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PANAMA’S INVESTMENT ENVIRONMENT
- It has one of the most complete banking centers of Latin America.
- Its legal tender is the United States of America dollar.
- Panama counts with one of the most complete logistic and multimodal centers of the world.
- Retirees and pensioners can benefit from a special tax incentives, as well as flexible immigration programs.
- Tourist investments have diverse exonerations related to import taxes on goods, raw materials and construction equipment, among others. Additionally, the investor will enjoy income tax and real estate tax exemptions.
- Panama has a reliable system of communication with several optical fiber networks that communicate it with any country around the world.
TOURISM DEVELOPMENT ZONES IN PANAMA Zone 1. La Amistad
| Location: |
Pronvince of Chiriqui, Province of Bocas del Toro |
| Characteristics: |
La Amistad International Park and the Volcan Baru National Park |
| Strategy: |
Develop Ecological Tourism |
| Investment Possibilities: |
Ecotourism hotels, basic infrastructure |
Zone 2. Bastimentos
| Location: |
Province of Bocas del Toro |
| Characteristics: |
Magnificent beach areas with transparent waters
Reefs of world-wide quality
Afro Antillean culture
Unique marine park of the country
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| Strategy: |
Develop Ecological, Cultural and Recreation Tourism |
| Investment Possibilities: |
Develop tourist . |
Zone 3. Arco Seco
| Location: |
Province of Herrera
Province of Los Santos |
| Characteristics: |
Singular traditions and sociocultural events |
| Strategy: |
Develop Pedasi as a tourist development center based on the traditions and folkore. To consolidate Chitre and Las Tablas as complementary centers. |
| Investment Possibilities: |
Develop tourist . |
Zone 4. Farallon
| Location: |
Province of Panama
Province of Cocle |
| Characteristics: |
75 kilometers off the Panamanian Pacific Coast |
| Strategy: |
Develop Resorts |
| Investment Possibilities: |
Golf Course (18 holes) and a Club House
250 Tourist cabins for rent
Mall
Recreational park and sport clubs |
Zone 5. Metropolitan Area
| Location: |
Province of Panama |
| Characteristics: |
Shopping, Commerce, Historical Monumental Centers, Cultural Centers, National Parks and Protected Areas |
| Strategy: |
To incorporate existing attractions to the tourist centers, including the Inter-Oceanic Region and the Panama Canal |
| Investment Possibilities: |
Hotels for ecotourism and businessmen. |
Zone 6. Portobelo
| Location: |
Province of Colon |
| Characteristics: |
Beaches, diving, Portobelo’s National Park and a Historical Monuments of the 16th, 17th and 18th Century. |
| Strategy: |
To turn the region in one of the main tourist centers of the Caribbean by including the existing historical cultural component to the future tourist development |
| Investment Possibilities: |
Develop tourist lodgings in adjacent areas |
Zone 7. San Blas
| Location: |
Region of San Blas |
| Characteristics: |
Reefs, exotic islands, white sandy beaches, crystalline waters, singular and exotic indigenous culture. This area is populated by the majority of the Kuna Indians. |
| Strategy: |
To develop the tourist potential of the Region in order to compete at international quality levels. |
| Investment Possibilities: |
Technical financial training to the Kuna Indians
Financing through a special credits system |
Zone 8. Peral Islands
| Location: |
Las Perlas Archipelago (Pearl Islands) |
| Characteristics: |
More than thirty (30) islands with eighty three (83) beaches of the highest quality.
Exceptional Sport fishing.
Ideal reefs for the diving and snorkeling. |
| Strategy: |
To turn the region in one of the main tourist centers of the Caribbean |
| Investment Possibilities: |
To promote private investment in the islands, by developing attractions and products with tourist potential |
Zone 9. Darien
| Location: |
Province of Darien |
| Characteristics: |
The National Park of Darien which is ideal for ecological and tourism of adventure. It was declared by UNESCO as a Reserve of the Biosphere and the Human Kind. |
| Strategy: |
To develop ecotourism centers in Pirre and in the Cana Valley. |
| Investment Possibilities: |
To increase the capacity of lodgings and to improve the quality of the services to the tourist. |
Zone 10. Veraguas
| Location: |
Province of Veraguas |
| Characteristics: |
National Park of Coiba (declared Patrimony of the Humanity) ideal for the ecological and adventure tourism. It offers an exceptional biodiversity in ecosystems, flora and fauna.
Beautiful beaches and coral reefs |
| Strategy: |
To develop ecotourism centers, resorts, inns, cabins, floating hotels. |
| Investment Possibilities: |
To increase the capacity of lodgings and to improve the quality of the services to the tourist. |
Tax incentives: Special Tourism Development Zones
- Exoneration for twenty (20) years of the real estate tax over the land and the improvements, as long as the real estate is used for tourist activities.
- Exoneration for the term of twenty (20) years of the payment of the import tax and the sales tax levied over imported materials, as long as those materials are not produced in Panama or do not have the same quality or are not available in the same quantity in Panama.
- Exoneration for the term of twenty (20) years of the payment of any tax, contribution or encumbrances in regards to the use of ports, berths or airports built by the investor.
- Exoneration for the term of fifteen (15) years of the income tax derived from the activity of the investor.
- Exoneration for the term of twenty (20) years of the income tax levied over the interests received by the creditors in respect to operations directed to the investment in the tourist activity which will be performed by the company.
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