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Panama has one of the strongest and stable economies of Central America. According to the World Bank, Panama ranks as the second-fastest growing economy in the Caribbean and Latin America with a forecasted growth of 3.7% in 2020. This consistent growth supports increasing business confidence in establishing a company in Panama.
If your business is related to import and export goods, Panama is the country you’re looking for to start expanding. Panama supports a number of special economic zones that offer wide-ranging benefits to companies operating within them.
The most important special economic zones in Panama are the following:
Colon Free Zone
City of Knowledge.
Choosing the right special economic zone in Panama for your business needs depends on the location where you want to trade goods from, and/or your principal business activity.