Colombia’s flexible Legal Frame in Duty Free Zones operations
Colombia is categorized by the ANDI (National Association of Colombian Businessmen) as the country with most free trade zones in south America, 28 permanent free zones and 62 special permanent free zones, with a total of 100 free trade zones (FTZ) functioning throughout the country. During 2016, it was estimated that 817 companies operate in FTZ.
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.
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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).
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.