FAQ

• How much does it cost to apply for admission into PIT?

  There is no charge for the application process.

• Must the organization be legally organized in Panama before applying for PIT admission?

  It is not necessary.

• What costs should an organization assume at the time of moving into PIT?

  It must assume the cost of space rental, remodeling and/or construction in that space, and the costs of services such as air conditioning, electricity, water, connectivity, etc.

• What kind of organization is PIT looking for?

  Organizations that meet the following overall criteria:

  Consistency with CDS’s Mission Synergies with users and local network International outlook Innovation and R&D Agreement with the subject areas of interest to CDS Financial viability and solvency Respect for environmental regulations

• Where can I find statistics about engineers and programmers in Panama?

  The Chamber of Panamanian Information and Communication Technology Companies (CAPATEC) has the most updated information on the human capital available locally.

• Can you help me find technical staff for my organization?

  Yes, we have a network of organizations and contacts to help you find staff for specialized technological areas.

• What percentage of the income must be set aside for research and development?

  We do not demand a fixed percentage, because this depends on each industry.

• Is there any customs control in campus?

  There is no physical place for checking the goods in or out of the campus.

• My organization deals with high technology products. Can I affiliate it to City of Knowledge?

  Yes, as long as it meets the overall admission criteria.

• How long is the evaluation process for admission?

  The evaluation process for admission lasts 2 to 3 months.

• How long will the affiliation be valid?

  For 5 years, and it is renewable.

• Can I bring company cars duty free?

  Yes, as long as they are to be used expressly by the organization.

• Is there enough space in case I want to expand my organization in the future?

  Is there enough space in case I want to expand my organization in the future?

• Would I be entitled to a discount in the use of the sports fields?

  We have the most complete sports complex in the country. Every user is entitled to use the facilities.

• Does the Panamanian labor code apply?

  Yes.

• What percentage of foreigners can I hire?

  There are no restrictions as to the percentage of foreigners that can be hired by the organization.

• Do you accept manufacture organizations?

  Yes, as long as they meet the overall criteria.

• Can I bring my spouse?

  Yes, your spouse will be given a residence visa, just like you.

• Can my spouse work in Panama?

  Work permits related to City of Knowledge Foundation are only for people working for the admitted organization. Therefore, if the spouse works in that organization, he/she will be granted the City of Knowledge work permit.

• How does the visa application process work?

  Complete information can be obtained from the National Immigration and Naturalization Bureau.

• How much does electric power cost in Panama?

  Updated rates are available on the Panama Utility Authority web page: http://www.ersp.gob.pa/electric/tarifas.asp

• Do PIT buildings have broadband Internet access?

  Yes. There are four providers to choose from:

  Cable & Wireless: www.cwpanama.net
  Telecarrier: www.telecarrier.com
  Ufinet: www.ufinet.com
  Siwireless: www.siwireless.net