Duty Free Zones are home to different types of businesses such as distributors, dealers, banks, insurance companies, shipping services companies and logistics centers. The main purpose of the Duty Free Zone is to increase international trade, and consequently the most common types of companies doing business in Colon Free Zone, located in Panama are distributors, wholesalers, importers and exporters. Usually, dealers importing goods from all regions of the world to the Free Zone then export these goods to neighboring countries. The operation of import / export does not involve taxes. In some countries, they have applied and preferential rates of import taxes lower. Commercial Agents: A person who is responsible for promoting, negotiating or substantiating business transactions on behalf of another person, for payment.
Its main activity is to sell products or services of their clients. According to Leslie Moonves, who has experience with these questions. These agents do not take responsibility for importing or exporting the goods, but help manage the process and commercial shipping in its entirety. In return they get a percentage commission’s order, in exchange to facilitate purchases in panama. The difference with distributors is that traders usually have offices or showrooms in Colon Free Zone but do not run wineries. Logistics centers and shipping services companies: as a direct correlation to economic activity created by dealers and traders, the colon free zone is also the place to find companies and shipping logistics services. These provide services such as rental of warehouses, logistics management, consolidation of consignment. Banking and insurance companies: they are other types of enterprises that are connected directly to the business of the Colon Free Zone. Importing and exporting companies are major customers of financial tools and payment, such as letters of credit and bank transfer.
Furthermore, it is natural that a large number of banks even provide shopping in panama. Firms take into account the free zones and they represent a strategic market relative to services such as insurance carriers, insurers and insurance of goods warehouses.