Oil Free Zones (Petroleum Free Zone)
Oil Free Zones (Petroleum Free Zone) is a Free Trade Zone located in various locations (storage, pipelines, refineries), Panama, established in 1987, regulated by the National Energy Secretariat and Ministry of Commerce and Industries (for licensing).
Key Facts
| Type | Free Trade Zone |
|---|---|
| Location | various locations (storage, pipelines, refineries), Panama |
| Year Established | 1987 |
| Governing Authority | National Energy Secretariat and Ministry of Commerce and Industries (for licensing) |
| Status | active |
Investment Incentives
Exemptions from import duties, taxes on petroleum and its by-products for international markets, special tax regime for refining, storage, transport and export operations
About Oil Free Zones (Petroleum Free Zone)
Panama's Petroleum Free Zones are designated areas where individuals or corporations, national or foreign, can conduct various tax-exempt operations related to crude oil, semi-processed oil, and its by-products. These zones leverage Panama's strategic geographical position and the Panama Canal to serve as a major redistribution center for oil and downstream products. Activities include introduction, storage, refining, transformation, manufacturing, mixing, purifying, bottling, marketing, transport, transfer, pumping, and sale for domestic or international markets.
Frequently Asked Questions
What type of zone is Oil Free Zones (Petroleum Free Zone)?
Oil Free Zones (Petroleum Free Zone) is a Free Trade Zone.
Where is Oil Free Zones (Petroleum Free Zone) located?
Oil Free Zones (Petroleum Free Zone) is located in various locations (storage, pipelines, refineries), Panama.
When was Oil Free Zones (Petroleum Free Zone) established?
Oil Free Zones (Petroleum Free Zone) was established in 1987.
Who regulates Oil Free Zones (Petroleum Free Zone)?
Oil Free Zones (Petroleum Free Zone) is regulated by the National Energy Secretariat and Ministry of Commerce and Industries (for licensing).
What are the investment incentives at Oil Free Zones (Petroleum Free Zone)?
Exemptions from import duties, taxes on petroleum and its by-products for international markets, special tax regime for refining, storage, transport and export operations