Regulated by means of Act No. 41 of 2004, Panama suscribed
a special regime to Panama-Pacifico area.
The purpose of the Law is to create a special legal, tax,
customs, labor, immigration and business regime, designed to
encourage and ensure the free flow and movement of goods, services
and funds so as to attract and promote investments and the
generation of jobs and to make the Republic of Panama more
competitive within the global economy.
It also has an autonomous entity called the Panama-Pacific
Special Economic Area Agency charged with implementing the regime,
regulating the activities carried out and setting down the criteria
for contracting with one or several developers or operators of
renown and experience on an international level who shall be
entrusted with the planning, development and promotion of the
Panama-Pacific Area.
