Three logistics companies join Panama’s Free Trade Zone Regime

The Ministry of Commerce and Industries (MICI) informed that three new Panamanian-owned companies have joined the Free Trade Zone regime to operate in logistics activities.

The companies will invest a total of US$1,118,500.00 in their initial phase and will generate around 60 new direct and indirect jobs, informed the General Director of Free Zones of the Ministry of Commerce and Industries (MICI), Ámbar Ruiz Chaperón.

The National Commission of Free Zones during its last ordinary meeting gave the go-ahead to Supply Chain Solutions to establish in the Marpesca Free Zone in Corozal; as well as to Kubic Intralogistic, S.A., and Maritime Security Services, S.A., which will operate in Panapark Free Zone and the Albrook Free Zone, respectively.

We are very pleased to announce this good news, in which there are several factors to highlight: First, that the three ventures correspond to the logistics sector, whose boom shows that connectivity is Panama’s quintessential contribution to international trade; and second, that all the companies are Panamanian capital,” explained Ruiz Chaperón.

According to Law No. 32 of April 5, 2011, natural and legal persons, national or foreign, dedicated to the production of goods, logistics services, higher education, scientific research, high technology, environmental services and re-export (only in logistics operator activities) may be established in the free trade zones.

Source: ANPanamá

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