SPECIAL IMPORT-EXPORT SYSTEM
Colombia has a special import–export system in place called Plan Vallejo. It is a mechanism by means of which producer entrepreneurs, exporters or traders may request authorization from the Ministry of Trade, Industry and Tourism to introduce into the country, inputs, raw materials, intermediate goods, capital goods and spare parts, exempted from customs tariffs. To be eligible for the exemption, the goods must be used for the production of goods or services devoted to export.
The Capital Goods and spare parts exemptions only apply until December 2006, due to Colombia’s commitments at the World Trade Organization (WTO).
December 15, 2021 @ 2:14 pm
Dear Sir /Mam,
I am planning to relocate to Medellin, Colombia in 2022 and have the following questions about starting a company in the Rio Negro, Free Trade Zone (FTZ).
I would like to get the following information:
1) What is the most simple the type of company that can be registered in the FTZ?
2) What is the cost of registration and will the trade license allow import and reexport of cargo inro the Port of Cartagena to other countries in the region, without payment of import duty & IVA as these goods are not for local consumption in Colombia?
3) Can this new company open a bank account that can facilitate foreign transactions?
4) Can you provide me with the contact information of the department that deals with registration of new companies the Rio Negro, Free Trade Zone in Medellin?
Thank you
Ravi Kurpad
Jemex international