The idea of the Colon Free Zone began almost 3 years after the opening of the Panama Canal in 1917. But the idea of the Colon Free Zone in Panama was not carried out until the ending of the Second World War .

After much debate and analysis the project of the Colon Free Zone in Panama came about. By 1946, a study was taken that confirmed  the Colon Free Zone project was a worthy undertaking.  The government based on the findings of the study approved Law nº 18 of June 17^th 1948, and the Colon Free Zone in Panama was begun.

The Colon Free Zone in Panama, segregated area of 400 hectares, is located at the entrance of the Panama Canal , in the Caribbean sector, province of Colon.

The International Ports Center (as the free zone is commonly refered to as), is a key global hotspot for business due to its prime location geographically and its access to four vital ports on the Caribbean and one on the Pacific side.

Each year here companies initiate operations, due to the monetary advantages and tax benefits that the businessmen of the Colon Free Zone in Panama receive during decades. As for which the purchasers are benefited with more product variety and services than all parts of the world at the Colon Free Zone in Panama.

This fascinating business port is also the second largest free trade zone of the world and first in the western hemisphere offers the investors a system of duty free tax on importation, re-exportation and manufacturing.

Equally, the US dollar is the legal currency, low rental costs on locations and land in the Colon Free Zone in Panama , protection of guardianship of the intellectual property rights in the Colon Free Zone in Panama , future automated commercial operations in the Colon Free Zone in Panama and investment recognition systems of the Colon Free Zone in Panama .

This system known as “Lease Back”, consists of the recognition of the user for investors that perform public works.  Any user of the Colon Free Zone in Panama recuperates the value of their investment on infrastructure through the compensation for rent that the administration of the Colon Free Zone pays, up to 70% of the monthly amount, through this mechanism offered in the "Zone".

There are more than 2,500 established companies within the Colon Free Zone in Panama , of these 1,750 are user companies that operate in public locations or buildings they own, and 750 companies represented by others established in the Colon Free Zone in Panama.