EFZA has announced the launch of EFZA Panama as part of its strategic global expansion efforts.
The newly established free trade zone in Panama City marks EFZA’s first tangible presence in Latin America, highlighting its commitment to fostering global entrepreneurship and creating interconnected business ecosystems.
Specifically, the Panamanian government has granted EFZA an official license to establish and operate a free trade zone in the country, marking a significant achievement that allows for the adaptation of its investor-friendly infrastructure model to Latin American markets.
Known as the “Hub of the Americas,” Panama boasts many similarities to Dubai, serving as a vibrant financial and commercial center. The country is home to over 60 local, regional, and international banks, with its strategic location connecting North and South America, paired with the Panama Canal and an extensive global air transport network, making it an ideal destination for supporting proximity production strategies and international expansion.
Martin G. Pedersen, Chairman of EFZA, stated that the expansion into Panama is a natural extension of the organization’s global growth strategy. He emphasized that Panama’s strategic geographic position, robust banking system, modern infrastructure, dollar-based economy, and business-friendly regulatory framework make it an ideal partner for their next phase. He reiterated a commitment to working collaboratively with the Panamanian government and local stakeholders to create shared economic value.
He also noted that this move reflects EFZA’s adherence to international compliance standards, as Panama was removed from the Financial Action Task Force’s gray list in 2023 and the European Union’s list of high-risk countries in 2024, enhancing its appeal to international investors.
The new free trade zone will serve as a multifunctional hub supporting a wide range of sectors, including professional services, technology, logistics, commerce, software, and various industries.
Jochen Knecht, CEO of EFZA Dubai, remarked that through EFZA Panama, the organization aims to not only establish a free zone but to build a bridge connecting Latin America and the UAE, enabling companies to expand with a shared vision.
EFZA has a proven track record of supporting over 60,000 companies within its global network, with its presence and partnerships spanning more than 50 countries.