Over the years, Colombia has become more aware of the great usefulness of free trade zones for the development of the country. However, little is still known about these areas and their operation. For this reason, in the following we will talk particularly about the services provided by the free trade zones. Western Free Trade Zone located in Mosquera, Cundinamarca so you can learn a little more about how these spaces work.
What is Zona Franca de Occidente?
It is an area declared as a free zone since 2008, we are a green industrial park based on circular economy and specialized in manufacturing projects linked to the plastics, food, health and pharmaceutical industries, seeking to maximize the benefits offered in order to internationalize companies.
From Zona Franca de Occidente we offer different benefits for the companies that settle in it in addition to tax and customs benefits. Among the most important we can highlight:
- 100% industrial location only 10 km from the city of Bogotá.
- Benefits for participating in UNIDO's Eco-Industrial Parks program projects.
- ICA exemption for 8 to 10 years
- Regiotram de Occidente that will connect Bogotá with four municipalities of Sabana Occidente.
- Free advice on special foreign trade operations
- Discount in the monthly administration for recycling generated
- Rainwater at no cost for use in processes that do not require drinking water
Western Free Trade Zone Services
Now that we have seen what Zona Franca de Occidente is and how it works, we are going to tell you about the different services it offers to its clients so that you can learn more about this company.
Services for Foreign Investors
Today, Zona Franca de Occidente has a strategic geographical location that includes land available for the development of new projects. In this sense, the company has become an expert in project consulting, including the sale, lease and construction of warehouses, plants and real estate that meet the needs of each of its clients, including the benefits of the free trade regime.
Among the competitive advantages of Colombia as a country, we can mention:
- Operation 24 hours a day, 7 days a week.
- Competitive air freight to the United States.
- Leading air cargo movement service in the region.
- The third most qualified labor force in Latin America.
On the other hand, it is the only free trade zone in Cundinamarca that is part of the Eco-industrial parks program of UNIDO, and it has a rainwater reuse system with ample capacity available for use by companies at no cost. UNIDOIt also has a rainwater reuse system with ample capacity available for use by companies at no cost. Its focus is on recycling and the circular economy.
Sale of Lots, Rent or Sale of Warehouses
Secondly, ZFO has land with a 100% construction rate divided into a high occupancy rate of 75% for the covered area and the remaining 25% for loading docks, power transformers, parking lots, boilers and open storage. In this sense, Zona Franca offers you competitive land for the construction of new projects.
User Operator Service for Free Trade Zones
With more than 11 years of experience, Zona Franca de Occidente has more than 60 companies from different industrial and commercial sectors in its Free Trade Zone. Experience that allows it to offer the service of User Operator to the different Permanent and Special Permanent Free Trade Zones in Colombia.
The administration of Zona Franca Occidente highlights that in 2021 it was the only free trade zone in Colombia awarded as the best in the Americas for SMEs, by the FDI Intelligence, in addition, it offers know how for the development of environmentally sustainable programs and provides more competitive rates VS other Free Trade Zone Operators, adjusted to the needs of each new or existing Free Trade Zone. FDI IntelligenceIn addition, it offers the know-how for the development of environmentally sustainable programs and provides more competitive rates VS other User Operators, adjusted to the needs of each new or existing Free Trade Zone, in order to encourage new business and enhance clients' own customers.
As part of the user operator service for the different free zones, ZFO offers the "Intercomex" inventory system that is constantly updated; ensuring a dynamic management, simple to apply and easy to access from any computer or tablet.
Tailor-made construction
Finally, another of the services to be highlighted is the Built To Suit (BTS) or tailor-made construction. In this sense, Zona Franca de Occidente offers integral construction solutions for its clients' projects, starting with the design process based specifically on the spaces, followed by construction and finally achieving the delivery of 100% finished warehouses. In addition, it is important to note that VAT is charged only on the profit of the total value of the project.
Zona Franca de Occidente adapts each project to the productive processes, allowing investments to be more efficient and achieving a better use of resources. This fact makes it a great option for national and foreign entrepreneurs who wish to expand their companies in a certified and professional free trade zone.
In conclusion, Western Free Trade Zone offers multiple opportunities and benefits for those who wish to set up a company or business in this territory, as a way to promote industrial and commercial development and generate jobs.
