special economic zone

Container ship on sea

Overview of the Dominican Republic’s Free Trade Agreements

The Dominican Republic is member of numerous free trade agreements. In addition, the country has established more than 50 free trade zones, the “Zonas Francas”. More than 500 companies are still operating actively in these zones, taking advantage of various tax exemption for 15 years. As the country’s economy mainly depends on exports, the country …

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Panama City, Panama

Business Incentives in the Special Economic Zones of Panama

Find out how special economic zones in Panama can support your expanding business in Central America. Panama has one of the strongest and stable economies of Central America. According to the World Bank, Panama ranks as the second-fastest growing economy in the Caribbean and Latin America with a forecasted growth of 3.7% in 2020. This …

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Uruguay Revamps its Free Trade Zone Regulations

Uruguay Revamps its Free Trade Zone Regulations

Free trade zones have been the catalyst for multinational expansions across the world. By benefiting from the competitive tax and customs exemptions, businesses are able to reinvest profit and grow faster.  Uruguay is home to 12 free trade zones in total. Within these zones, all forms of business activities are permitted: from manufacturing and warehousing, …

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Panama City of Knowledge

Opportunities Awaiting Businesses in Panama’s City of Knowledge

Panama draws attention worldwide for its stellar economic growth and port facilities, enabling a strong entry point for businesses all over the world into Latin America. Next on the country’s economic development list is strengthening the skills of its local and expatriate workforce. Panama’s City of Knowledge is opening its doors for expert technological and …

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Panama

New President in Panama: What Does This Mean for Business?

On 5 May, 2019, Laurentino Cortizo was elected as the new President of the Republic of Panama, formally taking office on 1 July. As part of his agenda, the new President-elect has secured through one of his proposals an economic acceleration plan which will encourage foreign investment and the creation of new companies in Panama. …

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