Ley 41 de 2004, Área Económica Especial Panamá-Pacífico
In forceLey No. 41 de 20 de julio de 2004 Que crea un régimen especial para el establecimiento y operación del Área Económica Especial Panamá-Pacífico, y una entidad autónoma del Estado, denominada Agencia del Área Económica Especial Panamá-Pacífico
Effective 2004-07-20 · Applies to private
Article 1 creates a special legal, fiscal, customs, labor, migratory and business regime for the Área Económica Especial Panamá-Pacífico, in the district of Arraiján, and an autonomous state agency to implement it, regulate activities there, and contract a developer or operator.
Article 58 declares the Area free of every direct and indirect tax, contribution, fee and charge for enterprises established there, the developer and the operator, except for the taxes article 60 states apply (income tax on net taxable income from activities within the Area, dividend and complementary tax, and remittance tax), and lists nine specific exonerations including import duties, the transfer tax on goods and services, stamp tax, and real-property transfer tax on commercial and industrial improvements.
Article 108, in the chapter on Concession of Public Services and Infrastructure, requires a concession for installing and operating drinking-water, sewage, waste-treatment, security, and public telecommunications, electricity-generation, distribution and sale services and other required infrastructure, on the same legal and regulatory terms that apply nationally, coordinated by the Agencia with the relevant public entities.
Article 109 opens a chapter applying Panama's environmental legislation within the Area, but its specific content is not described here.
Source: Full text of law