Sin ttulo de diapositiva

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(No Transcript)
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• Special
• Economic
• Export
• Zones

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Content

• Preview
• Definition
• Objectives
• Benefits
• Users
• Access conditions
• Admission process
• Formats
• Zone features

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Preview
Strategic Export Plan
3. Make export activity, competitive.
5. Develop a true export culture.
4. Regionalize exportable offer.
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Preview
Legal Framework
Law 677 of 2001, established Special Economic
Export Zones. Decree 1227 of 2002 partially
regulates Law 677 of 2001 on exceptional
treatment of regional regime. Decree 045 of 2003
extended benefits of SEEZ to Tumaco in Nariño
Department.
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Definition

• The Special Economic Export Zones are areas
  of the national territory that correspond to five
  (5) municipalities of Colombia, where a special
  legal regime will be applied to economic and
  social matters, to promote their development
  through the exportation of goods and services.

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Objectives

• Attract and generate new investments in order to
  strengthen the National export process.
• Create favorable conditions to encourage the
  participation of private investors.
• Stimulate and facilitate the export of goods and
  services produced in Colombia.

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Benefits
Labor matters Fiscal matters Custom matters
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Benefits
Labor matters
SEEZ LABOR LAW
COLOMBIAN LABOR LAW

• Users with two or more working shifts
• In shifts no longer than 36 hours a week, there
  is no overtime surcharge.
• If the employment generation goals are
  accomplished
• Employer Contributions are 50 during the 5
  years after its establishment.
• Working contracts
• Integral package salaries for those over 3
  minimum legal monthly wages.

• Ordinary shift
• 8 hours a day.
• Night surcharge applies after 10 pm.
• Employer Contributions 100
• Working contracts
• Integral package salaries for those over 10
  minimum legal monthly wages.

Servicio Nacional de Aprendizaje, Instituto
Colombiano de Bienestar Familiar y Cajas de
Compensación Familiar
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Benefits
Labor matters
SEEZ LABOR LAW
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Benefits
Labor matters
SEEZ LABOR LAW
(cont.)

• Labor contract should always be written.

• Indemnity for unilateral termination will be
  established according to the Law.

• Employer contributions to social security will be
  based on effectively worked hours.

• Consecutive work shifts on Saturday, Sunday, and
  holiday Monday, could be extended up to 27 hours
  per week.

• This should be a direct contract between employee
  and employer.

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Benefits
Fiscal matters
SEEZ FISCAL REGIM
COLOMBIAN FISCAL REGIM

• Income tax

• Income tax
• In industrial projects, the proportional part of
  revenues from sales made to foreign markets
  constitutes exempt income.
• Infrastructure projects will be exempt from
  income taxes, with respect to the revenues they
  shall obtain in development of the activities
  they were authorized to exercise within the
  respective Zone.

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Benefits
Fiscal matters
SEEZ FISCAL REGIM
COLOMBIAN FISCAL REGIM
Withholding, income and remittance taxes
Withholding, income and remittance taxes
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Benefits
Custom matters
Industrial Projects The special regulation
established for industrial users of goods and
services of a Free Trade Zone shall be applied to
the industrial projects

• Total exemption of custom duties for goods
  acquired abroad.

• Sales to the National markets are considered as
  an import.

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Users
Industrial Projects
Industrial projects are those whose activities
are devoted to manufacture, produce, transform or
assemble goods as well as the rendering of
services, with a specific focus towards the
strengthening of exports.
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Users
Infrastructure Projects
Projects that help to improve the performance of
the Zone, through the construction of land
development works, basic, technological and civil
services infrastructure, as well as those devoted
to the training of specialized human resources
and potential.
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Access conditions
Industrial Projects
Export commitment

• At least 80 of annual company sales destined to
  external markets.

• Agriculture and livestock raw material
• Export 100 of the obtained goods to external
  markets.

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Access conditions
Industrial Projects
Commitment to achieve goals in terms of

• Employment generation.

• Incorporation of advanced technology.

• Networking with the national industry.

• Permanence in the zone and clean production
  according to the characteristics of the project.

• Preservation of economical, social and cultural
  conditions.

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Access conditions

• .
• .

Industrial Projects

• New investment.

• Within the geographical boundaries of a SEEZ.

• Investment over 1 million US dollars before June
  2004
• Investment over 1.5 million US dollars until
  June 2005
• Investment over 2 million US dollars from 2005
  and on.

Relocation of companies or production lines is
not valid.
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Access conditions
Infrastructure Projects

• Should be done within the geographical boundaries
  of any of the SEEZ.

• Comply with the established employment generation
  goals according to the characteristics of the
  project.

• Facilitate the settlement of new exporting
  companies.

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Admission Process
Project Submission to the Deputy Directorate of
Export Promoting Instruments
Signature of Admission contract and fulfillment
policy
Contracting an external audit firm
Project Approval
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Project submission

• Complete the admission application form. It is
  available at the Deputy Directorate of Export
  Promoting Instruments, premises of the Ministry
  or at their web site.
• Submit the application form to the Deputy
  Directorate of Export Promoting Instruments, at
  the Ministry of Commerce, Industry and Tourism
• In case the application form does not include all
  the documents, the petitioner will be asked to
  correct the situation only one time. If documents
  are submitted extemporarily, this will be taken
  as a new petition.

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Application form evaluation

• The Selection Committee will be in charge of the
  evaluation and qualification of the admitted
  projects.
• The Technical Secretary of the Selection
  Committee will make a technical study of the
  projects evaluation, supported if necessary, by
  concepts of entities that guarantee an adequate
  and objective technical evaluation.

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Project approval

• The Technical Secretary will submit the study to
  the members of the Selection Committee which will
  decide about the eligibility of the project.
• The Committee can invite the petitioner to
  elaborate on details of the project or develop
  specific concepts.

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Signature of the admission contract

• The Industrial Projects that are declared
  eligible by the Selection Committee, will be
  granted with the established benefits for the
  SEEZ, once the compliance pledge of the admission
  contract is approved and the audit contract is
  submitted by the Ministry.
• Contracts will be signed by the Legal
  Representative of the company, the Minister of
  Trade, Industry and Tourism, the Director of the
  National Tax and Customs Division and the Major
  on behalf of the corresponding municipality.

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Signature of the admission contract

• All the commitments, terms and indicators to
  evaluate the progressive completion of the set
  goals will be stated in the contract.
• The term of each contract will be agreed by the
  parties involved. In the Industrial Projects the
  term cannot be less than 5 years or more than 20.
  In the Infrastructure Projects the term is the
  same as of the project.

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Signature of the admission contract

• The term extension will be subject to a previous
  evaluation of the accomplishment of the agreed
  goals. The Selection Committee will analize the
  convenience and eventual extension of the
  contract according to its result evaluation.
• Once the submitted contract has been declared
  eligible, the interested part should issue a
  compliance pledge in favor of The Nation-
  Ministry of Foreign Trade in order to ensure the
  accomplishment of the commitments stated in the
  admission contract.

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Fulfillment Policy
For a 10 of the total accrued annual
investment, to ensure the fulfillment of all
acquired commitments in the contract. The term of
the policy shall be the same as the term of the
contract plus one year.
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Contracting an external audit firm
Selected investors shall contract an external
audit firm of recognized prestige, that will
review on an annual basis, the commitments
acquired in the admission contract. Nevertheless,
Government may ask for semi-annual reports.
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Formats

• Application form

• Presentation letter

• General information of the company

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Follow up

• Penalties due to default in commitments and
  goal achievement.
• Anticipated termination of the contract

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Zone features
SEEZ Ipiales SEEZ Cúcuta SEEZ Buenaventura SEEZ
Valledupar SEEZ Tumaco
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Ipiales Zone

• Exporting profile of Nariño Department
• Located in the Southwest end of the country
• Ipiales Colombian city closest to the border
  with Ecuador.
• Borders South with the Republic of Ecuador and
  West with the Pacific Ocean.
• Economic Activity
• Traditional economy potato, corn, wheat,
  coffee, beans, cocoa, banana, sugar cane, African
  palm
• Maritime and continental Fishing
• Leather and wood manufacturing
• Extraction of African palm oil. Flour industry.
• Oil and gas resources, Phosphoric rock, Copper,
  Molybdenum, Lead, Zinc, Manganese, clay, sands,
  stone, gravel.
• Commerce with the neighboring country.

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Cúcuta Zone

• Exporting Profile of Norte de Santander
• Located North East of Colombias Andean Region
• Department extension 22.367 square kilometers
• Limits North and East with the Republic of
  Venezuela
• Mountain territory
• Economic Activity
• Main activity is agriculture. Grows rice, corn,
  cocoa, sugar cane, beans, potato, African palm,
  tobacco, fruits and vegetables.
• Cattle growing has a slight development.
• Abundant coal, gold mining, marble and limestone.
• 837 industrial establishments, beer production,
  soaps, knitting and pottery.

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Buenaventura Zone

• Exporting profile of Valle del Cauca Department
• Located South West of Colombia between Pacific
  Ocean and the Western Cordillera.
• High pluviometry with levels reaching the 6000 mm
  average per year.
• Dominant jungle vegetation
• Economic Activity
• Agriculture, Industry and Commerce are
  outstanding
• Agricultural production strong economic and
  technological support
• Grows sugar cane and produces 84 of the
  departments agriculture
• Main crops banana, soy and coffee.

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Valledupar Zone

• Exporting Profile of Cesar
• Located North of Colombia on the Caribe plains
• Valledupar is located near the Sierra Nevada de
  Santa Marta by the Guatapurí river.
• Economic Activity
• Important in the agriculture, and mining field
• Benefited by its geographical location, good soil
  and potential soil fitting with water irrigation
  systems.
• Products African palm, corn, rice, coffee,
  sugar cane, yucca, cotton, cocoa, sesame and
  banana.
• Coal and oil exploitation.
• Commercial cornerstone for product exchange and
  supplies.

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Ministerio de Comercio Industria y Turismo
www.mincomercio.gov.co
Instrumentos de Promoción
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www.mincomercio.gov.co