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ABOUT THE CFZ | ZONE FEATURES | INCENTIVES | SETTING UP A BUSINESS | HELPFUL TIPS | TRAVEL INFO | USERS ASSOCIATION | FREE ZONE ADMINISTRATION :: Facts about the Colon Free Zone ::
The Colon Free Zone, with about 2,000 companies operating within its 400 hectareas, is not only the world's biggest free zone after Hong Kong, but the best geographically located, and therefore the one with the best, most efficient and fastest distribution facilities. The path of commerce is smoothed by the fact that the US dollar is legal tender. The Colon Free Zone is served by five major ports — all within a few kilometers.
The Free Zone handles almost US$10 billion in imports and reexports each year. It employs about 15,000 people and claims the best trained bilingual work force in Central America. The Zone hosts 250,000 buyers, business people and tourists each year. Major imports are from Hong Kong, Japan and the United States. Major markets include Colombia, Brazil, Venezuela, Ecuador and other countries in Central and South America.
Deposits made in the Banking Center of Panama from the Colon Free Zone last year were US$578 million. Credit from the Banking Center represented US$742 million. Strict measures to thwart money laundering and brand name piracy are in place. ABOUT THE CFZ | ZONE FEATURES | INCENTIVES | SETTING UP A BUSINESS | HELPFUL TIPS | TRAVEL INFO | USERS ASSOCIATION | FREE ZONE ADMINISTRATION |
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