Henceforth, the Colombian government grants helps to foreign investors allowing them to repatriate profits, to reduce tax rates, to reduce customs duties and to benefit from better establishment infrastructures. Furthermore, the government set up three different free trade zones: industrial of goods and services, industrial of tourist and technological services.
The first one, favours the industrial development of goods and services meant in priority for abroad. It is composed of 10 zones, 6 of which are administered by public institutions and 4 of which by the private sector. They are located in Carthagena, Barranquilla, Palmaseca and Buenaventura both in rionegro (Medellin), in the Candelaria (Carthagena), in Ciudadela industrial del Pacifico (Cali) and in Bogota.
The second one ensures the promotion of services allowances, meant for foreign tourism, and to national tourism, in large (Hotels welcoming, travel agencies, ...) It is composed of 2 zones, in Baru (Cartagena) and in Pozos Colorados (Santa Marta)
The third and last one favours the developmen of technology-oriented companies, which activities can be scientific research, innovation projects including new technologies.
COINVERTIR (Invest in Colombia Corporation) is an investment promotion agency providing assistance and support for investors.