Free Trade Zone Regime Benefits
Benefits of the Free Trade Zone Regime
Advantages that drive
business growth
Colombia’s Free Trade Zone regime offers companies a favorable environment for investment, foreign trade, logistics efficiency, and long-term business expansion. Through tax incentives, VAT exemptions, customs advantages, and streamlined procedures, companies operating within Zona Franca La Candelaria can reduce costs, optimize operations, and strengthen their competitiveness in national and international markets.
Key benefits of Zona Franca La Candelaria include:
Tax Incentives
Reduced Corporate Income Tax Rate: Industrial Users operating within Zona Franca La Candelaria are subject to a 20% income tax rate on taxable income, creating a competitive advantage for long-term profitability.
VAT Exemption: Companies may be exempt from VAT on the importation of raw materials, production inputs, and services required for their operations, helping reduce operating costs.
Streamlined Customs Procedures
Simplified customs processes allow for faster cargo handling, more efficient operations, and reduced processing times.
Direct Export Capabilities
Products manufactured within the Free Trade Zone can be exported directly through simplified procedures and may benefit from Colombia’s international trade agreements.
Flexible Storage Conditions
Goods may be stored within Zona Franca La Candelaria for as long as required, with no storage time restrictions.
Re-export Benefits
Products may be re-exported without paying customs duties, giving companies greater flexibility to test, distribute, and commercialize products in international markets.
Transfers Between Free Trade Zones
Goods may be transferred to other Free Trade Zones in Colombia through simplified customs procedures, supporting efficient logistics and seamless supply chain operations.
Goods located within La Candelaria Free Trade Zone can be transferred to other free trade zones across Colombia through simplified customs procedures.
