A Guide to Importing Roll Forming machines into Panama

Here's a comprehensive guide:

1. Understand Import Regulations

• Commercial License: Ensure that your business holds a valid commercial or industrial license, as required for entities engaging in commercial activities in Panama.
• Prohibited Items: Verify that the roll forming machines are not listed among Panama's prohibited imports, which include certain firearms, counterfeit items, and specific hazardous materials.

2. Prepare Necessary Documentation

• Commercial Invoice: Provide an original invoice detailing the transaction.
• Bill of Lading or Airway Bill: Depending on the mode of transport, include the appropriate shipping document.
• Certificate of Origin: This document certifies the country where the goods were manufactured.
• Packing List: An itemized list of the contents of the shipment.
• Import License: Obtain any required import permits or licenses specific to machinery.

3. Determine Tariffs and Taxes

• Customs Duties: Panama assesses import duties on an ad valorem basis, using the declared CIF (Cost, Insurance, and Freight) value as the basis for calculations.

  
  

• Value-Added Tax (ITBM): A 7% ITBM is levied on the CIF value plus import duty and other handling charges.

4. Compliance with Standards

• Technical Specifications: Ensure that the roll forming machines meet Panama's technical and safety standards.
• Certifications: Obtain necessary certifications that may be required for machinery imports.

5. Shipping and Logistics

• Freight Forwarder: Engage a reputable freight forwarder experienced in handling machinery imports to manage logistics and customs clearance.
• Packaging: Ensure the machines are securely packaged to prevent damage during transit.

6. Customs Clearance

• Submission of Documents: Present all required documentation to Panama's customs authorities.
• Inspection: Be prepared for customs inspections to verify compliance and assess duties.

7. Post-Import Procedures

• Installation: Arrange for professional installation of the machines to ensure proper setup and operation.
• Training: Provide training for personnel who will operate the machinery.
• Maintenance: Establish a maintenance schedule to ensure the longevity and efficiency of the machines.

By following these steps and ensuring compliance with Panama's import regulations, you can facilitate a successful importation of roll forming machines into the country.