What is a Free Trade Zone?
It's a geographically limited area with extraterritorial rules where the country authorizes the application of an especial and different normative regime in tributary, fiscal, customhouse, transactions, external business, exchange and labor related affairs.
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Zona Franca Manabí
The Manabi Free Trade Zone (ZOFRAMA S.A.) it's a limited space with an extension of 75 hectares and approximately 300 hectares in reserve, where the merchandise that enters receives a special treatment in duties and tax matters.
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Benefits
The companies settled on the free trade zones will enjoy the following benefits: Total exoneration from taxes, rights, and tariff mortgages, exoneration of the Rent tax and IVA for every act and contract accomplished inside the free trade zones, Patent tax and taxes involving production...
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