Panama Pacifico:
The ideal location for your company in Latin America
An initiative of the Panamanian Government under theadvisory of the World Bank, The old Howard Air Forcebase was to become a development project to attractforeign investment & create high quality jobs.
Mixed use Special Economic Zone. (Comercial,Industrial, Residencial), with a total area of 2005hectares.
Created by Law 41 of 2004, which establishes the legalframework & contemplates the incentives (fiscal, labor,customs, migration etc.) that will be in place forcompanies that open operations within the area.
40 Year contract with Master Developer (London &Regional Panama), creating a Public-Private model.
Administered & Operated by Agencia Panama Pacifico.(Goverment Agency)
PANAMA PACIFICO IS …
BUSINESS SERVICES INDUSTRIAL, MANUFACTURING & LOGISTICS
RESIDENTIAL, COMMUNITY SERVICES & FACILITIES
60 to 12,000 m² (26 Hectares) 500 to 10,000 m² (88 Hectares)
Town Center & Residential ProjectsPanamerica Corporate CenterInternational Business Park
BUSINESS COMMUNITY
Regional Headquarters Back Office Offshore services Call centers Data processing Software development
Light high-tech manufacturing Logistics operations Imports / exports Vessel services (maintenance, repairs
etc.).
Some Business Services
5 Housing Projects Shopping Malls Lifestyle Retail Center Academic Park Parks & Trails Sports & Recreation Park
Panama Pacifico International Airport
Concessetioned to Tocumen Airports
20,000 Units
INTERNATIONAL BUSINESS PARK
INTERNATIONAL BUSINESS PARK
140+ COMPANIES
26 HECTARES
FUTURE PLAN: 16 CLASS A OFFICE BUILDINGS
8 BUILDINGS 100% DELIVERED
URBAN PLANNING BASED ON
INTERNATIONAL BEST PRACTICES
BUSINESS CLUSTERS
Business Services
Logistics
Manufacturing
Maritime-Aviation
IndustryServices
Retail
42%
19%
19%
15%
5%
PANAMERICA CORPORATE CENTER
LOGISTICS-INDUSTRIAL PARK
100+ COMPANIES OPERATING
88 HECTARES
10 CLASS A WAREHOUSES IN OPERATION
BUILT-SUIT SERVICES
BUSINESS CLUSTERS
Logistics
Manufacturing
Business Services
Maritime-Aviation
IndustryServices
45%
27%
14%
14%
PANAMERICA CORPORATE CENTER
TOWNCENTER & RESIDENTIAL PROYECTS
Category 7 airport
Longest runway in Central America - 2,591 x 46 m. International
regional flights (Low Cost)
Private, charter and cargo flight
Center for manufacturing, repair and overhaul of aircraft 178,360m
aircraft parking facility
Onsite customs and immigration
Passenger terminal:
• Room for VIP passengers
• Baggage handling
• Business facilities
• Cafeteria
• Room for charter flight passengers
INTERNATIONALAIRPORT ON SITE
250+ companies, from startups to Fortune 500® multinationals haveestablished operations in Panama Pacifico
9,000+ Jobs generated to date. 40,000 Jobs expected at the end of the project.
On average, 3 new companies join per month
3M Composite Pacifico Ingeniería y Consultoría PP PharmacyPanCo, S.A.
3PL Panama Consultia IT Panama IntelData Technologies Papppa Pizza
AB Network Consultores Urbanos Panama Intercontinental Logistics Penn Accounting and Computer
Advanced Biocontrollers Covidien IP Leather Services Corporation
AFTA - Insurance Services Credicorp Bank IT Lab Panama PIPSA
Agencia de Aduanas Sellhorn CTC Administradora Katya Quintana de Patterson PowerCLUB
Aggreko Cummins King Ocean Internacional de Proyectos y Explosivos
Airpro Componentes Earthwater Technologies Inc. Panama Riba Smith
Albacrome Panama Ecotécnica Agroindustrial KIO Networks Rozo & Co.
Alliance Transport Logistics Edificar Panama Knightsbridge Schools Quality Freight
APC (Asociacion Panameña de EGSA International Quinyx Development
Crédito) El Asador KPMG Scotiabank
Arsenal Industries Escarh de Panama Latam Activos y Gestión Sirenis Premium Travelers
Arturo Araúz Escuela Francesa Paul Gaugin Latin Bikes Skymaxx Corporation
Associated Steamship Agents Eurotools Latinoamérica London & Regional Panama Subway
Atlas Copco Farmacias Arrocha Magen David Academy Suimport Logistics
Avetti Global Services FCC Industrial Mailboxes Etc. Supreme Group Panama
Avon Flavor Infusion Internacional Manantial Química Sushi House
Banco General Forkliftcenter Americas Mapiex International Synergy Global Business Panama
Banistmo Fruteria Deli Metro Service Logistics Telered
Barwil Agencies Garal Bravetek Multimodal Marine TLA
BASF Gateway Transit Limited, Inc. NAAS Panama Transcanal Agency
Biomin Panama GEA Central America Neurologistics, Inc. Trade Service Panama
Bosch Rexroth Group Generali NIPRO Medical Transformer Industries
Boyd Steamship Corporation Gianfranco Agency Norton Lilly International TRUCKSLOGIC
C.B. Fenton & Company Global Cold Chain System Novey Universidad del Caribe
C. Fernie & Co Corporation Nuctech Universidad Tecnólogica de
Cable & Wireless Panama Global Green Logistics NYCO Panama
Cabo Drilling Grainger OnBoard Logistics Valor Technology
Cafe Maritanos Green Ivory International One Stop Shop Vaultmax Global
Canal Supplies Grupo STT Orica Caribe VF Sourcing Latin America
Canal Transit Services Grupo Unidos Por El Canal Osmo Coronado W.R. Grace
Canarias Logística Harbour Shipping Corporation Pacific Hardware Wakefield Beasley & Associates
Cargotec USA Herrenknecht Tunneling Pacific Procurement Services Architects
Casco Safety Hidropana Pan & Canela Wakefield Marine Energys
Caterpillar Hi Tek Marine Panama Aerospace Engineering Ware Malcomb
Citibank Human Consultants Corp. PanamaAmerican Airparts Wärtsilä
Cochlear Latino America Howard Kids Academy Panama Canal Port Service White Bay Trading Corp.
Colvecom Softel Human Diagnostics Panama Customs Brokers Wilford & McKay
Compañia de Seguridad Hydroflo Panama Pacific Logistic Wilhelmsen
y Protección Istmeña Imtech Marine Panama Panamedica Medical Center & Yogen Früz
PANAMA PACIFICO´S INVESTMENT IMPACT
INCENTIVIZED ACTIVITIES
Back Office Services
OffShoreServices
Data Centers Call CentersMultimodal & Logistics
Services
Import &
Re-export
High Tech Manufacturing
MRO´s & Air Craft Services
Maintenance & Repairs of Ships
Ship ServicesFilm Industry
Multinational Regional
Headquarters
One Stop Shop
Special Custom Regime
Tax Incentives Special Immigration Standards
Public Training CenterSingle Registration
Investment Stability Law
Special Labor Regulations
BENEFITS OF ESTABLISHING IN PANAMA PACIFICO
*exceptions and limitations apply
TAX EXEMPTIONS:
TAX INCENTIVIES
Companies that do activities that are incentivized receive, both direct and indirect tax exemptions.
All companies registered in Panama Pacifico recieve indirect tax exemptions.
* Exemption & limitiations do exist
DIRECT TAXES
Income Tax
Dividend & Complementary Tax
Transfer Tax
INDIRECT TAXES
Import Tax
Sales Tax
Export & Re-export Tax
Registration Tax, including industrial and commercial licenses
Real Estate Property Tax
Withholding/Retention Taxes
Stamp Tax
Insurance Premium Tax
Taxes on the storage and movement of fuel or other hydrocarbons and derivatives
Real Estate Property Tax
Withholding/Retention Taxes Stamp Tax
Insurance Premium Tax
Taxes on the storage and movement of fuel or other hydrocarbons and derivatives
ONSITE ONE-STOP-SHOP
• The Panama Pacifico Agency
(APP) deals with all necessary
permits and procedures for
companies moving to and based
in Panama Pacifico
• APP represents over 18
government agencies and offers
a One-Stop-Shop service on
site
• This unique service significantly
lowers the administraIve burden
for companies in Panama
Pacifico
SAVING YOUR COMPANY
TIME AND MONEY
+18 government
agencies
All in
one
location
Services
exclusive to
registered
companies
24/7
customs
Expedited
paperwork
Immigration
onsite
Designed to allow free flow of goods to and from Panama
Pacifico
System based on post-audits of inventories
Automated system
Onsite Customs Office (One-Stop-Shop)
Available 24/7
SPECIAL CUSTOMS REGIME
Favorable regulations
available in Panama
Pacifico:
Special visas for investors and
workers
Visas available for
family members
Expedited procedures for
visas and work permits for
foreigners
Tax-free, one-time importation of any
personal and domestic belongings (up
to USD 100,000)
National Migration Service on-site in
Panama Pacifico´s One Stop Shop
SPECIAL IMMIGRATION STANDARDS
Favorable regulations available
only within Panama Pacifico:
1 2
SPECIAL LABOR REGULATIONS
24/7 operations
allowed
Fixed rates for overtime
(25%) and work
conducted on national
holidays or during
employees’ day off (50%)
3
Flexibility to assign
employees’ day off
Work termination
possible in case of
losses or demand
fluctuations
4
A higher ceiling on the
proportion of workforce
from outside Panama
than in the rest of
Panama
5
Special investor and
worker visas available -
visa benefits also extend
to worker’s immediate
relatives
6
This law provides Investment Stability for onsite companies and is applicable for 10 years from the date of registration.
It includes stability of:
Company tax structure
Company benefits
Municipal taxes for five years
This law was created to protectcompanies investment. If Panamanianauthorities decide to change law 41, in asense that impacts your company in anegative way, you have a 10 year graceperiod, from the date of registration toabbey to the new modification.
Note: Since the creation of Panama Pacificoall the modifications done to law 41 have benefited investors.
INVESTMENT STABILITY LAW
Higher Education Center for Workforce Training (INADEH)
Government's technical training programs for Panama Pacifico: Meeting the educational needs of area businesses Providing educational assistance to develop Panamanians for onsite technical and
professional positions. Specialized Training
Panama’s Technological University
Inter-institutional agreements for training and special training for skilled labor.
PUBLIC TRAINING CENTER
PORT OF CRISTOBAL
MANZANILLO INTERNATIONAL TERMINAL
COCO SOLO
PORT OF BALBOA
RODMAN
AEROPUERTO PANAMA PACÍFICO
PANAMA CITY
STRATEGIC LOCATION
Foreign Direct Investment in Panama by Country of Origin
5,636
4,300
3,306
2,570 2,547
0
1,000
2,000
3,000
4,000
5,000
6,000
Evolution of cumulative FDI flows by source market in million USD
2012 2013 2014
BRITISH COMPANIES IN PANAMA PACIFICO
Company Activity
Knightsbridge School Educational Center (School)
Cable & Wireless Storage, management, and dissemination of digital information of their commercial clients.
CB Fenton & Co. Consultants & Coordinators of ship´s needssuch as paperwork to cross the Panama Canal, refueling, medical services, maintenance & repairs.
Barwil Agencies
London & Regional Master Developer at PP