Zona Franca
A Free Zone is a geographically delimited area within the national territory, where industrial activities of goods and services or commercial activities are carried out, which is governed by special regulations on tax, customs and foreign trade matters.
In an increasingly globalized world, free and special zones take on special relevance as they establish facilities to streamline global trade processes.
With this in mind, and looking for the opportunity to cover larger market areas, large companies seek to take advantage of Panama's strategic location, using these special areas to locate their merchandise in areas closer to their end customers.
However, One of the advantages that most attracts companies to these special areas is the Tax Regime with special benefits for specific activities. In addition to special Immigration, Labor and Customs Regimes, Legal Stability Regime for the investments of companies registered in the Area.
The immediate objective of free zones is to provide optimal conditions of operational efficiency to guarantee established companies high levels of competitiveness in international markets, in addition to:
- Job creation
- Raising of new capital investments
- Development pole that promotes competitiveness
- Promote the generation of economies of scale
- Simplify operating procedures
In these areas, the entry of raw materials and products for manufacturing operations, storage with added value and redistribution of products to the region is allowed, offering migratory, labor and fiscal incentives such as exemption from taxes and import duties on raw materials, purchase and import of products depending on the industry to which the company belongs.
At Osala we advise companies that decide to locate in these areas with all the facilities that our qualified team can offer: legal advice, trademark registration, notice of operations, labor facilities, permits for foreigners, tax exemption, special projects, etc.
Special projects / HUB
Panama is characterized by having a well-established economy of ports and airports, not only because of the great Panama Canal and the Tocumen Airport, but also because of its international trade facilities that help move tons of various.
Osala is located within the Tocumen International Airport where more than 95% of the merchandise received has a different country as its final destination. Therefore, one of the areas of the economy that has had the most, has been strengthened and grown is that of services associated with transport and logistics. We were the pioneers in this area and today we have an international cross-docking area and rotating long-term storage for “just in time” shipments to the largest cities in the Americas.
Tocumen International Airport has 450 daily flights with 120 regional and international destinations. Our 24/7 customs staff allows us to unload and store the merchandise in less than 4 hours from its arrival, which ensures adequate control of the cold chain.
The merchandise can be located in the national market the day after its arrival and/or re-exported under different regimes that the zone enjoys (international transit, cargo partialization, free zone, etc.).
The Hub can be used as an international logistics center for air/sea merchandise, or as a local distribution center by road. Its position in the heart of the country, and direct access to the Panamericana, allows for capillary distribution within the urban center and up to the northern borders of the country.
Virtual Subsidiary
We offer our clients plug & play solutions to start their commercial activities in our Panama. Our extensive knowledge of the country allows us to have a good ability to know the regulatory, technical and fiscal standards, to eliminate any possible barrier that prevents its international growth. In this way we provide an operational headquarters, consulting, and dedicated resources to achieve your goals.
You only have to worry about marketing your products, we do the rest.
Osala offers you all the facilities so that you can have all the necessary structure and organization to attend to your business in an outsourced way but dedicated to your brand. With our Virtual Subsidiary solution we ensure all the necessary back office to cover your needs at 360 degrees:
- Qualified accounting and tax advisors.
- Order entry, Collect cash, Order to cash.
- Replenishment.
- Sanitary records.
- Technical direction.
- Human Resources.
Our solution facilitates your business and entry into new markets, especially when you need to adapt startup resources according to the size of the market. Using Virtual Subsidiary services can be a great alternative.
