Locating your company in the Panamanian Free Zone provides great benefits, primarily in tax and tariff exemptions, plus it has logistics operators that can handle the entire process from making a sale to delivering it to your client throughout Latin America and the Caribbean. The main requirement is to apply for the Operations Key (Clave de Operaciones) in Panama, which is simply a Commercial License issued by the Government of the Republic of Panama that will allow your company to carry out its commercial activity in the Colon Free Zone; the cost of the Notice of Operation will be $2,500 annually, the electronic commercial movement declaration costs $300, and the additional costs explained below will depend on the classification of how you plan to establish your business. This procedure will take no more than 60 days on average for approval.
On the other hand, if you want to register your trademark, you must go to the General Directorate of the Industrial Property Registry of the Ministry of Commerce and Industries of Panama (DIGERPI) to submit the application. After filling out the form and including the additional documents, you must wait approximately one month to get a response.
