Free Zone Information

Advantages

The Colon Free Zone has a number of elements which support commercial activity on such differing levels as transport and financial operations. Panama's main cargo airport is Tocumen International and there are five major seaports with every modern cargo handling facility.

Freight moves by air, land, rail and sea. Every year, over 12,900 cargo vessels cross the Canal under the flags of over 100 nations. Panama has the world's largest merchant fleet, with a registry of more than 8,000 ships. Many of them stop for cargo and buy their supplies from chandlers operating from The Colon Free Zone.

Colon F.Z. the Commercial Hub

More than 58 international passenger and cargo airlines use the Tocumen International Airport. The majority share in the cargo generated through The Colon Free Zone and a number of cargo airlines use the airport for special flights.

Finally, Panama's International Banking Center with over 90 banks from around the world, with deposits totaling U.S.$33 billion is a great advantage. More than 15 banks have branches within the Free Zone itself.

All of these advantages, together with the national currency, the Balboa which is permanently at par with the American dollar, which is legal tender in the country and for which there are no exchange restrictions, make an ideal climate for international commerce.

A modern communications system and an efficient tourism service add to the facilities enjoyed by the Colon Free Zone users.