What benefits will your company enjoy within
the zone?
Panama Teleport Smart Business City & Free Zone is
specially oriented toward the support of small and medium-sized companies that desire to
participate in the global market
The benefits your company will enjoy include:
- Full tax exemption: 100% free of income tax,
property tax, export tax, sales tax, tax on capital assets, tax on profits obtained from
sales of stocks, bonds, and other securities issued, tax on offshore operations, tax on
profits from securities, dividents, and interests earned, and tax on income from
international maritime commerce by contracting legally registered Panamanian merchant
vessels (even when the transportation contracts are executed in Panama).
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- Use of the U.S. Dollar as legal currency. Operations
with any other currency is also possible.
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- Free circulation of all foreign capital without registration
or controls: No monetary controls, restriction or taxes on capital transfers. No
controls on capital and profit repatriation.
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- No duties or restrictions over time deposits and savings
accounts, nor over interests accrued. The secrecy of all legal banking
transactions is protected by law.
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- Free enterprise, free market, and private property system.
Special immigration status. Simplified and rapid procedures established for government
transactions.
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- Access to an International Banking Center: 125 banks
from worldwide provide a complete range of banking and financial services. In addition,
the availability of telematic facilities at Panama Teleport will enable the zone to become
an important pathway for international banking transactions.
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- High Standard of Life: Panama city is the third city
in Latin America with the best standard of life. Excellent health care, education and
hospitality services are available. Besides,other sporting facilities like fishing, scuba
diving, yatching and other entertainments are also available.
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- Immediate access to both maritime and aerial international
routes.
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- Business Support Services: labor relations &
legal assistance, licence application, business contact with local investors and banks,
marketing services, and others.