Free trade zones in Colombia are a great investment alternative. At the same time, they are a source of employment and an indispensable tool for the economic growth of a country; therefore, establishing your company in these areas will undoubtedly bring you great profits. Precisely, today we want to share with you what you need to know before choosing Land for IndustriesKnowing all the benefits that you will be able to access, will allow you to take better advantage of this new investment. Join us!
There are several advantages of building your warehouse or company in a lot within a free trade zone, here are the most important ones:
Tax and Customs Benefits
This type of benefits are granted to investors in free trade zones in order to promote investment projects in Colombia, as well as to provide more facilities for the establishment of national investment projects. For their part, tariff incentives are intended to support imports, so that aspects such as costs, for example, will be reduced.
Tax and customs benefits also act as incentives for investment in sectors such as: orange economy, science and technology, innovation, among others.
Considering the Colombian regulations, when a company decides to set up on land for industries industrial land, in Zona Franca de OccidenteIn Zona Franca de Occidente, it has access to benefits such as:
Taxes:
- Tariff exemption
- VAT exemption
- 19% VAT savings on domestic purchases
- 15% income tax savings
Customs:
- Option to nationalize MP or the final product.
- Storage for unlimited time.
- Purchase between free trade zone companies without VAT.
- Transfer of national merchandise between free trade zones without DIAN authorization.
- Partial processing.
- Free movement of goods from Zona Franca de Occidente to ports.
- International logistics distribution.
- Exports authorized by the UO to El Dorado International Airport.
- Goods produced in Zona Franca de Occidente acquire FTA (Free Trade Agreement) origin.
- Products manufactured in Zona Franca de Occidente are exempt from approval (applicable only to pharma-health).
- Assignment of rights.
- Destructions by the UO.
- Partial nationalization.
Environmental friendliness
Another of the benefits of land for industry is its interest in environmental care. There are usually projects that substantially improve the use of renewable resources within these delimited areas of the country.
At Zona Franca de Occidentewe have the firm conviction to implement more and more projects that contribute to the care of the environment and of course, to the total fulfillment of the regulations focused on this aspect.
For this reason, in our free trade zone we are part of the GEIPP global Eco-industrial Parks program of the UNIDO Eco-industrial Parks since 2019. UNIDO Colombia, which aims to improve: the production of industries, the use of resources and finally, the environmental performance of the companies installed in Zona Franca de Occidente.
One of the largest initiatives of the free trade zone, which has arisen due to its role in the eco-industrial park program, is the reuse of rainwater from the buffer lagoon. The objective of this initiative is to reuse this water by making the water potable and injecting it back into the network, so that free zone users can use the liquid for their internal processes.
Currently, this initiative is under feasibility study and is intended to be implemented as soon as possible, not only for the benefit of the environment, but also for the companies located in Zona Franca de Occidente.
Secondly, the environmental committee, made up of engineers and 8 users of the free trade zone from the pharmaceutical, metallurgical, construction, service, food and logistics sectors, is being managed.
The objective of this committee is to contribute to environmental management through training, holding special environmental days, measuring the carbon footprint (currently under study) and other initiatives that may arise along the way to improve the internal processes of each user in the free trade zone.
Strategic Location
A industrial zone land must have an excellent location to make easier all the processes of moving goods, shipments and others. This will reduce time and costs in each operation, so that companies will benefit substantially in their daily management.
At Zona Franca de Occidente we have a strategic location that facilitates the transportation operations of our users. We are 495 km from the port of Cartagena, 1030 km from the port of Buenaventura and only 25 km from El Dorado International Airport.
Our users will have everything they need at hand, therefore, being located in Zona Franca de Occidente will ensure your company the best location to carry out all your transportation and shipping processes.
But not only that, in our free trade zone we offer all our users the following benefits:
- Maintenance of gardens and premises free of charge.
- External parking lot with more than 8,500 M2 for cargo vehicles 24 hours a day, 7 days a week.
- Incoming and outgoing scales with remote control and monitoring.
- Security: CCTV + 24/7 armed security all year round.
- Double electrified perimeter fence and LED lighting Perimeter fence, motion sensors and LED lighting with solar panels.
- DIAN office and dedicated staff member for you
Land for industries is a safe investment in which your company will be able to obtain great profits. In Zona Franca de Occidente we offer you all the benefits of a land in industrial zone for your company to grow substantially and benefit from all the advantages that only the free trade regime can give you.
We are Zona Franca de Occidenteyour ideal partner for large-scale investment projects. We are the user operator you need, contact us and let's start a new story together!
