{"id":1820,"date":"2021-07-14T17:51:59","date_gmt":"2021-07-14T22:51:59","guid":{"rendered":"https:\/\/globalcargopa.xyz\/?page_id=1820"},"modified":"2025-04-03T13:11:30","modified_gmt":"2025-04-03T18:11:30","slug":"why-panama","status":"publish","type":"page","link":"https:\/\/www.globalcargo.com.pa\/en\/why-panama\/","title":{"rendered":"Why Panama?"},"content":{"rendered":"<div class=\"wpb-content-wrapper\"><p>[vc_row css=&#8221;.vc_custom_1621953566188{padding-top: 20px !important;padding-bottom: 20px !important;}&#8221;][vc_column][vc_row_inner content_placement=&#8221;top&#8221; gap=&#8221;25&#8243;][vc_column_inner width=&#8221;1\/4&#8243;][vc_custom_heading text=&#8221;PRIVILEGED GEOGRAPHIC POSITION&#8221; use_theme_fonts=&#8221;yes&#8221;][vc_column_text]<\/p>\n<ul>\n<li><strong>Country&#8217;s Capital:<\/strong> Panama City<\/li>\n<li><strong>Area:<\/strong> 75,517 km2<\/li>\n<li><strong>Population:<\/strong> 4.158.783 (2018)<\/li>\n<li><strong>GDP:<\/strong> US $ 61 mil millones<\/li>\n<\/ul>\n<p>[\/vc_column_text][\/vc_column_inner][vc_column_inner width=&#8221;3\/4&#8243;][vc_single_image image=&#8221;1490&#8243; img_size=&#8221;full&#8221; alignment=&#8221;center&#8221;][\/vc_column_inner][\/vc_row_inner][vc_empty_space][vc_row_inner][vc_column_inner width=&#8221;1\/3&#8243;][vc_column_text]<strong>Connectivity<\/strong> through 7 underground fiber optic cables, virtually unlimited bandwidth.[\/vc_column_text][\/vc_column_inner][vc_column_inner width=&#8221;1\/3&#8243;][vc_column_text]<strong>+90 Destinations Tocumen International<\/strong> It is the best airport connected to Latin America, Asia, Europe, Oceania and Africa.[\/vc_column_text][\/vc_column_inner][vc_column_inner width=&#8221;1\/3&#8243;][vc_column_text]<strong>3.286.736 TEU<\/strong> Col\u00f3n has one of the busiest ports in Latin America (Puerto Crist\u00f3bal, Manzanillo International Terminal and Colon Container Terminal)[\/vc_column_text][\/vc_column_inner][\/vc_row_inner][vc_empty_space][vc_column_text css=&#8221;&#8221;]<\/p>\n<p style=\"text-align: justify;\">Panama&#8217;s geographic location is strategic, positioned equidistant from many countries in North, Central, and South America, as well as the Caribbean. This location allows for significantly shorter transit times\u2014typically under two weeks\u2014which is crucial for companies seeking speed and efficiency in delivering their products. This geographical advantage facilitates not only maritime transport through the Panama Canal, but also air and land connections, reducing wait times and enhancing the overall supply chain.<\/p>\n<p>[\/vc_column_text][vc_empty_space][\/vc_column][\/vc_row][vc_row full_width=&#8221;stretch_row&#8221;][vc_column width=&#8221;1\/2&#8243;][vc_custom_heading text=&#8221;Efficient and Effective International Banking&#8221; use_theme_fonts=&#8221;yes&#8221; css=&#8221;&#8221;][vc_column_text css=&#8221;&#8221;]<\/p>\n<p style=\"text-align: justify;\">Panama has a highly developed international banking system, with more than 80 national and international banks operating in the country. This robust banking sector provides efficient and effective financial services, including trade financing, credit facilities, and treasury management. The efficiency and strength of Panama\u2019s banking system facilitate international business operations, enabling companies to manage their finances with greater ease and security. Additionally, Panama\u2019s banking regulations comply with international standards, ensuring a secure and reliable financial environment.<\/p>\n<p>[\/vc_column_text][vc_empty_space][\/vc_column][vc_column width=&#8221;1\/2&#8243;][vc_custom_heading text=&#8221;Tax Benefits for Qualified Companies&#8221; use_theme_fonts=&#8221;yes&#8221; css=&#8221;&#8221;][vc_column_text css=&#8221;&#8221;]<\/p>\n<p style=\"text-align: justify;\">Panama offers a range of tax incentives and benefits for qualifying companies, especially those operating within the Col\u00f3n Free Zone and other special economic zones. These benefits may include exemptions from income tax, import duties, and other fiscal charges. These policies are designed to attract foreign investment and promote the development of the country\u2019s logistics infrastructure. Companies that take advantage of these incentives can significantly reduce their operational costs, thereby increasing their competitiveness in the global market.<\/p>\n<p>[\/vc_column_text][vc_empty_space][\/vc_column][\/vc_row][vc_row][vc_column width=&#8221;1\/2&#8243;][vc_custom_heading text=&#8221;Dollarized Economy&#8221; use_theme_fonts=&#8221;yes&#8221; css=&#8221;&#8221;][vc_column_text css=&#8221;&#8221;]<\/p>\n<p style=\"text-align: justify;\">Panama uses the U.S. dollar as its official currency, eliminating currency exchange risk for international companies operating in the country. This dollarization provides economic stability, which is highly valued by investors and multinational businesses. It also simplifies financial and commercial transactions, making operations more predictable and secure. A dollarized economy is especially attractive for companies seeking a stable and reliable environment for their investments and logistics operations.<\/p>\n<p>[\/vc_column_text][vc_empty_space][\/vc_column][vc_column width=&#8221;1\/2&#8243;][vc_custom_heading text=&#8221;Customs Regulations&#8221; use_theme_fonts=&#8221;yes&#8221; css=&#8221;&#8221;][vc_column_text css=&#8221;&#8221;]<\/p>\n<p style=\"text-align: justify;\">Panama\u2019s customs regulations are relatively straightforward and are designed to facilitate international trade. The country has implemented modern and efficient customs procedures that reduce clearance times and minimize bureaucratic obstacles. Companies operating in Panama benefit from fast and efficient processing of their imports and exports, which enhances supply chain fluidity. The transparency and simplicity of the customs system also contribute to a business-friendly environment, attracting more companies to establish their logistics operations in the country.<\/p>\n<p>[\/vc_column_text][vc_empty_space][\/vc_column][\/vc_row][vc_row][vc_column][vc_custom_heading text=&#8221;MULTI-MODAL LOGISTICS PLATFORM&#8221; use_theme_fonts=&#8221;yes&#8221;][vc_column_text]<\/p>\n<p style=\"text-align: justify;\">A logistics platform is the combination of infrastructures, technologies, processes, regulations and human capital that make the movement, transformation and storage of products possible. Much of the logistics platform in Panama has been developed to support international trade.<br \/>\nPanama has a set of logistics components that have functioned organically for more than a century in a coordinated system.<\/p>\n<p>These components include ports, airports, special economic zones, and an interconnection network that includes main highways such as the Trans-isthmic Highway and the Pan-American Highway, corridors and highways, which are well intertwined, making the country an important hub for regional and international trade.<\/p>\n<p>The geographical location of Panama, together with the expansion and continuous development of large infrastructures, motivate both nationals and foreigners to see the country as a great center with distribution potential for the markets of the United States, Canada and Latin America.[\/vc_column_text][vc_empty_space][vc_single_image image=&#8221;1470&#8243; img_size=&#8221;full&#8221; alignment=&#8221;center&#8221;][vc_empty_space][\/vc_column][\/vc_row][vc_row css=&#8221;.vc_custom_1621960762134{padding-top: 20px !important;padding-bottom: 20px !important;}&#8221;][vc_column width=&#8221;1\/3&#8243;][vc_custom_heading text=&#8221;WORLD TRADE LOGISTICS CENTER&#8221; use_theme_fonts=&#8221;yes&#8221;][vc_column_text]<\/p>\n<p style=\"text-align: justify;\">The Colon Free Zone, thanks to its unbeatable geographical location, the Panama Canal just minutes away along with 5 world-class ports serving more than 15 shipping companies that offer better freight, allowing import and export companies to save money on operating costs.<\/p>\n<p>Among other advantages offered by the Colon Free Zone we can highlight:<\/p>\n<ul>\n<li><strong>0%<\/strong> Income Tax<\/li>\n<li><strong>0%<\/strong> Import Taxes<\/li>\n<li><strong>0%<\/strong> Export Tax<\/li>\n<\/ul>\n<p>The size of the potential market in Latin America:<\/p>\n<ul>\n<li><strong>Population North America:<\/strong> 506M<\/li>\n<li><strong>Population Central America:<\/strong> 30M<\/li>\n<li><strong>Population South America:<\/strong> 430M<\/li>\n<\/ul>\n<p>[\/vc_column_text][\/vc_column][vc_column width=&#8221;2\/3&#8243;][vc_single_image image=&#8221;1730&#8243; img_size=&#8221;full&#8221; alignment=&#8221;center&#8221;][\/vc_column][\/vc_row][vc_row css=&#8221;.vc_custom_1621953554330{padding-top: 20px !important;padding-bottom: 20px !important;}&#8221;][vc_column offset=&#8221;vc_hidden-sm vc_hidden-xs&#8221;][vc_custom_heading text=&#8221;LOGISTICS GROUP OF AMERICA&#8221; use_theme_fonts=&#8221;yes&#8221;][vc_row_inner equal_height=&#8221;yes&#8221; css=&#8221;.vc_custom_1621952835181{margin-bottom: 0px !important;}&#8221;][vc_column_inner width=&#8221;1\/2&#8243; css=&#8221;.vc_custom_1449205271760{margin-bottom: 30px !important;}&#8221;][vc_column_text css=&#8221;.vc_custom_1626709407855{border-top-width: 2px !important;border-right-width: 2px !important;border-bottom-width: 2px !important;border-left-width: 2px !important;padding-top: 40px !important;padding-right: 30px !important;padding-bottom: 40px !important;padding-left: 30px !important;background-color: #f5f5f5 !important;border-left-color: #2e4e82 !important;border-left-style: solid !important;border-right-color: #2e4e82 !important;border-right-style: solid !important;border-top-color: #2e4e82 !important;border-top-style: solid !important;border-bottom-color: #2e4e82 !important;border-bottom-style: solid !important;}&#8221;]<\/p>\n<h5><\/h5>\n<p>33% of country GDP is related Logistics[\/vc_column_text][\/vc_column_inner][vc_column_inner width=&#8221;1\/2&#8243; css=&#8221;.vc_custom_1449205275416{margin-bottom: 30px !important;}&#8221;][vc_column_text css=&#8221;.vc_custom_1626709427975{border-top-width: 2px !important;border-right-width: 2px !important;border-bottom-width: 2px !important;border-left-width: 2px !important;padding-top: 40px !important;padding-right: 30px !important;padding-bottom: 40px !important;padding-left: 30px !important;background-color: #f5f5f5 !important;border-left-color: #2e4e82 !important;border-left-style: solid !important;border-right-color: #2e4e82 !important;border-right-style: solid !important;border-top-color: #2e4e82 !important;border-top-style: solid !important;border-bottom-color: #2e4e82 !important;border-bottom-style: solid !important;}&#8221;]<\/p>\n<h5><\/h5>\n<p>Panama Canal expansion Potencial growth and lanes[\/vc_column_text][\/vc_column_inner][\/vc_row_inner][vc_row_inner equal_height=&#8221;yes&#8221; css=&#8221;.vc_custom_1621952835181{margin-bottom: 0px !important;}&#8221;][vc_column_inner width=&#8221;1\/2&#8243; css=&#8221;.vc_custom_1449205271760{margin-bottom: 30px !important;}&#8221;][vc_column_text css=&#8221;.vc_custom_1626709454760{border-top-width: 2px !important;border-right-width: 2px !important;border-bottom-width: 2px !important;border-left-width: 2px !important;padding-top: 40px !important;padding-right: 30px !important;padding-bottom: 40px !important;padding-left: 30px !important;background-color: #f5f5f5 !important;border-left-color: #2e4e82 !important;border-left-style: solid !important;border-right-color: #2e4e82 !important;border-right-style: solid !important;border-top-color: #2e4e82 !important;border-top-style: solid !important;border-bottom-color: #2e4e82 !important;border-bottom-style: solid !important;}&#8221;]<\/p>\n<h5><\/h5>\n<p>Biggest Ports in Latin America with over 7 millions of TEUS yearly[\/vc_column_text][\/vc_column_inner][vc_column_inner width=&#8221;1\/2&#8243; css=&#8221;.vc_custom_1449205275416{margin-bottom: 30px !important;}&#8221;][vc_column_text css=&#8221;.vc_custom_1626709478996{border-top-width: 2px !important;border-right-width: 2px !important;border-bottom-width: 2px !important;border-left-width: 2px !important;padding-top: 40px !important;padding-right: 30px !important;padding-bottom: 40px !important;padding-left: 30px !important;background-color: #f5f5f5 !important;border-left-color: #2e4e82 !important;border-left-style: solid !important;border-right-color: #2e4e82 !important;border-right-style: solid !important;border-top-color: #2e4e82 !important;border-top-style: solid !important;border-bottom-color: #2e4e82 !important;border-bottom-style: solid !important;}&#8221;]<\/p>\n<h5><\/h5>\n<p>Highest Connectivity and Logistics Performance index in LATAM according United Nations<br \/>\n[\/vc_column_text][\/vc_column_inner][\/vc_row_inner][vc_row_inner equal_height=&#8221;yes&#8221; css=&#8221;.vc_custom_1621952835181{margin-bottom: 0px !important;}&#8221;][vc_column_inner width=&#8221;1\/2&#8243; css=&#8221;.vc_custom_1449205271760{margin-bottom: 30px !important;}&#8221;][vc_column_text css=&#8221;.vc_custom_1626709499999{border-top-width: 2px !important;border-right-width: 2px !important;border-bottom-width: 2px !important;border-left-width: 2px !important;padding-top: 40px !important;padding-right: 30px !important;padding-bottom: 40px !important;padding-left: 30px !important;background-color: #f5f5f5 !important;border-left-color: #2e4e82 !important;border-left-style: solid !important;border-right-color: #2e4e82 !important;border-right-style: solid !important;border-top-color: #2e4e82 !important;border-top-style: solid !important;border-bottom-color: #2e4e82 !important;border-bottom-style: solid !important;}&#8221;]<\/p>\n<h5><\/h5>\n<p>Highways for Road services to Central America and locally[\/vc_column_text][\/vc_column_inner][vc_column_inner width=&#8221;1\/2&#8243; css=&#8221;.vc_custom_1449205275416{margin-bottom: 30px !important;}&#8221;][vc_column_text css=&#8221;.vc_custom_1626709520194{border-top-width: 2px !important;border-right-width: 2px !important;border-bottom-width: 2px !important;border-left-width: 2px !important;padding-top: 40px !important;padding-right: 30px !important;padding-bottom: 40px !important;padding-left: 30px !important;background-color: #f5f5f5 !important;border-left-color: #2e4e82 !important;border-left-style: solid !important;border-right-color: #2e4e82 !important;border-right-style: solid !important;border-top-color: #2e4e82 !important;border-top-style: solid !important;border-bottom-color: #2e4e82 !important;border-bottom-style: solid !important;}&#8221;]<\/p>\n<h5><\/h5>\n<p>Multi-modal connectivity between Atlantic and Pacific Ocean (Railroad, Highway, Canal)[\/vc_column_text][\/vc_column_inner][\/vc_row_inner][vc_row_inner equal_height=&#8221;yes&#8221; css=&#8221;.vc_custom_1621952835181{margin-bottom: 0px !important;}&#8221;][vc_column_inner width=&#8221;1\/2&#8243; css=&#8221;.vc_custom_1449205271760{margin-bottom: 30px !important;}&#8221;][vc_column_text css=&#8221;.vc_custom_1626709536785{border-top-width: 2px !important;border-right-width: 2px !important;border-bottom-width: 2px !important;border-left-width: 2px !important;padding-top: 40px !important;padding-right: 30px !important;padding-bottom: 40px !important;padding-left: 30px !important;background-color: #f5f5f5 !important;border-left-color: #2e4e82 !important;border-left-style: solid !important;border-right-color: #2e4e82 !important;border-right-style: solid !important;border-top-color: #2e4e82 !important;border-top-style: solid !important;border-bottom-color: #2e4e82 !important;border-bottom-style: solid !important;}&#8221;]<\/p>\n<h5><\/h5>\n<p>International Airport HUB for passenger and cargo with more than 80 direct flights[\/vc_column_text][\/vc_column_inner][vc_column_inner width=&#8221;1\/2&#8243; css=&#8221;.vc_custom_1449205275416{margin-bottom: 30px !important;}&#8221;][vc_column_text css=&#8221;.vc_custom_1626709560277{border-top-width: 2px !important;border-right-width: 2px !important;border-bottom-width: 2px !important;border-left-width: 2px !important;padding-top: 40px !important;padding-right: 30px !important;padding-bottom: 40px !important;padding-left: 30px !important;background-color: #f5f5f5 !important;border-left-color: #2e4e82 !important;border-left-style: solid !important;border-right-color: #2e4e82 !important;border-right-style: solid !important;border-top-color: #2e4e82 !important;border-top-style: solid !important;border-bottom-color: #2e4e82 !important;border-bottom-style: solid !important;}&#8221;]<\/p>\n<h5><\/h5>\n<p>Free Trade Zones In both oceans Colon &amp; Panama Pacifico[\/vc_column_text][\/vc_column_inner][\/vc_row_inner][\/vc_column][\/vc_row]<\/p>\n<\/div>","protected":false},"excerpt":{"rendered":"<p>[vc_row css=&#8221;.vc_custom_1621953566188{padding-top: 20px !important;padding-bottom: 20px !important;}&#8221;][vc_column][vc_row_inner content_placement=&#8221;top&#8221; gap=&#8221;25&#8243;][vc_column_inner width=&#8221;1\/4&#8243;][vc_custom_heading text=&#8221;PRIVILEGED GEOGRAPHIC POSITION&#8221; use_theme_fonts=&#8221;yes&#8221;][vc_column_text] Country&#8217;s Capital: Panama City Area: 75,517 km2 Population: 4.158.783 (2018) GDP: US $ 61 mil millones [\/vc_column_text][\/vc_column_inner][vc_column_inner width=&#8221;3\/4&#8243;][vc_single_image image=&#8221;1490&#8243; img_size=&#8221;full&#8221;&#8230;<\/p>\n","protected":false},"author":1,"featured_media":0,"parent":0,"menu_order":0,"comment_status":"closed","ping_status":"closed","template":"","meta":{"footnotes":""},"class_list":["post-1820","page","type-page","status-publish","hentry"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v28.4 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>\u25b7 Why Panama? | Global Cargo Panam\u00e1<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.globalcargo.com.pa\/en\/why-panama\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"\u25b7 Why Panama? | Global Cargo Panam\u00e1\" \/>\n<meta property=\"og:description\" content=\"[vc_row css=&#8221;.vc_custom_1621953566188{padding-top: 20px !important;padding-bottom: 20px !important;}&#8221;][vc_column][vc_row_inner content_placement=&#8221;top&#8221; 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