PANAMA PACKING & STORAGE CO.
Customs Information

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USEFUL INFORMATION
Entry requirements: Passport, visa or work permit. Statistics: Primary language: Spanish. English is widely spoken.
Unit of currency: The Balboa or the U.S Dollar (approximately B/. 1.00 - US$ 1.00 - 100 centesimos = I Balboa.
The Time differential: -5 GMT. Electric current: 110v. 60 e. A.C. Climate: Average temperature: Winter months 70 degrees, summer months 87 degrees.

LIST OF PROHIBITED ARTICLES
Straw or hay packing in lift-vans, narcotics, ammunition, or firearms.


CUSTOMS REGULATIONS
PANAMANIANS: Panamanian Citizen returning to the country, after having lived abroad for a lapse of time of no less than two years, can import free of tax all their used household goods and personal effects.

FOREIGNERS:
Every foreigner coming to live in Panama has the same prerogative as Panamanian citizens. Nevertheless, the law states that the head of the family has to have a residential visa before the arrival of his household effects. No foreigner with a migratory or tourist visa can enjoy these benefits.

New articles are subject to import tax, and it is the Customs Authorities who determine the amount and kind of articles that in each case can be imported free of duty.

DIPLOMATS:
All diplomats and Public Officials entering the country with a diplomatic or official passport or those who come with a contract from the Panamanian Government have franchise privilege, and will not be subject to the usual inspection or examination of the household goods. However, shipment can be subject to inspection by the Quarantine Department.

SPECIAL PROVISIONAL VISA: (Visa de visitante Temporal Especial)
Businessmen whose source of income does not originate in the Republic of Panama, and who earns US$ 1,000.00 or above per month, can apply for this visa, and he, as well as his family, can receive the following benefits:

1. Exemption from tax on one shipment of household goods and personal effects up to the sum of US$3,000,00.
2. Exemption from tax on one automobile every two years for family use.
3. Exoneration in the payment of taxes or migratory rights on obtainment of the visa.

The personal effects of business men coming to reside in Panama should get here no later than six month after the date of the arrival of the shipper, and cannot exceed two shipments.

Panamanian laws state that all shipments must be inspected at the port of entry, but due to cargo congestion and to avoid mishandling, this inspection is done at the shipper's residence at the time of delivery. This is a special service and is not included in our destination rate, and same is payable by shipper directly to the government (it is compulsory).

These incidental expenses are approximately:

For customs broker's fee: US$50.00. For customs inspections fee: US$ 65.00. Fee payable to the government for the inspection at residence, which depend on the number of boxes as follows:

a.) From one to ten boxes US$30.00
b.) From eleven to twenty five boxes US$50.00
c.) From one to various containers or wooden lift vans US$75.00