Logistics service: receiving merchandise, documentation management, transportation, inventory and shipments.
Real Estate Business: sale or lease of industrial land and lease space at the mall. This line of business represents 75% of revenues.
Administration
ZOFRI S.A. Is the management company and operator of the Zona Franca de Iquique, in concession for 40 years, signed with the State of Chile. Its property is in the hands of CORFO and the rest in private investors. Its shares are traded on the Santiago Stock Exchange The zone consists of a 240 ha enclosure built north of downtown Iquique known as the «walled enclosure» or «industrial district». Inside a 1650 operating companies that trade goods free of duties and taxes, with annual sales of U.S. $ 2.1 billion. Goods can be stored, processed, finished or sold without restriction. It also has a mall of 30,000 m² where more than 600 stores offer various retail products, highlighting Perfume, appliance, electronics, equipment computing, cigarettes, liquor, toys and costumes. Currently the ZOFRI has entered a new expansion that will include more than 1,000 new stores and a new station Fast Food. ZOFRI S.A. has other assets in the nearby commune Alto Hospicio, with 129 ha in area, and Arica, a city 310 km north of Iquique, 122 ha. The 50% of its revenue comes from leasing and sale of commercial and industrial land. The other 50% is obtained the lease of commercial and service delivery. ZOFRI has been the engine that has driven the economy of this city. Currently generates over 20,000 direct and indirect jobs. One attraction of the city is to go shopping at the Mall ZOFRI where visitors to the city can take up to U.S. $ 1,200 in free merchandise from payment of customs duty of 6%, Alcohol Law and Tax tax 19%. Sales mainly abroad are: Bolivia, Peru and Paraguay. Its imports are led by Asia, representing 60% of purchases of ZOFRI. The main products are automobiles, machinery, equipment and apparel.
Tax and customs benefits
Companies operating in ZOFRI have the following franchises:
Exemption from payment of VAT in operations conducted under the free zone regime.
Exemption from payment of VAT for services provided within the enclosure Zofri.
From a customs standpoint goods remain within the precincts of Zofri are considered as if they were abroad, therefore the goods leaving the premises ZOFRI to destinations abroad are not taxed. For sales within Chile, there is differentiated tax treatment for sales on the I region or the rest of the country.
