Trading How
No Result
View All Result
Saturday, May 28, 2022
  • Home
  • Economy
  • Markets
  • Investing
  • Crypto
  • Forex News
  • Stock Trading
  • More
    • Business
    • Real Estate
    • Politics
    • Tech
  • Tradinghow Traductors – Learn How To Trade – 10 Free Guidelines
Subscribe
  • Home
  • Economy
  • Markets
  • Investing
  • Crypto
  • Forex News
  • Stock Trading
  • More
    • Business
    • Real Estate
    • Politics
    • Tech
  • Tradinghow Traductors – Learn How To Trade – 10 Free Guidelines
No Result
View All Result
Trading How
No Result
View All Result
Home Investing

Advantages of the new free trade zone regime for doing business in Bogota

by Trading How
August 20, 2021
in Investing
126 7
0
Advantages of the new free trade zone regime for doing business in Bogota
152
SHARES
1.9k
VIEWS
Share on FacebookShare on Twitter


August 20, 2021 (Investorideas.com Newswire) In 2021 a brand new free commerce zone regime was decreed in Colombia with necessary modifications that profit corporations and international funding. Find out about a few of the benefits this regime brings for corporations who plan to do enterprise in Bogota.



Bogota, August, 2021. Bogota continues to consolidate its place as one of many foremost cities for doing enterprise in Latin America. Along with its big selection of obtainable human expertise, its strategic location, and its financial energy, the town presents necessary incentives and best situations for the attraction of international funding and the event of companies within the area.

Amongst these incentives and situations is included the brand new Free Commerce Zone Regime (Decree 278 of 2021), which has necessary benefits, as proven under:

Permits distant work

The brand new free commerce zone regime permits industrial service customers to have 50% of their direct workers working remotely. This, so long as a business institution or department workplace will not be established outdoors the free commerce zone and the prices of the distant staff don’t exceed 30% of the full prices of the consumer.

This permits the decentralization of operations, optimization of infrastructure, discount of working prices, and, after all, goes in keeping with the brand new actuality, and world work traits.

Reduces workplace procedures and deadlines

The free commerce zone regime of 2021 reduces the procedures required for the declaration of a free commerce zone from 57 steps to 24; and, by lowering the phrases of response from public entities and candidates, it reduces by half the time required for this declaration, because it used to take 18 months and at present solely 6.

As well as, it unifies the extension time period of the declaration of everlasting free commerce zone and particular everlasting free commerce zone to 30 years.

All the above offers larger stability to the regime and permits corporations to consolidate their investments within the shortest time attainable.

Promotes e-commerce

In keeping with world traits, the brand new free commerce zone regime entails e-commerce. Subsequently, free zone customers could make gross sales over the Web, with out being thought-about retail gross sales based on the phrases of the Nationwide Tax and Customs Directorate (DIAN for its acronym in Spanish).

Consequently, gross sales made out of a everlasting free commerce zone could enter the nationwide customs territory below the modality of postal visitors and specific shipments, so long as these items don’t exceed a worth of USD 2,000 and a weight of fifty kilograms.

This reduces transport prices and permits a greater distribution of products from the free commerce zone to the totally different cities in Colombia and the area.

Permits the conversion of particular everlasting free commerce zones for companies into everlasting free commerce zones

The current regime makes attainable the conversion of particular everlasting free commerce zones for companies into everlasting free commerce zones oriented to the export of science, know-how and innovation companies.

That is particularly related for sectors corresponding to BPO and medical companies, contemplating Bogota’s sturdy worth proposition when it comes to human expertise and manufacturing capability for prescription drugs and medical gadgets.

Hyperlinks the private and non-private sectors

By way of the Free Commerce Zone Technical Committee, created throughout the framework of the Nationwide Competitiveness and Innovation System in July 2021, an official public-private physique is constituted to entails all stakeholders by means of fixed dialogue.

This permits to advertise the implementation of the Free Commerce Zones 4.0 mannequin and to spice up funding and productive transformation.

  • The brand new free zone regime (Decree 278 of 2021) has traits that promote the attraction of home and international funding, financial restoration and the promotion of exports from Colombia.
  • Greater than 960 corporations function in Colombia’s 112 free commerce zones, using greater than 54,000 individuals.

Extra Information:


Investorideas.com Newswire

This information is printed on the Investorideas.com Newswire – a world digital information supply for traders and enterprise leaders

Disclaimer/Disclosure: Investorideas.com is a digital writer of third get together sourced information, articles and fairness analysis in addition to creates unique content material, together with video, interviews and articles. Unique content material created by investorideas is protected by copyright legal guidelines apart from syndication rights. Our website doesn’t make suggestions for purchases or sale of shares, companies or merchandise. Nothing on our websites needs to be construed as a proposal or solicitation to purchase or promote merchandise or securities. All investing entails danger and attainable losses. This website is at present compensated for information publication and distribution, social media and advertising, content material creation and extra. Disclosure is posted for every compensated information launch, content material printed /created if required however in any other case the information was not compensated for and was printed for the only curiosity of our readers and followers. Contact administration and IR of every firm immediately relating to particular questions.

Extra disclaimer data: https://www.investorideas.com/About/Disclaimer.asp Be taught extra about publishing your information launch and our different information companies on the Investorideas.com newswire https://www.investorideas.com/News-Upload/ and tickertagstocknews.com

World traders should adhere to rules of every nation. Please learn Investorideas.com privateness coverage: https://www.investorideas.com/About/Private_Policy.asp

Follow Us on StockTwits



Source link

Previous Post

Middle East to register highest refinery condensate splitter capacity additions globally

Next Post

Foreign Exchange Reserves Decrease By $2.09 Billion To Stand At $619.36 Billion

Next Post
US Dollar Share Of Global Foreign Exchange Reserves Drops To 25-Year Low: International Monetary Fund

Foreign Exchange Reserves Decrease By $2.09 Billion To Stand At $619.36 Billion

Please login to join discussion
ADVERTISEMENT
  • Trending
  • Comments
  • Latest
After Brexit, freedom to set own rules in fintech, crypto could benefit UK

After Brexit, freedom to set own rules in fintech, crypto could benefit UK

January 13, 2021
Ripple effect: Revolut issues warning about XRP while still letting users trade it amid SEC lawsuit

Ripple effect: Revolut issues warning about XRP while still letting users trade it amid SEC lawsuit

January 11, 2021
Retiring Well: Stock Market Swings

Retiring Well: Stock Market Swings

February 6, 2021
Gold Up, Boosted by Strong Dollar and Fed Assurances on Inflation By Investing.com

Gold Up, Boosted by Strong Dollar and Fed Assurances on Inflation By Investing.com

March 24, 2021

Record high Memorial Day gas prices are stinging consumers and impacting travel

0
Ripple effect: Revolut issues warning about XRP while still letting users trade it amid SEC lawsuit

Ripple effect: Revolut issues warning about XRP while still letting users trade it amid SEC lawsuit

0
Nearly $170 billion wiped off cryptocurrency market

Nearly $170 billion wiped off cryptocurrency market

0
Crypto Advocates Think Joe Biden’s $3 Trillion Stimulus Plan Will Bolster Bitcoin

Crypto Advocates Think Joe Biden’s $3 Trillion Stimulus Plan Will Bolster Bitcoin

0

Record high Memorial Day gas prices are stinging consumers and impacting travel

May 28, 2022

Inflation, unstable forex rate major challenges: BB governor

May 28, 2022

Russia shows off Zircon hypersonic cruise missile in test-launch at sea By Reuters

May 28, 2022

Author praises small towns for business opportunities | News, Sports, Jobs

May 28, 2022

Recent News

Record high Memorial Day gas prices are stinging consumers and impacting travel

May 28, 2022

Inflation, unstable forex rate major challenges: BB governor

May 28, 2022

Categories

  • Business
  • Crypto
  • Economy
  • Forex News
  • Investing
  • Markets
  • Politics
  • Real Estate
  • Stock Trading
  • Tech

Site Navigation

  • Home
  • Advertisement
  • Tradinghow Financial Traductors – Contact Us
  • Privacy & Policy
  • Other Links
  • Tradinghow – Free Subscription 1
  • Tradinghow Traductors – Learn How To Trade – 10 Free Guidelines

Newsletter

To stay on top of the ever-changing world, subscribe now to our newsletters.

Loading

*We hate spam as you do.

 

© 2020 Tradinghow - Premium Business & magazine website by tradinghow Inc.

No Result
View All Result
  • Home
  • Economy
  • Markets
  • Investing
  • Crypto
  • Forex News
  • Stock Trading
  • More
    • Business
    • Real Estate
    • Politics
    • Tech
  • Tradinghow Traductors – Learn How To Trade – 10 Free Guidelines

© 2020 Tradinghow - Premium Business & magazine website by tradinghow Inc.

Login to your account below

Forgotten Password?

Fill the forms bellow to register

All fields are required. Log In

Retrieve your password

Please enter your username or email address to reset your password.

Log In
We use cookies on our website to give you the most relevant experience by remembering your preferences and repeat visits. By clicking “Accept All”, you consent to the use of ALL the cookies. However, you may visit "Cookie Settings" to provide a controlled consent.
Cookie SettingsAccept All
Manage consent

Privacy Overview

This website uses cookies to improve your experience while you navigate through the website. Out of these, the cookies that are categorized as necessary are stored on your browser as they are essential for the working of basic functionalities of the website. We also use third-party cookies that help us analyze and understand how you use this website. These cookies will be stored in your browser only with your consent. You also have the option to opt-out of these cookies. But opting out of some of these cookies may affect your browsing experience.
Necessary
Always Enabled
Necessary cookies are absolutely essential for the website to function properly. This category only includes cookies that ensures basic functionalities and security features of the website. These cookies do not store any personal information.
Non-necessary
Any cookies that may not be particularly necessary for the website to function and is used specifically to collect user personal data via analytics, ads, other embedded contents are termed as non-necessary cookies. It is mandatory to procure user consent prior to running these cookies on your website.
SAVE & ACCEPT
This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy and Cookie Policy.