Zona Multimodal de Carga

PANAMA, A COUNTRY READY FOR DEVELOPMENT

ECONOMIC BONANZA
AND POLITICAL STABILITY

Dynamic cluster of more than 90 local and international banks, dollarized economy, low inflation, solid financial sector, democratic government and a sovereign and independent state.

MARKET WITH VOCATION
TO AIR MODE

Tocumen International Airport covers the largest international network of destinations in the region and, as an infrastructure, it occupies the first position in Latin America and the Caribbean.

FAVORABLE LEGAL FRAMEWORK
FOR BUSINESS

Greater number of commercial agreements in Central America reaching more than 60 countries. We have the Law on Multinational Company Headquarters (SEM) and the Investment Stability Law that benefit multinational companies.

SERVICE SECTOR

# 1 of Latin America in Logistics Performance Index and the fastest broadband download speed in all Central America with 7 submarine fiber optic cables that provide unlimited data transfer.

FREE TRADE ZONE

With 10 active free zones and 6 in development offering a wide range of fiscal, customs and migratory benefits, Panama strengthens logistics operations such as the largest free zone in the Western Hemisphere: Colon Free Zone.

STRATEGIC LOCATION

We have the most active ports in Latin America, in the Pacific and Atlantic Ocean, creating an interoceanic region barely 80 km wide, concentrating nearly 6% of international trade. More than 144 maritime routes connected with 1,700 ports in 160 countries thanks to the Panama Canal.

EFFICIENT MULTIMODAL CONNECTIVITY

The key to the value proposition of the new Multimodal Zone of air cargo in Panama lies in the connectivity of the country by sea, land and air in a transport system that connects two oceans allowing the integration of two free zones, the Panama Canal, the Pacific and Atlantic ports and the interoceanic railway in a maximum time-span of 90 minutes.

EFFICIENT MULTIMODAL CONNECTIVITY

The key to the value proposition of the new Multimodal Zone of air cargo in Panama lies in the connectivity of the country by sea, land and air in a transport system that connects two oceans allowing the integration of two free zones, the Panama Canal, the Pacific and Atlantic ports and the interoceanic railway in a maximum time-span of 90 minutes.

AIR CONNECTIVITY

COMMERCIAL FLIGHTS

CARGO FLIGHTS

FLIGHTS FREQUENCY

CONNECTIVITY RADIUS

COMMERCIAL FLIGHTS

CARGO FLIGHTS

FLIGHTS FREQUENCY

CONNECTIVITY RADIUS

COMMERCIAL FLIGHTS

The Tocumen International Airport has the largest air connectivity network in Latin America that exceeds 84 international destinations, representing a strategic meeting point and a mandatory route in the region; making it a strong interaction link between continents and the rest of the world. Currently, 27 commercial airlines operate and mobilize 15.6 million passengers a year, boosting tourism and economic growth in the region.

The sustained growth of passengers and operations in recent years has led the airport to create a development strategy for the next 20 years. In order to expand capacity and improve infrastructure and services, the new Terminal 2 is being built, which seeks to face the challenge of the new national and international passenger movement cycles and growth expectations of the airline industry in Panama.

CARGO FLIGHTS

With more than 15 cargo airlines and 15 commercial airlines "belly load", it mobilizes around 150,000 tons per year. The Tocumen International Airport, through the modernization of the current Cargo Terminal and the development of the New Logistics Zone, enhances access to new markets by favoring commercial exchange in the region.

Converting air cargo into a strategic business in terms of profitability and strengthening the airport's competitive position represents a major step forward for the logistics sector, boosting the competitiveness of the country and the region.

The Tocumen Airport moves 100% of the air cargo of the country and the evolution of the traffic of this cargo is directly linked to the development of the network of intercontinental services, commercial airlines and major cargo airlines such as DHL, a global leader in the logistics sector whose Regional base is established in this Airport.

FLIGHTS FREQUENCY

The Tocumen International Airport has 71 destinations with 1 or more daily frequencies.

North America

· Atlanta, United States
· Boston, United States
· California, United States
· Cancun, Mexico
· Chicago, United States
· Ft Lauderdale, United States
· Guadalajara, Mexico
· Houston, United States
· Las Vegas, United States
· Mexico D.F, Mexico
· Miami, United States
· Monterrey, Mexico
· Montreal, Canada
· Newark, United States
· New Orleans, United States
· New York, USA
· Orlando, United States
· Tampa, United States
· Toronto, Canada
· Washington DC, United States

Central America

· David, Panama
· El Salvador, El Salvador
· Guatemala, Guatemala
· Managua, Nicaragua
· San Jose, Costa Rica
· San Pedro Sula, Honduras
· Tegucigalpa, Honduras

South America

· Asuncion, Paraguay
· Barranquilla, Colombia
· Belo Horizonte, Brazil
· Bogota, Colombia
· Brasilia, Brazil
· Bucaramanga, Colombia
· Buenos Aires, Argentina
· Cali, Colombia
· Cartagena, Colombia
· Cordoba, Argentina
· Guayaquil, Ecuador
· Guyana, Guyana
· Lima, Peru
· Maiquetía, Venezuela
· Manaus, Brazil
· Maracaibo, Venezuela
· Medellin, Colombia
· Montevideo, Uruguay
· Pereira, Colombia
· Porto Alegre, Brazil
· Quito, Ecuador
· Rio de Janeiro, Brazil
· Río Negro, Colombia
· Rosario, Argentina
· San Andres, Colombia
· Santa Cruz, Bolivia
· Santiago, Chile
· São Paulo, Brazil
· Valencia, Venezuela

Caribbean

· Aruba, Aruba
· Curaçao, Curaçao
· Kingston, Jamaica
· Havana, Cuba
· Montego Bay, Jamaica
· Port Au Prince, Haiti
· Port of Spain, Trinidad and Tobago
· Punta Cana, Dominican Republic
· San Juan, Puerto Rico
· Santiago De Los Caballeros, Dominican Republic
· Santo Domingo, Dominican Republic

Europe

· Amsterdam, The Netherlands
· Frankfurt, Germany
· Madrid, Spain
· Paris, France

49

4

20

28

83

CONNECTIVITY RADIUS

Panama as a strategic node facilitates the distribution of cargo to North America and South America in less than 7 hours, which represents a comparative advantage.

This privileged and unique geographical location together with the integration of multimodal transport, creates synergies and economies of scale that optimize the country service offer.

Due to the nature of its connectivity, the Tocumen International Airport is committed to the development of a multimodal zone at the forefront, integrating the main actors in the chain, offering an efficient service focused on global commerce.

THE MULTIMODAL ZONE OF TOCUMEN WILL DEVELOP:

Integral solution for foreign trade that will strengthen the competitiveness of companies in the logistics sector. The New Air Cargo Hub will be composed of:

Cargo Terminal:

This area dedicated to aeronautical operations is essential to the activities related to the business of air cargo. It contemplates the modernization of the current platform, as well as the increase in the capacity of parking, security and lighting focused on providing the best and most reliable area for the development of logistics operations.

Logistic Zone:

First Free Zone Airport of the region, covered under the Free Zone regime (Law 32 of 2011) which allows to offer its users tax, migratory and labor benefits. It will have a total area of ~35 hectares and ~18 hectares in its first phase. It will facilitate the activities of added value, strengthening the competitiveness of the logistics companies.

BENEFITS OF THE PROJECT

VALUE PROPOSITION

SPECIAL REGIME FREE ZONE

AIRPORT INTEGRATION

VALUE PROPOSITION

SPECIAL REGIME FREE ZONE

AIRPORT INTEGRATION

Greater reliability of the logistics chain

The concentration in the same area of all the logistics operators generates operational and efficient benefits, creating a multiplier effect along the supply and distribution chain.

In a fast-growing world, consumers demand fast and flexible response times, making air freight a key factor in satisfying the demands of the final consumer.

Reduction of costs of handling and transportation of cargo

Reduced load exposure time and response time

Increase in productivity

Greater operational efficiency

Tax incentives

Chapter III of Executive Decree 62 that regulates the Law of Free Zones (Law 32 of 2011):

"All activity, operation, transaction, processing and transfer of real and personal property, purchase of equipment and construction materials, raw materials, machinery, tools, accessories, supplies and all good or service required for their operations, carried out by companies established within of the free zones, will be exempt from all direct and indirect taxes, contributions, fees, duties and national taxes. They will also be exempt from the operating license tax.

The finished products for re-export without any processing that implies a local added value is not allowed within the Free Trade Zones".

No nationalization of cargo between free zones

Exemption from income taxes for service companies

Labor incentives

Special migratory regime

Tocumen International Airport adds value to air cargo with the implementation of the Logistics Zone

The Tocumen International Airport is the main and largest in the country; It has the most advanced infrastructure in Latin America and the Caribbean. It is key to Panama's air connectivity, which reaffirms its competitiveness, boosting tourism and direct foreign investment.

As a complement to the country logistics strategy, the integral proposal of the airport focuses on accompanying the growth of air cargo along with the creation of a Logistics Zone to take advantage of and add value to the cargo that transits through it.

The new multimodal infrastructure represents a comparative advantage with respect to other logistics areas in the region, being the only one in Latin America within the airport premises.

HOW TO BE PART OF THE MULTIMODAL ZONE

Criteria to be eligible

Required documents

Participation process

Criteria to be eligible

More

Required documents

More

Participation process

More

Criteria to be eligible

1. Minimum annual re-export percentage 80%.
2. Minimum surface to request 3,000 m2.
3. Choose one of the approved investment schemes (scheme 2 aprooved for the first phase).
4. Be a legal entity (local or foreign).
5. Perform the activities allowed in the Regulation of Access to the Logistics Zone.
6. Present business proposal.
7. Present the documents indicated in Article 8 of the Regulation of Access to the Logistics Zone.

Required documents

1. Copy of the social pact and its reforms.
2. Copy of the personal identity card or passport of the directors, dignitaries, legal representative and attorneys of the legal entity that submits the application
3. Declaration of the final beneficiary of the company.
4. File of the applicant that will include a profile of the company, its background, capabilities and main clients, current address and contact information.
5. Two (2) commercial or professional references.
6. Two (2) bank references.
7. Biography of key personnel and management team of the company.
8. Financial statements of the last two (2) years of operations: balance sheet and income statement. They must be certified by an authorized public accountant. In the case of foreign legal entities, the financial statements must be certified by internationally auditing firms.
9. Statement signed by the legal representative of the company that must contain a detailed description of all the activities that the applicant proposes to carry out, an estimate of the initial and future investment projected for a logistic or industrial development within the Free Zone, the list of the equipment or systems needed for its operations and an estimate in square meters of the area or infrastructure that needs to be used.
10. Payment as registration fee, by certified check, management check or by deposit in the Banco Nacional de Panamá. The amount corresponding to this payment will not be refundable to the applicant in case his request for eligibility is rejected.
11. Other documents and additional requirements determined by the Promoter.

If the applicant is a legal entity established abroad, he must present the equivalent documents duly authenticated and authenticated by apostille or by consular authentication duly endorsed by the Ministry of Foreign Affairs of the Republic of Panama, as well as translated into Spanish if they were originally issued in a different language.

Foreign legal entities must register with the Public Registry of Panama to legitimize their legal status, before the final award and signing of a concession contract with the Free Trade Zone Operator, in accordance with the provisions of article 90 of the Law 32 of February 26, 1927, "On Corporations".

Participation process

1. The participating company must express interest by delivering documentation package for eligibility and business proposal on the date defined by Aeropuerto Internacional de Tocumen,S.A.
2. The participating company must submit a documentation package for eligibility and business proposal on the date defined by Aeropuerto Internacional de Tocumen,S.A.
3. The promoter (Aeropuerto Internacional de Tocumen,S.A.) will publish on the website the extract of companies that have met the eligibility requirements.
4. Once the companies have been chosen, the developer (Aeropuerto Internacional de Tocumen,S.A.) will assign the land according to availability.
5. The concessionaire must submit to the Free Trade Zone Commission of the Ministry of Commerce and Industries (MICI) application for license approval as a company established in the Free Trade Zone.
6. The concessionaire and the developer (Aeropuerto Internacional de Tocumen,S.A.) will sign a contract once the license is approved under the category of company established in the Free Trade Zone.
7. The permission to start construction is granted. *

* The Company must initiate the projected investment within the term of one (1) year, counted from the moment of its Registration as a Company established in the Logistics Zone, as well as notify the Operator of the area the effective start of operations within a term that does not exceed two (2) years.

Criteria to be eligible

1. Minimum annual re-export percentage 80%.
2. Minimum surface to request 3,000 m2.
3. Choose one of the approved investment schemes (scheme 2 aprooved for the first phase).
4. Be a legal entity (local or foreign).
5. Perform the activities allowed in the Regulation of Access to the Logistics Zone.
6. Present business proposal.
7. Present the documents indicated in Article 8 of the Regulation of Access to the Logistics Zone.

Required documents

1. Copy of the social pact and its reforms.
2. Copy of the personal identity card or passport of the directors, dignitaries, legal representative and attorneys of the legal entity that submits the application
3. Declaration of the final beneficiary of the company.
4. File of the applicant that will include a profile of the company, its background, capabilities and main clients, current address and contact information.
5. Two (2) commercial or professional references.
6. Two (2) bank references.
7. Biography of key personnel and management team of the company.
8. Financial statements of the last two (2) years of operations: balance sheet and income statement. They must be certified by an authorized public accountant. In the case of foreign legal entities, the financial statements must be certified by internationally auditing firms.
9. Statement signed by the legal representative of the company that must contain a detailed description of all the activities that the applicant proposes to carry out, an estimate of the initial and future investment projected for a logistic or industrial development within the Free Zone, the list of the equipment or systems needed for its operations and an estimate in square meters of the area or infrastructure that needs to be used.
10. Payment as registration fee, by certified check, management check or by deposit in the Banco Nacional de Panamá. The amount corresponding to this payment will not be refundable to the applicant in case his request for eligibility is rejected.
11. Other documents and additional requirements determined by the Promoter.

If the applicant is a legal entity established abroad, he must present the equivalent documents duly authenticated and authenticated by apostille or by consular authentication duly endorsed by the Ministry of Foreign Affairs of the Republic of Panama, as well as translated into Spanish if they were originally issued in a different language.

Foreign legal entities must register with the Public Registry of Panama to legitimize their legal status, before the final award and signing of a concession contract with the Free Trade Zone Operator, in accordance with the provisions of article 90 of the Law 32 of February 26, 1927, "On Corporations".

Participation process

1. The participating company must express interest by delivering documentation package for eligibility and business proposal on the date defined by Aeropuerto Internacional de Tocumen,S.A.
2. The participating company must submit a documentation package for eligibility and business proposal on the date defined by Aeropuerto Internacional de Tocumen,S.A.
3. The promoter (Aeropuerto Internacional de Tocumen,S.A.) will publish on the website the extract of companies that have met the eligibility requirements.
4. Once the companies have been chosen, the developer (Aeropuerto Internacional de Tocumen,S.A.) will assign the land according to availability.
5. The concessionaire must submit to the Free Trade Zone Commission of the Ministry of Commerce and Industries (MICI) application for license approval as a company established in the Free Trade Zone.
6. The concessionaire and the developer (Aeropuerto Internacional de Tocumen,S.A.) will sign a contract once the license is approved under the category of company established in the Free Trade Zone.
7. The permission to start construction is granted. *

* The Company must initiate the projected investment within the term of one (1) year, counted from the moment of its Registration as a Company established in the Logistics Zone, as well as notify the Operator of the area the effective start of operations within a term that does not exceed two (2) years.

SOME OF THE PRODUCTS THAT WILL BE HANDLED IN THE LOGISTICS ZONE

Perishables

To strengthen the cold chain and the "Food Hub" of Panama, the Logistics Zone is proposed as the main re-export window for products such as fruits, vegetables, flowers, fish and shellfish; and other frozen and fresh perishables.

Clothes and shoes

Deconsolidation, labeling, marking, stamping, tanning and dressing of leather are some of the added values applicable to these market niches. Following the growing transformation of the fashion industry in recent years and the establishment of luxury brands, it is necessary to have regional distribution centers that facilitate commercial exchange.

Fragrances and Cosmetics

Packing, distribution and labeling of product specifications, are some of the services to offer a wide variety of makeup products, hair, manicure and personal hygiene, creams, lotions, powders and essential oils, among others.

Medical devices and Pharmaceuticals

Integral solution for companies dedicated to the labeling, distribution, packaging, assembly, promotional packaging and deconsolidation of pharmaceuticals that require an uninterrupted cold chain

E-commerce

Benefited by the privileged location within the airport, the availability of broadband and connectivity with the region, the e-commerce business is in full growth due to the penetration of the use of smartphones and solid communications infrastructure, which translates into greater regional internet coverage.

Hi-tech products

Ideal space to optimize and reduce the operating costs of companies focused on assembly and distribution, repairs, repackaging, labeling and sealing small pieces of cell phones, tablets, laptops, printers, computers and other high-tech electronic equipment.

Spare parts

Dynamic cluster for the establishment of companies that require the agile management of the supply of spare parts to repair any type of machinery and optimize inventory management, generating savings that translate into higher quality of service.

Precision Instruments

The high demand of hospitals and health care centers in Latin America, generate the need to establish a regional distribution center of precision instruments such as: magnetic resonance and ultrasound equipment; and a wide variety of diagnostic and treatment equipment for human health.

	LEY 32 de 5 de abril de 2011
	Reglamentación de la Ley 32 de 2011 mediante Decreto Ejecutivo 62 de 11 de abril de 2017
	Reglamento de Acceso a ZLAT
	Resolución de Aduanas Tocumen Zona Franca - Gaceta Oficial