SEA: An Unmatched Advantage.
In 2004, the Government of Panama established the Panama Pacifico Special Economic Area (SEA) to drive direct foreign investment, to provide Panamanians with better-paying jobs and to attract new growth industries to the country. Inspired by special economic areas with similar characteristics around the globe, the Panama Pacifico SEA is the most comprehensive and advantageous to date in the region (and similar in nature to a Special Economic Zone). More than constructing businesses, the SEA is constructing a whole new way to conduct business.
Advantages include the on-site, one-stop shop with access to 11 government branches; special labor incentives; simplified on-site immigration benefits; legal incentives; tax incentives, including exemptions for 12 Specific Business Activities; and access to the on-site workforce training center.
For details about the Panama Pacifico Special Economic Area benefits for your company, click here, or download the PDF below. For more information on the Panama Pacifico Special Economic Area agency that coordinates the SEA benefits, click here.