Grow with your business

Commercial and Logistical Solutions to
make your business grow

An international logistics and business center with a wide array of companies and industries.
Each day, economic growth is promoted, attracting foreign investment and generating employment in Panama.

Special Economic Area Regime

Take advantage of the fiscal incentives, import tax exemption, and migratory solutions to maximize your company’s potential.

Multi-modal connectivity map

Municipal Regime

You will benefit from tax exemption for manufacturing, importing, exporting, logistics, and telecommunication activities

Incentivized Activities

Learn about the activities that bring logistical advantages to investors and companies that operate within the zone.

High Technology Manufacturing

Logistics - Logistical Services

Logistics - Imports/Reexports

Multinational Headquarters of the Film and Audiovisual Industries

Services

Office
Administration

Maritime and
Air

Begin operations in 5 steps

Depending on your company’s line of business and your stakeholders, discover our solutions to ensure your economic growth.

Advisory services

The commercial advisors at Panama Pacifico are ready to guide you.

Make an appointment

Reserve

Book a commercial space

The negotiation process begins a "Letter of Intent". During this step, we define the areas, office spaces, and/or warehouses that you will use. This is where the declarations of intent and commercial conditions are established.

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Verification

Verification and Registration

Upon validating your company, we will help you register with the Panama Pacifico Agency so you can start your economic activities.

find out more

Signature

A contractual agreement is signed contact us

Delivery

Once your unit is handed over, you will have an account executive at your disposal who will handle all your requests during your stay in Panama Pacifico. Additionally, the executive will guide you through the process of making the necessary improvements to the unit, if applicable.

Our team of advisors

Commercial Area

Jaime

see bio

Remington

see bio

Remington Taliaferro

Graduated in International Relations with a Master’s Degree in Business Administration, he specializes in administration, finance, sales and consulting. Industrial sector administrator and commercial advisor with 11 years of experience in real estate.

“I guide my clients in establishing their companies in Panama, in a comprehensive, efficient and effective way. I stay at the forefront with knowledge about businesses in sectors such as logistics, distribution, multinational company headquarters, manufacturing, maritime and aviation sectors, among others with great impact on the global market”.

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Jaime Brid

Professional with studies in Business Administration, specializing in property sales and management, certified Real Estate agent
Real estate agent with experience of more than 14 years in the sector with a long history of successful sales, even in unfavorable market circumstances.
Vast knowledge and experience with the real estate sector throughout the region. He specializes in corporate services and the logistics/industrial market.
Possesses a great vocation for customer service and teamwork, is results-oriented, responsible and disciplined as a professional.

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available spaces

Meet the needs of your business and get the best out of operating here.

Offices

COMMERCIAL

Warehouses

COMMERCIAL

Retail

COMMERCIAL

International Business Park

58 acres Corporate Park

350,000 m² office and business space

with the latest technology and the best distribution

Flexibility for development of special activities

Tax, labor, and immigration benefits

Business community that fosters collaboration

PanAmerica Corporate Center

90 hectare logistics park with

up to 20,000 m² space for state-of-the-art warehouses

Multimodal connectivity and unparalleled infrastructure

Flexibility for the development of the logistics cluster

Preventive and corrective maintenance

Retail Spaces within the community

30 m² spaces, ideal for restaurants and other businesses

Strategic location

Building with retail spaces and spectacular views from the terrace

Wifi

Comprehensive Security

Get to know your next space from wherever you are!

Discover the details behind each office space and warehouse with a virtual tour.

see offices virtual tour

Benefits of doing business from Panama Pacifico

Class A services and Infrastructure

Flexibility to grow

Innovative and collaborative campus

Security 24/7

Skilled workforce and on-site training

Tax, labor, and immigration benefits protected by law

Nationalized and non-nationalized merchandise in the same warehouse

Do you have questions about the regimes, incentivized activities, or commercial spaces?

See frequently asked questions
Schedule an appointment with an advisor

frequently asked questions Schedule appointment

Summary Law 41

Brochure Law 41

Multimodal Connectivity Map

One-stop System

Integrated System of Procedures for processing permits relevant to the operations of the companies. 17 government offices on site, saving your business time and money.

+17 government offices
All in one place
Exclusive service for companies

Customs 24/7
Fast processing
On-site Immigration service

Tax Regime

Free of direct and indirect taxes, contributions, fees, duties and national levies, except for the following taxes:

Subject to taxes on earnings, which are: income, dividend and complementary tax and tax on remittances or fund transfers abroad.
Subject to personal property and services transfer tax (ITBMS) for services provided by people or companies that are not established in Panama Pacifico (duly registered) or in a Free-Trade Zone. (exempt from personal property and services transfer tax on all goods purchased)
Subject to import tax and personal property and services transfer tax for the sale of goods within the national territory.
Subject to import tax and personal property and services transfer tax for the provision of services related to liberal professions.
Subject to import tax for retail sales.
Subject to the annual tax produced by the Operation Notice (capital tax) at 0.5% per year on the capital of the company, with a minimum of $ 100.00 and a maximum of $ 50,000.00, except for companies established before January 1, 2017.
Selective Consumption Tax: applies only to imported vehicles free of import tax, in which case the SCT is applied at a rate of 5%.
Property and property transfer tax: Applicable from the year 2030. (2040 for the developer)

*Transitional provisions apply for the personal property and services transfer tax for office administration and foreign service companies, established before Law 66 of 2018.

Exemption on taxes on earnings (income, dividend and complementary tax, tax on remittances or transfers abroad) for the following activities:

Alienation of shares between companies in the area.
Sale of goods or provision of services to:
1. (a) visitors, passengers or crew in transit with destination abroad
2. (b) ships that cross the Panama Canal with destination abroad or that navigate between authorized ports of the country and ports abroad,
3. (c) aircraft that use authorized ports in Panama with destination abroad, unless the sale is made by the manufacturers themselves or a company in their economic group.
Services related to aviation and airports, including:
- the transport, handling and storage of cargo;
- maintenance, repair, conversion and reconversion of aircraft;
- the distribution, maintenance, conversion, reconversion and manufacture of aircraft parts and/or components.
Manufacture of high-tech products, as well as the activities of processing, manufacturing, assembly or manufacture of components and parts whose manufacturing process involves high-tech.
Call center*. (subject to substance requirements)
Collection, processing, storage, switching, transmission and retransmission of digital data and information*. (subject to substance requirements)
Radio, television, audio, video and/or data signal links*. (subject to substance requirements)
Research and development of digital resources and applications for use in networks*. (subject to substance requirements)
In the case of income derived from the transfer or exploitation of intangible assets protected by copyright, the tax incentive is conditioned to compliance with Law 69 of 2018.

*subject to substance requirements

Migratory Regime

Special visas for workers of the area and for investors who invest no less than B /. 250,000.00 in venture capital of the companies.
Workers within the 10%: Grants the right to permanent stay in Panama and to an ID card after 2 years.
Workers within 15%: Grants the right to permanent stay in Panama and to an ID card after 2 years.
Workers above 15%: Visa for up to 3 years.

Investors: Right to permanent residence and ID card after 2 years.
Extensive visas to minor children and children up to 25 years of age who are unmarried and dependent on the beneficiary and to parents over 62 years of age.
Recipients of technician or specialist visas and investor visas can import household items up to B/. 100,000.00.

Customs Regime

Automated merchandise movement control system, based on inventory audits and not physical controls.
There are no limitations on the importation of goods subject to a license and/or tariff quota, as long as they do not enter the national fiscal territory.
All goods that have been introduced into APP and, from there, sold within the national fiscal territory will be subject to the payment of import tax and personal property and services transfer tax (ITBMS).
To introduce (sell or transfer), into the fiscal territory, products manufactured or assembled in the area, customs duties or taxes will be paid, only on the value of raw materials and foreign components incorporated in the product, based on the respective tariff for each raw material or component incorporated in the final product. The importer must submit to the customs authority the material-product ratio sheet, previously verified by Customs. For the calculation of import duties, the following will be excluded:
- The value of foreign materials or goods that have been incorporated into the finished product, which can be imported tax-free by virtue of international treaties or agreements;
- The value of national or nationalized components used for manufacturing, processing or assembly purposes;
- The national added value incorporated into the finished product during its manufacturing, processing or assembly process in Panama Pacifico.
- For products finished, built, assembled or manufactured in Panama Pacifico that are free of tariffs, taxes and import duties by virtue of international agreements, the importation of said products built, assembled or manufactured in Panama Pacifico into the national territory or to any zone or area within the country, will not be subject to tax, import tariff or duty.
Possibility of temporarily transferring raw materials and semi-finished products outside the area to subject them to manufacturing, assembly, processing or treatment processes. Their entry into the national fiscal territory does not generate import tax or levy for up to 6 months, extendable for the same period, at the request of the party. If the re-entry is not registered in its original condition or transformed into a finished product or with the added value resulting from its exiting, the applicable import taxes will be paid, without prejudice to the applicable sanctions. This mechanism is governed by the merchandise dispatch system with guaranteed payment, through a simplified entry and exit registration system.

Labor Regime

The Labor Code (LC) is to be enforced, except for matters under special regulations for the area, which are:

25% fixed surcharge for overtime, subject to limitations of the Labor Code (LC) regarding the amount of overtime.
Employment contracts must be in writing.
Mixed shift and night shift work which are paid for hours worked.
Possibility of agreeing on rotating shifts setting a maximum of days and weekly hours of work under this modality, with prior notice from the employer of at least 48 hours and without exceeding the limits established in the LC. Possibility of operating on Sundays and agreeing on the weekly rest day being on a day other than Sunday.
Possibility of negotiating how to use vacation time under a collective agreement.
Possibility of agreeing, under a collective agreement, the productivity regulation, in which case the approval of MITRADEL will not be needed to use it as grounds for dismissal due to poor performance.
The decrease in sales, demand for services due to fluctuations in the markets served by the company, will be considered a justified reason for dismissal.
In the event of dismissal due to economic causes, the labor authority will have 15 days to issue a statement. In the absence of a statement, the dismissal shall be considered well-founded.
Foreign personnel can be hired up to 10% the amount of ordinary workers and technically or administratively specialized personnel up to 15%.
With a permit from MITRADEL, the 15% can be exceeded for specialists or technicians hired for training purposes due to lack of qualified labor.
No percentage is applied to companies dedicated to offshore services.
No percentage is applied to companies with less than 10 workers.
The parties may jointly prepare the Company Work Regulations, in which case these will be adopted by minutes and are understood to be in force without further processing, and will be subsequently reviewed by MITRADEL for ratification or rejection.

Substance requirements

For income tax purposes, in each fiscal period, the tax incentive will be applicable provided that:

There has been an adequate number of qualified full-time workers, dedicated to the main activity or activities generating the revenue invoiced in Panama.
An adequate amount of operational expenses has been incurred in Panama, directly related to these main activities.

Within the 6 months following the closing of the fiscal period, a sworn income statement must be submitted containing:

Information on the activities which generated the income earned during the previous fiscal period, stating which of these were the main activities carried out to generate said income, and of these activities, which were carried out in Panama and which were carried out abroad.
The total operating expenses incurred in order to carry out the activities performed to generate income, and for said expenses, state which were directly related to the main income-generating activities and which of them were incurred in Panama.
The number of workers at the service of the Company during the previous fiscal period and, of these workers, the identity, position or role and professional title of the workers in charge of executing the main activities which generated the revenue earned.
Must accompany the income statement with the audited financial statements.

Substance requirements apply:

As of July 1, 2021 for companies established before 10/17/17.
As of January 1, 2019 for companies established after 10/17/17.

*Applies only for certain incentivized activities.

Legal Stability

Guarantee of not being affected by legal changes during the 10 years following registration as a company in the area.

Municipal Regime

Tax exemption for manufacturing, import, export, logistics and telecommunications activities.

View brochure

High-tech manufacturing

Activities

High-tech product manufacturing.
High-tech processing, manufacturing and assembly activities.
Building of products, components and parts whose manufacturing process involves high technology.

Tax incentive

Exemption from taxes on earnings (income, dividend and complementary tax, taxes on remittances or transfers abroad).

Logistics
Logistic Services

Tax incentives

Exempt from income tax (subject to substance*) and tax on remittances or transfers abroad withheld from payments of commissions, royalties, payments for technical assistance services or for any other activity.
Companies established from 2017 are subject to dividend tax on profits to their shareholders (at 5%) and to complementary tax; in case they do not distribute dividends or the total amount distributed is less than 20% of the net profit for the fiscal period, ten percent (10%) of the difference must be covered.

Logistics
Import / Reexport

Activities

Goods import, export and re-export activities, as well as transactions related to foreign sales of merchandise not manufactured in Panama Pacifico:

Tax incentives

Exempt from income taxes and tax on remittances or transfers abroad withheld from payments of commissions, royalties, payments for technical assistance services or for any other activity.
Companies established from 2017 are subject to dividend tax on profits to their shareholders (at 5%) and to complementary tax; in case no dividends are distributed, or that the total amount distributed is less than 20% of the net profit for the fiscal period, ten percent (10%) of the difference must be covered.

Multinational Headquarters and Cinematographic and Audiovisual Industry

Activities

Companies with a license for Multinational Company Headquarters * (substance requirements) and for Film and Audiovisual Industry will be governed by the special regulations contained in the laws applicable to such activities.

Services

Activities

Call Center/BPO: Call center *.
Software Development/ITO: Research and development of digital resources and applications for use in networks *.
In the case of income derived from the transfer or exploitation of intangible assets protected by copyright, the tax incentive is conditioned to the compliance with Law 69 of 2018.
Data Center/DPC: Collection, processing, storage, switching, transmission and retransmission of data and digital information *.
Radio, television, audio, video and/or data signal links. *

Tax incentive

Exemption from income taxes (income, dividend and complementary tax, taxes on remittances or transfers abroad).

*Subject to substance requirements.

Office Management

Definition

Shared and/or office administration services which include, without limitation: direction, management and/or support for operations; strategic planning services, business development; personnel management and/or training; operations and/or logistics control; technical assistance; technical, logistical and market support; support for goods or services advertising; consulting and advisory services; research and development for products and services; financial management or administration, treasury, accounting; electronic activity processing, including the consolidation of operations, network operations and data processing; technical services, including support and assistance to third parties who have acquired products or services provided by the client of the Company providing the service.

Requirements for office administration

Being part of a business group with assets of no less than US $ 200,000,000.00 or
Provide services to at least 7 subsidiaries or associated companies.

Tax incentives

Exempt from dividend tax, complementary tax and tax on remittances or transfers abroad withheld from payments of commissions, royalties, payments for technical assistance services or for any other activity.
Subject to income tax at 5% on taxable net income (subject to substance requirement*)
The use, as income tax credit, of the amount paid in this or a similar category abroad, as well as the amounts withheld by taxpayers from Panama for income tax. In any event, a minimum of 2% of the taxable net income will be paid.
Companies established in Panama that receive services from PP Companies dedicated to these activities, must retain 5% for income tax on the respective billing, provided that the services offered affect the generation of income from Panamanian source or its conservation and that its value is considered a deductible expense by the recipient.

*Transitional treatment of the income tax and personal property and services transfer tax applies for office administration companies established before Law 66 of 2018.

SHARED SERVICES / KPO Multinational Company Headquarters

Companies with a license for Multinational Company Headquarters* (substance requirements) and for Film and Audiovisual Industry will be governed by the special regulations contained in the laws applicable to said activities.

Maritime and Aviation

Activities

Sale of merchandise or provision of services to visitors, passengers or crew in transit.
Sales and provision of services to ships that cross the Panama Canal with destination abroad or that navigate between authorized ports within the country and ports abroad.
Sales and provision of services to aircraft that use ports authorized in Panama with destination abroad, unless the sale is made by the manufacturers themselves or a company in their economic group.
Aviation and airport related services including: cargo transportation, handling and storage; maintenance, repair, conversion and reconversion of aircraft; the distribution, maintenance, conversion, reconversion and manufacture of aircraft parts and/or components.

Tax incentive

Exemption from taxes on earnings (income, dividend and complementary tax, tax on remittances or transfers abroad).

Verification

KYC Due Diligence

Requirements:

Public Registry Certificate
Certificate of incorporation
Identification of the officers of the corporation
"Know Your Customer" (KYC) form signed by each of the corporation's officers
Download form here
Stock certificate
Bank reference letter

Financial analysis

Requirements:

2 latest financial statements to calculate the security deposit.

Registry

Process:

Submission of documents
Interview
Review by the Committee
Review with the client
Submission of the Resolution

Requirements:

Copy of the articles of incorporation and reforms (legal persons), copy of the ID card or passport (natural persons).
Certification from the Public Registry, dated no more than sixty days from its issuance.
Copy of ID card or passport of the officers and attorneys-in-fact of the requesting legal person.
Completed sworn statement form.
Completed Due Diligence form with the company and officers' information.
Copy of the contract for the space to be occupied in the Panama Pacifico special economic area (the process can be initiated with the Signed LOI).
Multinational company headquarters license (MCH) or proof of national film industry registry. (If applicable)
In case of being a company that provides office administration services, review numeral 9 of article 22 of the regulations.
Bank references of the company and final beneficiary
Forecasts for future investments
Certification from the Environmental Agency (Mi Ambiente), on whether or not it requires an environmental impact study.
Certificate of authorized use in the space to be occupied by the Master Developer (issued by London & Regional Panama)
Payment of $2,500 for registration by check, ACH or cash.

Visit Panama Pacific Agency

Grow with your business

Commercial and Logistical Solutions to make your business grow

Special Economic Area Regime

Municipal Regime

Incentivized Activities

High Technology Manufacturing

Logistics - Logistical Services

Logistics - Imports/Reexports

Multinational Headquarters of the Film and Audiovisual Industries

Services

Office Administration

Maritime and Air

Begin operations in 5 steps

Advisory services

Reserve

Verification

Signature

Delivery

Our team of advisors

Jaime

Remington

Remington Taliaferro

Jaime Brid

available spaces

Offices

Warehouses

Retail

International Business Park

PanAmerica Corporate Center

Retail Spaces within the community

Get to know your next space from wherever you are!

Benefits of doing business from Panama Pacifico

Do you have questions about the regimes, incentivized activities, or commercial spaces?

Summary Law 41

Brochure Law 41

Multimodal Connectivity Map

One-stop System

Tax Regime

Exemption on taxes on earnings (income, dividend and complementary tax, tax on remittances or transfers abroad) for the following activities:

Migratory Regime

Customs Regime

Labor Regime

Substance requirements

Legal Stability

Municipal Regime

View brochure

High-tech manufacturing

Activities

Tax incentive

LogisticsLogistic Services

Tax incentives

LogisticsImport / Reexport

Activities

Tax incentives

Multinational Headquarters and Cinematographic and Audiovisual Industry

Activities

Services

Activities

Tax incentive

Office Management

Definition

Requirements for office administration

Tax incentives

SHARED SERVICES / KPO Multinational Company Headquarters

Maritime and Aviation

Activities

Tax incentive

Verification

KYC Due Diligence

Financial analysis

Registry

Live the experience

a world class sustainable ecosystem

Would you like to know more about Panamá Pacífico and it’s life enhancing experiences?

Commercial and Logistical Solutions to
make your business grow

Office
Administration

Maritime and
Air

Logistics
Logistic Services

Logistics
Import / Reexport