The Colon Free Zone in Panama

The Panamanian Free Zone is the most important in the Latin American continent and the second in the world, where you can enjoy tax benefits such as tax exemption on the prices of products you import outside of Panama, giving you greater profitability at the lowest cost and in the shortest possible time; it is located in the city of Colon on the Caribbean coast; with an area of more than 1,064 hectares and around 2,649 established companies, you can find services and centers for importing, storing, assembling, packaging, and re-exporting products to any part of the world. Its imports mainly come from China, the United States, and Singapore, always destined for the rest of the American continent. Colon has the Cristobal Port, operated by Panama Ports Company (PPC), one of the most active in the region. Acquire original products from companies licensing major brands for all of Latin America such as Playboy, Guess, Disney, Skechers, Maxwell, Stanley, Goodyear, Hamilton Beach, Conair, Black & Decker, Oster, Rockford Fosgate, Victoria’s Secret, Nike, and many more.

The Government of the Republic of Panama established it as an autonomous institution, which is operated and administered by its board of directors, an executive committee, and the general manager of the institution.

The opening hours of the wholesale stores for your Tax-Free shopping are from Monday to Friday from 8:00 AM to 5:00 PM (GMT-5). Only a few stores open on Saturdays until noon, and you must be aware of the Panamanian national holidays when none are open. Some distribution companies offer retail sales to their visitors since it is primarily a wholesale business area.

How to buy wholesale?

There are 2 ways to buy wholesale merchandise in the Tax-Free Zone. The first option is to visit Panama and make your purchases in person at their showrooms/sales rooms in Colon. We know it is the most complex way, but many merchants still prefer to visit the Central American country; our advice is that you should look for the List of Companies in the Free Zone Directory: dizolicol.com, to know which stores sell the products you are looking for and make the most of your visit.

The second option is to make your purchases online by contacting Panamanian companies via email, social networks, e-commerce, or WhatsApp; remember that you will find the categorized businesses in DIZOLICOL, which will make your work easier when choosing the products to import. Their salespeople will provide detailed information on how to acquire wholesale items and which logistics companies to choose to ship your cargo, whether by ship, plane, or land.

Products sold in the Panamanian Free Zone

A wide range of services and products is offered to companies and consumers from all over the world. Some of the services and products you can find include:

Agriculture

Manufacturing Articles

Musical Instruments

Jewelry & Watches

Medicine

General Merchandise

Office & School

Industrial Products

Security

Where is the Panama Free Zone located?

Located on the Caribbean coast of Panama, near the Atlantic entrance of the Panama Canal in the province of Colon; surrounded by four ports specialized in container cargo transport, two cruise terminals, an international airport, and a railway terminal.

The distance between Panama City and Colon is approximately 73.5 km with an estimated travel time between 58-90 minutes, it all depends on where you are and the type of transportation you choose. There are several ways to get to ZOLICOL, choose the one that best fits your budget.

How to get from Panama City to Colon?

By Car [Private / Rented]

Going by private or rented car is the best option because you need to move inside the Zone to visit the different stores, as it is a large commercial area and has different access routes. To do this, you must take the North Corridor (Corredor Norte), where a toll fee of around US$ 2.50 must be paid. This consists of a road that goes from Panama to Chilibre or vice versa. It can also be the Transisthmian highway (Vía Transístmica), through which you can reach the business area in approximately 45 minutes.

By Taxi / Minibuses / Uber / Cabify

You can take a taxi from outside your hotel, minibuses from private tour companies, or hire transportation services through mobile apps like Uber or Cabify. Usually, a taxi will charge you approximately US$ 60 for a one-way trip, and our recommendation is that you always agree on the fare with the driver before taking the service to avoid misunderstandings.

By Bus

Head to the Albrook Bus Terminal, which is part of the Albrook Mall in Panama City. From there you can take a bus to Colon; the departure frequency is 30 mins, at a cost of US$ 3.15 for the one-way trip. You must also purchase the Rapi Pass card at the terminal to move within it for a cost of US$ 2. Although the Colon Bus Terminal is relatively close to the zone, for your convenience it is better to take a taxi to the passes entrance, located at 14th Street and Bolivar Avenue, which has a departure frequency of 30 mins back to Panama City.

By Train "Panama Canal Railway Company"

The Panama Railway makes a daily trip from Monday to Friday, from Panama City to Colon, leaving from the Corozal Passenger Station at 7:15 AM and returning at 5:15 PM from the Colon 2000 Cruise Port, with an approximate travel time of 1 hour. It is not necessary to purchase tickets in advance, and you can buy them at each station for a cost of US$ 25 per one-way trip for adults, US$ 15 for children, and US$ 17.50 for retirees.

One-day shopping tour

Tourist agencies offer a Shopping Tour / Excursions, where they pick up the tourist at their hotel and transfer them to the province of Colon to make their retail purchases or wholesale orders in ZOLICOL, all in a «Full Day,» and at the end of the day, they take them back to the hotel or hostel where they are staying. They last approximately 8 hours and the cost varies depending on the agency you hire; you can find packages per person from $80 onwards, which include transportation and charge an additional fee per person.

How to enter the Colon Free Zone?

To enter for tax-free shopping you must request a circulation pass, which will depend on the category you fall into. That is why you must approach the passes area to enter, located at the main entrance on Roosevelt Avenue with 13th Street in Colon. There they will provide you with the pass forms for entry and clarify all your doubts. For tourists arriving by Cruise at Colon 2000 Port, you can walk about 8 minutes to that entrance, guiding yourself with Google Maps; it is IMPORTANT that although you may encounter several entrances/exits to the Free Zone on the way, only at the passes point on Roosevelt Ave. will you be able to register and pay for your access ticket. In case your Cruise makes a stop at the Cristobal Port in Colon, you can take advantage of your short stay by taking the FREE BUS that will transfer you to the tax-free stores in a few minutes.

How to enter the Free Zone as a Tourist?

Requirements to apply for a Tourist Pass

Pass granted to tourists wishing to enter the Business area in Colon, provided they have their valid passport and stamp. They must go to the passes door. It has a cost of US$ 5.

Requirements to apply for a rental car pass for tourists

Special permit granted to tourists wishing to enter with their rented car. They must present the contract from the rental company and go to the passes door. It has a cost of US$ 15.

How to enter the Free Zone as a Panamanian?

I am Panamanian and want to buy in the Colon Free Zone? This pass is granted to Panamanian visitors from companies established outside the Free Zone area who wish to purchase products in the Colon Free Zone.

Requirements to apply for a Personal Visitor Pass

It costs US$ 25. To obtain it, you must go to the passes door and fill out the «Personal Visitor Pass Form.» The delivery time will depend on the number of passes requested, and it is valid for 1 year.

Requirements to apply for the visitor vehicle sticker

It costs US$ 50. To obtain it, you must go to the passes door and fill out the «Visitor Vehicle Pass Request Form.» It is valid for 1 year, and the delivery time is approximately five days.

Requirements to apply for the visitor motorcycle sticker

It costs US$ 25. To obtain it, you must go to the passes door and fill out the «Motorcycle Pass Form.» It is valid for 1 year, and the delivery time is approximately five days.

Requirements to apply for a Temporary Pass

Granted to the Organization of independent street vendors, it has a cost of US$ 3.

Entry Cost for Businessman or Investor

Passes granted to visitors from independent Companies established outside the Colon Zone area.

 

Requirements to apply for the Personal Visitor Pass

It costs US$ 12. To obtain it, you must go to the passes door and fill out the «Personal Visitor Pass Form.» The delivery time will depend on the number of passes requested, and the company is obligated to return them as soon as the employee stops providing service. It is valid for 1 year.

Requirements to apply for the visitor vehicle sticker

It costs US$ 50. To obtain it, you must go to the passes door and fill out the «Visitor Vehicle Pass Request Form.» It is valid for 1 year, and the delivery time is approximately five days.

Requirements to apply for the visitor motorcycle sticker

It costs US$ 25. To obtain it, you must go to the passes door and fill out the «Motorcycle Pass Form.» It is valid for 1 year, and the delivery time is approximately five days.

Requirements to apply for the provisional card (vehicular)

Cards granted to independent minibuses and set minibuses, construction vehicles. It costs US$ 10. To obtain it, you must go to the passes door; the process is carried out through letters accompanied by the vehicle documents.

Entry Cost for Free Zone Users

Requirements to apply for the Executive Pass

Pass granted to Managers or Legal Representatives of established companies. It has a cost of US$ 25 and a validity of 1 year. The processing time takes approximately 5 days.

Requirements to apply for the Permanent Personal Pass – User Companies and Visitor

Pass granted to the permanent staff of companies established within the Colon Free Zone. It has a cost of US$ 12 and a validity of 1 year. The processing time depends on the number of passes requested.

Requirements to apply for a Temporary Pass

Pass granted to temporary staff who are not on the payroll of the companies established within the business area. It has a cost of US$ 3 and a validity of 1 year.

Requirements to apply for the Private / Motorcycle Sticker

Vehicular pass granted to user companies established within the Colon Free Zone. It has a cost of US$ 15 for cars and a cost of US$ 25 for motorcycles, with a validity of 1 year. The processing time takes approximately 5 days.

Requirements to apply for the collective sticker

Vehicular pass granted to user companies that transport the employees of companies established in the Colon Free Zone. It has a cost of US$ 25 and a validity of 1 year. The processing time takes approximately 5 days.

Application to Renew Vehicular Passes

This year 2020 there will be no renewal of vehicular passes.

How to import merchandise from Panama to

Remember that you buy tax-free in Panama, but that does not mean that in your country you should not pay taxes or tariffs for the importation of merchandise. Below we show you the requirements you will have to import.

Envíos desde la Zona Libre de Colón en Panamá hasta Islas Caiman

Cayman Islands

Envíos desde la Zona Libre de Colón en Panamá hasta Puerto Rico

Puerto Rico

Envíos desde la Zona Libre de Colón en Panamá hasta San Cristóbal y Nieves

Saint Kitts and Nevis

Envíos desde la Zona Libre de Colón en Panamá hasta San Martin

Sint Maarten

Envíos desde la Zona Libre de Colón en Panamá hasta San Vicente y las Granadinas

Saint Vincent and the Grenadines

Envíos desde la Zona Libre de Colón en Panamá hasta Santa Lucia

Saint Lucia

Envíos desde la Zona Libre de Colón en Panamá hasta Surinam

Suriname

Envíos desde la Zona Libre de Colón en Panamá hasta Venezuela

Venezuela

How to buy online in the Free Zone?

Currently, the only option to buy online safely in the Free Zone is to look for the stores in DIZOLICOL and contact the companies via email or visit each store’s e-commerce separately, then request to consolidate the cargo to make a single shipment. Many companies accept payments via credit card, checks, international transfers, or cryptocurrencies such as USDT.

Likewise, you can contact them online via email, WhatsApp Business, or their social networks [Facebook – Instagram – LinkedIn] to give them a quick response to your doubts, request an updated stock product catalog, or buy on their website or e-commerce through electronic commerce. The first step is to search DIZOLICOL.COM for which business sells the products you are looking for; there you will find the companies’ contact information.

After finding where to buy, you must find the transportation company that will take the cargo to your business; companies can recommend who handles the logistics of your merchandise. Similarly, some carriers specialize in exporting to certain countries, you must find the right one for your country, and shipments can be by land, sea, or air.

Shipping of merchandise from Panama continues, you can even find products that would take longer to arrive from China; businessmen are choosing to hire the services of logistics operators who have operating permits and manage their inventory without having to travel, from the comfort of their business.

Companies in the Panama Free Zone

Known for being an important trade and distribution center for imported and exported products to and from Latin America, it currently has 2,649 established companies where you will find what to buy in Panama to sell.

What is the Official Directory with the List of Companies?

DIZOLICOL is the digital platform for the wholesale merchant, where they can find updated information on the COMPANIES located in the Colon Free Zone, the products they sell for their business or the different services they offer to facilitate processes, such as buying wholesale and then transporting that merchandise to their country, in addition to extra services they may need when making purchases and if visiting Panama, which hotels to stay in for greater comfort.

They have more than 2000 companies dedicated to various highly intensive commercial activities, making it an important economic and logistics center, providing a conducive environment for business development and facilitating trade in the region.

Participation in SIL Barcelona

The presence of representatives of the Colon Free Zone and prominent Panamanian logistics companies at SIL Barcelona highlights the relevance of international cooperation and knowledge exchange in the field of logistics and the supply chain. This collaboration will undoubtedly strengthen commercial relations and generate new opportunities for growth and innovation in both markets.

Colon Free Zone World Expo

The Commercial Fair for Wholesalers aims to provide an excellent opportunity to meet the companies located in the Free Zone and the representatives of the main brands that distribute products from Panama to different countries in Latin America. At the fair, visitors will be able to obtain information about the products and services offered, as well as learn about the logistics options available for the transportation of their purchases. In short, the fair is an excellent place to establish business contacts that could lead to future purchases. In addition, many exhibitors offer discounts and special promotions to visitors, so many unique opportunities can still be taken advantage of during your visit.