1. Exemption from all taxes, contributions, rates or duties of importation on machines, equipment, furniture, vehicles, devices and supplies needed for the development of companies accepted in the Techno-park of the City of Knowledge.
2. Exemption from the Tax on Transferences of Movable Corporal Goods and Services (ITBMS – acronym in Spanish) on machines, equipment, vehicles, devices and supplies that are acquired and that are necessary for the development of companies accepted in the Techno-park of the City of Knowledge.
3. Exemption from any tax, rate, duties or lien that taxes the sending of money abroad when such sending or transference of funds is made to fulfill the aims of companies accepted in the Techno-park of the City of Knowledge.
4. Innovative companies that produce, assemble and/or process high technology goods, or that render services with similar features, to be sold in the local or international market in the International Techno-park of Panama (TIP – acronym in Spanish), will enjoy the following benefits:
a. Their activities, operations, transactions, procedures and transferences of movable and immovable assets, the purchase and importation of equipment and construction materials, raw materials, machinery, tools, accessories and supplies will be completely free of direct taxes, duties and national liens. This includes income tax exemptions for such companies.
b. Their capital will be free of national direct taxes, including taxes on patents or licenses.
The State will grant special visas to foreign personnel who enters the country to contribute to the development of the project of the City of Knowledge.