{"id":8646,"date":"2023-06-19T08:57:36","date_gmt":"2023-06-19T13:57:36","guid":{"rendered":"https:\/\/focusalcogal.com\/?p=8646"},"modified":"2024-04-25T10:05:16","modified_gmt":"2024-04-25T15:05:16","slug":"industrial-development-certificate","status":"publish","type":"post","link":"https:\/\/focusalcogal.com\/en\/industrial-development-certificate\/","title":{"rendered":"Industrial Development Certificate"},"content":{"rendered":"[vc_row type=”in_container” full_screen_row_position=”middle” column_margin=”default” column_direction=”default” column_direction_tablet=”default” column_direction_phone=”default” scene_position=”center” text_color=”dark” text_align=”left” row_border_radius=”none” row_border_radius_applies=”bg” overlay_strength=”0.3″ gradient_direction=”left_to_right” shape_divider_position=”bottom” bg_image_animation=”none”][vc_column column_padding=”no-extra-padding” column_padding_tablet=”inherit” column_padding_phone=”inherit” column_padding_position=”all” background_color_opacity=”1″ background_hover_color_opacity=”1″ column_shadow=”none” column_border_radius=”none” column_link_target=”_self” gradient_direction=”left_to_right” overlay_strength=”0.3″ width=”1\/1″ tablet_width_inherit=”default” tablet_text_alignment=”default” phone_text_alignment=”default” column_border_width=”none” column_border_style=”solid” bg_image_animation=”none”][vc_column_text]\n
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To promote innovation and the development of the industrial and agro-industrial sectors at the national level, the Government of Panama established the Industrial Development Certification<\/a> program, better known as \u201cCIF.\u201d Its main goals are renewal and industrial innovation to diversify the productive apparatus, industrial triggering, and linking to international markets. Consequently, contributing to generating more jobs and boosting the national economy’s development.<\/p>\n

Legal Framework<\/strong><\/p>\n

Law 76 of 2009<\/a>, which mandates the establishment of the CIF, determines that once the certificate is authorized, approved, and issued, it will provide the company making an industrial investment with a non-transferable tax credit, which does not earn interest and is exempt from any tax.<\/p>\n

General Requirements of CIF<\/strong><\/p>\n

Among the main requirements to apply for the CIF is that he has made investments, among which are agricultural businesses and manufacturing companies that carry out the following activities:<\/p>\n