The National Commission of Free Zones approved this Friday to grant companies Verdan Switzerland Corp. and VG Logistics, Inc., their licenses to operate within the free zones of Chilibre and panapark, respectively; which will inject into the country investments that reach $2,355,585.00, coming from Switzerland and Argentina, informed the General Director of Free Zones of the Ministry of Commerce and Industries (MICI), Amber Ruiz Chaperon.
With the incorporation of these two companies into the regime, there are already 127 companies established in the 21 free zones that remain approved at the national level.
"It is positive that new companies see in Panama, but especially in our Free Zone Regime Law 32, an opportunity for growth and generate not only investments but stable and better-paid jobs in highly vulnerable areas, such as Chilibre and Felipillo, while we are spreading awareness about inclusion, since both companies have shown themselves willing to hire to people with disabilities, if we as a Government give them the support for the proper insertion”, he said.
Verdan Switzerland Corp., will be dedicated to the processing of finished or semi-finished products, as well as the creation of artistic works, sculptures, ornaments and other carvings; and the sale of powdered minerals for cosmetic use, based on elements such as alum, which will be exported to Arab countries, Switzerland and the United States.
For his part, VG Logistics, Inc., is part of an international business group that distributes oleo-hydraulic equipment, spare parts and accessories, components for precision agriculture and agricultural implements, with the mining, agricultural and maritime sector as its main market.
The entry of both companies implies transfer of knowledge and incorporation of new technologies and goods from free zones.
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