The state of Pará stimulates and benefits its investors in various ways, among them by investing in infrastructure, labour qualification, technology and innovation centres, by granting tax incentives with the aim of making the region more attractive for investors. It offers personalized lines of financing for the various types of investments. Amongst the main incentives, include:
Banks with attractive lines of financing
The International Business Centre of the Federation of Industries of the State of Pará - CIN / FIEPA, is prepared to assist potential investors in the support process to obtain information about various incentives and benefits that the state of Pará offers, through the articulation with the various agents involved.
Equipment for energy production: Amapá concentrates several rivers with constant volume throughout the year, which turns exploitation of hydropower potential possible. In addition, it has been identified as among the five best in the country in terms of wind for wind energy production and this is still an option little explored.
Food and Beverages: Since this is an isolated region until recent years, this is a market still at a preliminary stage. The constant investments in logistics generate the prospect of increasing the number of consumers in the vicinity of major projects. In addition, the great biodiversity ensures unique resources for industry, which is its main competitive advantage.
Construction: The demand for this sector is high in the state on the basis of various programs aimed at reducing the housing deficit. For that, partnerships between state government, federal government and private sector are common to form qualified manpower, therefore a well-established in the state policy. The scenario of infrastructure works such as paving streets and building bridges, should continue.
Oil refining and coke: Initial research found that in the region of the mouth of the Amazon River there are offshore oil reserves by volume exceeding 14 billion barrels. The expectation exploration is short-term, and the extraction rights have been tendered. There are reserves in shallow water (quick operation) and deep water, guaranteeing the sustainability of refineries established in the region.
Perfumery, Hygiene and Cleaning: The existence of rich biodiversity and largely unexplored in the region, gives immeasurable potential for the development of new products in the perfumery industry.
In general, the state practices three forms of incentives:
The criteria for granting of these benefits are based on the number of jobs created, the state’s interest in the industry sector and region investment.
Based on the Manaus Free Trade Zone, the Free Trade Area of Macapa and Santana were established. Unlike the Amazon region, the benefits have much greater focus on exporting or re-exporting. Since the consumption or use of any product is only permitted within the Area.
In addition, there are several other incentives, fitting specific consultations, if there is interest.