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Free Trade Zone Regime

Colombia has a competitive Free Trade Zone regime which grants the following benefits for projects to produce goods or the provision of services:

  • Single rate of 20% income tax. (the current rate in the National Customs Territory is 32%)
  • No customs duties (VAT and duty) are caused or paid on goods brought into the Free Zone.
  • Possibility of exporting from the Free Zone to third countries, taking advantage of the commercial agreements signed by Colombia
  • Goods of foreign origin introduced into the Free Zone may remain there indefinitely.
  • Exemption from VAT for raw materials, parts, and finished goods sold from the National Customs Territory to industrial users of goods or services in the Free Trade Zone or between these.

There are two types of Free Trade Zones, both of which enjoy the same benefits:

Multicompany Free Trade Zones (called “Permanent free trade zones” in the regulation) are areas within the national territory, managed by an operator user, in which new companies that establish their projects are benefited with a special tax and customs treatment.

For producing goods, rendering services or undertaking commercial activities within a Multi-Company FTZ, companies must meet the following investment and job creation requirements during the first 3 years of the operation, taking into account the total assets of the company:

 

  • Special Social Economic Zones

    The National Government in its development plan, created a special tax regime "Special Social Economic Zones" (ZESES by its Spanish acronym) with the purpose of attracting national and foreign investment, generating employment and consequently improving the quality of life of these regions.

    Special Social Economic Zones
  • Special Economic Zones for Exports (ZEEE)

    ZEEE are geographical areas in the cities of Cúcuta, Buenaventura, Valledupar, Ipiales and Tumaco, which have special legal conditions in order to encourage investment and strengthen national export processes through incentives that facilitate the export of goods and services produced in national territory.

    Special Economic Zones for Exports
  • Other Incentives

    The Colombian government offers investment incentives such as income tax exemptions and deductions in specific priority sectors.

    Other Incentives

PROCOLOMBIA has a team of lawyers that support our offices in Colombia and abroad. Contact us.

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