Benfits Free Trade Zone Regime
Benefits That Drive Business Growth
Tax Benefits
for Borderless Growth
Free Trade Zones in Colombia provide a favorable environment for investment and trade through tax benefits such as exemptions from taxes and VAT, as well as improvements in customs procedures that optimize logistics and business operations. These elements make Free Trade Zones a key driver of the country’s economic development and competitiveness.
Some benefits of Zona Franca La Candelaria are:
Tax incentives
Reduced Corporate Income Tax Rate: Companies operating within Zona Franca La Candelaria may benefit from a significantly reduced corporate income tax rate. Industrial Users are subject to a 20% tax rate on their taxable income, providing a substantial advantage that enhances long-term profitability.
VAT Exemption: Companies are exempt from Value Added Tax (VAT) on the importation of raw materials, production inputs, and services required for their operations, helping reduce operating costs.
Customs Benefits
Free Trade Zones such as Zona Franca La Candelaria offer streamlined customs procedures, enabling faster and more efficient cargo handling while significantly reducing customs processing times.
Products manufactured within Zona Franca La Candelaria can be exported directly through simplified customs procedures, while also benefiting from Colombia's international trade agreements and applicable tax incentives.
Goods may be stored within Zona Franca La Candelaria for as long as required without storage time restrictions, helping companies optimize inventory management and reduce inventory holding costs.
Products can be re-exported from Zona Franca La Candelaria without paying customs duties, providing companies with greater flexibility to test, distribute, and market their products in international markets.
The customs and tariff advantages offered by Zona Franca La Candelaria enable companies to develop new products without the tax and customs constraints typically associated with the standard customs regime.
Goods stored within Zona Franca La Candelaria may be transferred to other Free Trade Zones across Colombia through simplified customs procedures, facilitating efficient logistics and seamless supply chain operations.
