Any company or person that wished to become established in the Colon Free Zone can do so under one or more of the following operational schemes:

  • Subscribing with the Administration an Lot Rental Contract
  • Subscribing with the Administration a Building or Commercial Premise Contract.
  • Subscribing with the Administration a Premise Rental Contract for warehouses.
  • Subscribing with a company that is already established, a Representation Contract.
  • Using the services of the Public Warehouse established in the Colon Free Zone .

LEGAL ASPECTS

Pursuant to Law Decree 18 of 1948, the corporations that operate in the Colon Free Zone will not be required a Commercial License nor minimum investment capital, but they will be required to meet the following regulations:

The following documentary evidence will be required:

  • Articles of Incorporation.
  • Banking and Commercial references.
  • Employ a minimum of five (5) local workers.
  • Re-export a minimum of sixty (60%) percent of the goods that are imported.
  • Pay the rent in the first five days of each month..
  • Report the commercial movement of all the products that enter or exit the Free Zone, in appropriate forms, at the time the operation is carried out.

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