662 Colombian companies exporting goods and services have accessed the Vallejo Plan to import machinery, equipment and supplies with exemption from VAT and tariffs.
At Araújo Ibarra we know it.
Find the answers to determine if any of the foreign trade mechanisms, such as Free Zone, Vallejo Plan or International Trading Companies are viable for your business and what the main benefits you can obtain are.
One of our experts will meet with your team to understand your business model, needs, goals and challenges.
Based on the information received, a feasibility analysis is carried out on the most appropriate mechanism, highlighting the tax benefits and the requirements to be taken into account to access them.
We provide strategic recommendations and support you in making decisions and implementing the operation of the chosen mechanism.
We analyze the relevant variables to determine the most beneficial foreign trade mechanism, according to the type of goods to be imported/exported, value, volume of operations, tariff classification, origin and destination, including recommendations to optimize processes and maximize tax benefits.
We prepare and submit the necessary documentation to obtain approval for the chosen mechanism, guaranteeing regulatory compliance and efficient response to additional requirements from the authorities, to ensure a smooth and expeditious approval.
We support the implementation of regulations and procedures, including training for the correct management of operations and the establishment of processes that ensure compliance and efficiency in the management of the foreign trade mechanism.
We provide comprehensive management of foreign trade mechanisms, from the registration and documentation of operations to communication with government entities and the supervision of benefits and customs and tax regulations.
We offer ongoing legal assistance to address and resolve any legal challenges related to the use of foreign trade mechanisms, protecting your company's interests and minimizing risks.
According to Law 1004 of 2005, a Free Trade Zone is defined as a delimited geographic area within the national territory, where industrial activities involving goods and services, or commercial activities, are carried out under special regulations in tax, customs, and foreign trade matters.
What incentives can a Free Trade Zone offer?
Tax Benefits
Foreign Trade Benefits
Customs Benefits
This is a zone where several companies (users) carry out their industrial, commercial, or service activities within a defined area. It is similar to an industrial park. (Also known as a park free trade zone or multi-enterprise zone).
This is a zone where a single company (industrial user), regardless of the geographic area in which it is located, can benefit from the advantages of a Free Trade Zone. These are high-impact economic and social projects for the country. It includes, among others, the following modalities:
Goods.
Services.
Health services.
Agro-industrial projects.
Port companies.
Conversion of existing businesses.
This is a zone authorized for holding fairs, exhibitions, conferences, and international seminars with significant importance for the country’s economy and international trade.
Operator User
A legal entity authorized to manage, administer, supervise, promote, and develop one or more free trade zones, as well as to qualify its users. In carrying out these activities, the Operator User will oversee goods under customs control and authorize their entry and exit operations, without prejudice to the powers of the Colombian Tax Customs Authority (DIAN).
Industrial Goods User
A legal entity established exclusively in one or more free trade zones, authorized to produce, transform, or assemble goods through the processing of raw materials or semi-processed products.
Industrial Services User
A legal entity authorized to carry out the following activities in one or more free trade zones:
Commercial User
A legal entity authorized to carry out marketing, commercialization, storage, or conservation of goods in one or more free trade zones.
Support Companies
Companies that provide services such as surveillance and maintenance, daycare, cafeterias, financial entities, restaurants, training, medical care, employee transportation, and other services required to support the operation of the free trade zone. These companies do not benefit from tax, customs, or foreign trade incentives. Industrial Goods Users and Industrial Services Users must be new legal entities and may simultaneously hold both statuses.
