Brazil 4 Business

Amapá

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:
 

  • Reduction or exemption from ISS tax (service tax)
  • Reduction or exemption from IPTU tax (property tax)
  • Donation or subsidized price for area acquisition for the implementation of new businesses
  • Presumed credit of up to 95% of the ICMS operational generated by the company on interstate transactions, with products manufactured in Pará
  • Up to 95% reduction on the calculation basis of ICMS generated in the operating activities of the company, for internal transactions with products manufactured in Pará
  • Exemption or deferral of ICMS on transaction acquisitions of Machines and Equipment for fixed assets;
  • Period for using of up to 15 years

 
Banks with attractive lines of financing
 

  • BNDES – Banco Nacional de Desenvolvimento Econômico e Social
  • Banco da Amazônia
  • Banco do Brasil
  • Caixa Econômica Federal
  • Banco do Estado do Pará

 
Other incentives
 

  • ZPE – Export Processing Zone
  • Industrial Districts

 
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:
 

  • Tax exemption;
  • Tax deduction;
  • Discriminatory taxation.

 
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.