Basic Guide to Importing to Panama Without Hassle

Importing products to Panama can be a smooth process if you follow all the established requirements and regulations. In this guide, we explain the essential steps for a successful importation.

Import to Panama

1️⃣ Determine the Tariff Classification

Each product has a tariff code that defines the applicable taxes and regulations. Identifying the correct tariff code is crucial to avoid customs issues.

2️⃣ Know the Regulations and Requirements

Depending on the type of product, there are specific regulations to comply with. For example:

• Food and beverages: Require certifications from (APA) Autoridad Panameña de Alimentos or Panamanian Food Agency.
• Medicines and cosmetics: Must be approved Ministry of Health.
• Solar and energy efficient equipment: Need certification from the National Energy Secretariat.

3️⃣ Obtain the Necessary Permits and Licenses

Some products require prior permits before importation. It is crucial to check if any authorization is needed before starting the process.

4️⃣ Manage Costs and Taxes

It’s important to calculate import taxes, which may include:

• Customs duties
• Sales tax (ITBMS)
• Other taxes depending on the type of merchandise

5️⃣ Hire a Customs Broker

A customs broker facilitates the import process by ensuring all documentation is in order and expediting customs procedures.

Import to Panama

6️⃣ Submit the Customs Declaration

All imported goods must be properly declared to Panama’s National Customs Authority.

7️⃣ Arrange for Goods Pickup and Transportation

Once all requirements are met and taxes are paid, the goods can be retrieved from the port, airport, customs warehouse and transported to their final destination.

💡Final Tip: Stay updated with changes in customs regulations and work with importation experts to avoid delays and additional costs.

Import to Panama