of vehicles imported into the Panama Pacific Area, exempt from taxes.
- Maintain records of Messages from Home, of foreigners hired or established in the Panama Pacific Area.
- Inventory control.
- Merchandise Declaration Service for international land customs transit (D.M.T.I).
- Advisory service to companies installed and to be installed in the Panama Pacific Area.
- Control, Surveillance, and Customs Inspection Service.
- Ease of customs procedures within the Panama Pacific Area.
- Customs Control Service of the Panama Pacific Airport.
- Inspecciones y evaluaciones de Impacto Ambiental.
- Supervisión, control y fiscalización ambiental.
- Evaluación de Auditoría Ambiental y planes de Adecuación y Manejo Ambiental.
- Trámites y Gestiones forestales.
- Trámites de Permisos de Descarga de Aguas Residuales.
- Trámites de autorización para uso de agua de fuentes naturales.
- Revisión de Planos de Desarrollo Urbano.
- Asesoría Legal en temas ambientales.
- Seguimiento a los planes de Preservación y Rescate de Fauna Silvestre.
- Plan approval.
- Building permits.
- Permission for the installation of mechanical cranes and forklifts in buildings.
- Earth movement permits.
- Granting of permits for Demolitions.
- Occupancy permits.
- Technical occupation permit (provisional).
- Permission to install fences.
- Technical Inspections to constructions, remodeling and buildings.
- Collection of municipal taxes.
- Tax collection of vehicle circulation license plate.
- Vehicle registration.
- Company registration and capacity.
- Permits for signs on business and company facades.
- Certification of municipal documents.
Granting of the right to extract rough, stone, sand, clay, etc. - Paz y Salvo procedures, Municipal Resolutions, Inspections and Appraisals.
- Approval of plans (road signage).
- Consultation of tickets, paz y salvo.
- Consultation of Private and Public transport plates.
- Consultation of Public Transport Procedures.
Security Office of the Arraiján Fire Department
Review and approval of fire systems.
- Approval of plans and granting of construction permits.
- Temporary electrical inspection.
- Approval of the draft.
- Inspection and processing of Certificate of Occupancy.
- Safety in the demolition of buildings and debris.
- Installation of tanks for storage of flammable substances.
- Fire alarm installation inspection.
- Permanent electrical permits.
- Boiler installation and operation permit.
- Safety for elevators, hoists and escalators.
- Security for transportation of hazardous materials.
- Safety measures in blasting, racking and other works.
- Inspections for the storage and use of alcohol and others.
- Issuance of Resolutions and Authorizations.
- Gas cylinder installation permits.
- Licenses and permits for Boiler Operator.
- Licenses and permits for Welding Works.
- Permits for burning and transportation of pyrotechnic products.
- Field tests and certifications.
- Permits and security to carry out Public Shows.
- Inspection of Remodeling.
- Evaluation and approval of the plans of the preliminary projects of urbanizations regarding the aqueduct and sanitary sewer system.
- Evaluation and approval of the study and plans for the sewage treatment plant.
- Evaluation and approval of the plans of the pumping station and its drive line.
- Coordinate and inspect the infrastructure works of aqueduct and sanitary sewerage.
- Issuance of the authorizations corresponding to the procedures of urban development issues that are the responsibility of IDAAN.
- Provide information on the requirements that Companies must meet and the documentation that they must provide to carry out the procedures that are the responsibility of IDAAN.
Benefits
The Government of Panama created the Panama Pacific Special Economic Area under Law 41 of July 20, 2004.
This sector offers special benefits to companies that are established within the following sectors:
- Integrated Procedures System
- Special immigration and labor regulations
- Tax incentives (Partial or total tax exemption)
- Investment Stability Law
- Unique Registration
- Higher Education Center
- Facilities such as banks, pharmacies, restaurants, gyms, among others.
The Government of Panama created the Panama Pacific Special Economic Area under Law 41 of July 20, 2004.
This sector offers special benefits to companies that are established within the following sectors:
Laboral benefits
- Fixed rates for overtime (maximum 25%) and for work done on holidays or rest days.
- Weekly rest days negotiable.
- Companies can remain open on Sundays and holidays.
- 15% foreign workforce is admitted.
Migration
- All work visas are obtained at the APP facilities.
- Special visas for investors, workers and extendable to immediate family members.
- Foreign personnel hired as specialized personnel have the power to import 100% tax free, for one time, all kinds of items for personal or domestic use, up to the total amount of $100,000.00.
Customs Offices
- Customs owns facilities and operates in the special area, outside the single window.
- Available 24 hours a day, 7 days a week upon request.
- System based on post inventory audits.
The incentives are aimed at attracting the following specific business activities:
- Headquarters of Multinational Companies (SEM).
- Operations of Support Companies.
- Call Centers.
- Logistics and Multimodal Services.
- Manufacture of high-tech products and processes.
- Aviation and related services.
- Offshore Services.
- Cinematographic and audiovisual activities.
- Digital and data transmission.
- Inventory transfer between companies within the area.
- Sale of goods and services to ships, aircraft and their passengers.
- Import and re-export.
Establishment Cost
The Panama Pacific Agency (APP) will charge the notion of registration fees in the Registry of Companies of the Panama Pacific Area and for other services provided according to the following aspects:
| A. | Registration in the Companies Registry | $2,500.00 |
| B. | Business Registration Annuity | |
| a. Companies that occupy up to 100 m2 of land area or occupied area, whichever is greater | $1,000.00 | |
b. Companies that occupy from 101 to 500 m2 of land area or occupied area, whichever is greater
| $1,500.00 | |
c. Companies that occupy from 501 to 1000 m2 of land area or occupied area, whichever is greater
| $2,000.00 | |
| d. Companies that occupy 1,001 m2 or more of land area or occupied area, whichever is greater | $3,000.00 | |
| C. | Maintenance charges for common areas and services | These will be determined by the operator and the State |
Statistics
Trade Balance
Contact
Panama Pacific Agency
- Suliber Avenue and Via Brujas, Building 1, 2 and 141 Arraiján District, former Howard base Republic of Panama
- Phone: +504-2610 (Administration)
- Phone: +504-2500 (Integrated Procedures System - SIT)
- E-mail: [email protected]
- WebSite: https://www.app.gob.pa
London & Regional Panama
- Andrews Boulevard and Stauffer Avenue, Building 723 Arraiján District, former Howard base Republic of Panama
- Phone: +316-3500 / 877-519-2696
- WebSite: http://www.panamapacifico.com
