The FTZ has some very good advantages for businesses that are starting in the country.
We are not yet in the production stage, we are organising the business, machinery and training to start production. The initial objective of Castem Colombia SAS is to export to the United States. The factors that help to export are being in a FTZ where the exportation process is easier with less taxes, less tariff rates and the reduction in the cost of production and materials.
We do not pay IVA for purchases nationally or internationally. Also duty is 0%.
They allow companies to grow capacity to compete in international markets. With the benefits mentioned before we are more competitive.
The FTZ mainly generates employment. This attracts development such as roads and electricity.
Taxes, production and employment. In the case of our company we are in the FTZ Intexzona, we are very close to the airport. Logistically it is a great advantage.
In exports I think we will have an advantage with the agreements.
Many times we have mentioned the employees. We are not yet operational but already we have 24 employees working. This is very important. We have also brought to Colombia new technology. We are going to train and teach people so we grow together; this is most important.
Castem Colombia SAS is a micro casting company producing precision pieces. Currently we are training because the aim is to always be near to perfection. Once we start production we want our clients always to be satisfied and to expand our sales, even inside Colombia.
Fabricating precision metal pieces