The Panama Pacific Special Economic Area (PPSEA) is a unique zone designed to boost business and trade. It offers various benefits to investors, including tax incentives and strategic location. In this blog, we will explore the advantages of investing in PPSEA, its infrastructure, and how it plays a crucial role in Panama’s economy.
PPSEA is located on the west side of the Panama Canal, offering a mix of commercial, residential, and industrial areas. It’s a hub for logistics, business, and innovation, attracting over 280 companies and providing jobs for thousands. This special zone is perfect for businesses looking for growth opportunities in Latin America.
Investing in PPSEA means joining a vibrant community with state-of-the-art facilities, easy access to global markets, and a supportive business environment. Read on to learn more about what makes this area so special and why it’s a smart choice for investors.
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Panama Pacifico as a Special Economic Area
Panama Pacifico is a top-notch Special Economic Area offering various benefits for businesses. It features a strategic location, excellent infrastructure, and numerous incentives to attract investors. Companies here enjoy tax breaks, streamlined regulations, and access to a skilled workforce.
The area is designed to support diverse industries, including logistics, aviation, and technology. With a mix of residential, commercial, and industrial spaces, Panama Pacifico provides a complete ecosystem for businesses and their employees.
Panama’s Special Economic Zones
Panama’s special economic zones offer diverse opportunities for businesses, with each area tailored to meet specific industry needs. Here’s a look at the key zones within Panama Pacifico:
- Logistics Center
- International Airport
- Residential Areas
- Business Park
- Town Center
Logistics Center
Panama Pacifico’s logistics center is a hub for global trade. It offers 210,000 sqm of warehouses out of a planned 1 million sqm. This area is ideal for companies needing efficient storage and distribution solutions.
International Airport
The International Airport within Panama Pacifico facilitates easy global connectivity. With air cargo hubs connecting to 75 destinations in 31 countries, it’s a key asset for businesses relying on swift international transport.
Residential Areas
The residential areas provide a comfortable living environment for employees. With 1,300 residential units already delivered out of 30,000 planned, it’s a growing community with over 3,000 residents.
Business Park
The Business Park offers 46,000 sqm of developed office space out of a planned 350,000 sqm. It’s home to over 280 companies, providing a dynamic and collaborative business environment.
Town Center
The Town Center is the heart of Panama Pacifico, combining commercial and recreational facilities. It offers shopping, dining, and entertainment options, making it a vibrant place to live and work.
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Panama as a Logistic Hub of the Americas
Is Panama safe to invest in? Absolutely. Panama offers a stable political climate, robust legal framework, and strong economic growth. Its strategic location and modern infrastructure make it a prime investment destination in Latin America.
Panama’s influence in the global market is significant, thanks to its position as a major logistics hub. It connects North and South America, with extensive maritime and air routes enhancing its global trade capabilities.
Air and Maritime Connectivity
Panama’s air cargo hub connects to 75 destinations across 31 countries, facilitating swift global trade. With 29 liner services (22 Atlantic and 10 Pacific), and 144 trade routes connecting 1,700 ports in 160 countries, Panama is a crucial link in global supply chains. The Pan-American Highway further enhances ground connectivity, linking all of Central America.
New Foreign Direct Investment in the Special Economic Area
Investors are drawn to the Panama Pacific Special Economic Area for its strategic advantages and incentives. Here are some key investments:
- Infrastructure development
- Warehouse construction
- Office space expansion
- Residential projects
- Technology and innovation hubs
Panama Pacifico
Panama Pacifico is located just 15 minutes from downtown Panama City, offering easy access via the Panama-Pacifico Bridge. The area is well-connected, making commuting between the city and the Special Economic Area convenient.
The main airport serving Panama Pacifico is the Panama Pacifico International Airport. This airport connects the area to major global destinations, facilitating both passenger and cargo transport.
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Residency Opportunities for Investors in Panama
Panama offers attractive residency options for investors in the Panama Pacific Special Economic Area. This opportunity allows foreign investors to reside in Panama while benefiting from the country’s favorable business environment. Below are the requirements to apply for a provisional permanent resident permit and permanent residency for investors.
Requirements for Provisional Permanent Resident Permit
Foreigners who invest at least B/.250,000.00 in the risk capital of a company within the Panama Pacific Area or in Developer or Operator Companies can apply. Here are the necessary documents:
- Power of Attorney (notarized) and Application
- Three (3) Photographs.
- Notarized or Authenticated Copy of Passport.
- Police Clearance Certificate.
- Health Certificate.
- Certified Check for B/.250.00 payable to the National Treasury.
- Certified Check for B/.800.00 payable to the National Migration Service.
- Sworn Declaration of Personal Background Form.
- Original Certificate from the Panama Pacific Special Agency confirming:
- Existence and location of the company.
- The company is in good standing with the agency.
- The company is authorized under the special regime established by Law No. 41 of 2004.
- Certificate from the Company’s Treasurer or Secretary
- Certification from a Public Accountant
- Copies of the Issued Share Certificates
- Authenticated Copy of the Company’s Payroll
- CSS Clearance Certificate
- Bank Letter
- Proof of Investment
- Copy of the Company’s Registration Resolution in the Panama Pacific Area Business Register.
Requirements for Permanent Residency
To apply for permanent residency, submit the above documents along with the following:
- National Income Tax Clearance Certificate for the company.
FAQ
The Panama Pacific Special Economic Area (PPSEA) is a unique zone designed to boost business and trade. It offers various benefits to investors, including tax incentives and strategic location.
Panama’s influence in the global market is significant, thanks to its position as a major logistics hub. It connects North and South America, with extensive maritime and air routes enhancing its global trade capabilities.
Is Panama safe to invest in? Absolutely. Panama offers a stable political climate, robust legal framework, and strong economic growth. Its strategic location and modern infrastructure make it a prime investment destination in Latin America.
Panama Pacifico is located just 15 minutes from downtown Panama City, offering easy access via the Panama-Pacifico Bridge. The area is well-connected, making commuting between the city and the Special Economic Area convenient.
The main airport serving Panama Pacifico is the Panama Pacifico International Airport. This airport connects the area to major global destinations, facilitating both passenger and cargo transport.
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