Ley No. 917, Ley de Zonas Francas de Exportacion
In forceEffective 2015-10-16 · Applies to both
Article 3 lists the categories of export free zone an investor may establish, including a zona franca de servicios, a services free zone, alongside manufacturing, logistics, and outsourcing zones. Article 21 creates the Comision Nacional de Zonas Francas as the regulatory body that approves and oversees zone operators; article 9 creates the Corporacion de Zonas Francas to administer state-owned zones.
Article 16 grants an approved Empresa Operadora de Zona Franca a 100 percent income-tax exemption on the zone's operations for fifteen years, renewable once, plus exemptions from import duties on machinery and equipment, incorporation and stamp taxes, real-property transfer tax, indirect and municipal taxes.
Article 20 grants an approved Empresa Usuaria de Zona Franca a 100 percent income-tax exemption for its first ten years, falling to 60 percent from the eleventh year onward, plus customs, municipal, and export-tax exemptions on its zone operations. Neither article, nor any other provision located in this Act, addresses electricity grid interconnection, water use, or air emissions specifically.
Source: Full text of law