ZIDRES - Incentives for Investments in Agricultural Projects in Colombia
The Zones of Rural, Economic and Social Development Interest (ZIDRES for its Spanish acronym) are legal systems created by the government with the initiative to connect local farmers, medium producers and entrepreneurs to exploit lands that were not previously accessible and where the costs of production are high.
Zomac Legal System - Agricultural projects for Investments In Colombia
In a previous article, we mentioned that with Decree 1650 of October 9, 2017, the Ministry of Finance and Public Credit of Colombia established the rules for business reorganizations by companies that decide for the tax benefits that apply in the Zones Most Affected by the Armed Conflict (ZOMAC).
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ZOMAC: An Investment opportunity in areas affected by the armed conflict in Colombia
For more than five decades, Colombia had been immersed in an armed conflict that has left millions of victims. Within the national geography there are some territories that, socially and economically have been more affected than others, and require a greater intervention of the state to reestablish their progress.
Legal Framework for Investments between The UK and Colombia
Colombian economy is the third most stable in south and Central America. The World Bank has described Colombia as a top country in Latin America and sixth in the world for investor protection and it has the second most flexible labor market in Latin America (Banco de la Republica).