ZOFRI Tax Free Zone
Iquique's Free Trade Zone, ZOFRI, is a business center that in addition to having a shopping mall for retail sales, offers an area of over 200 hectares where a strong and dynamic commercial trading takes place.
In this business center more than 1650 companies conduct sales of products both at retail and wholesale with sales of over 4.7 billion dollars a year.
One of the major advantages of this special economic zone is the existence of tax exemptions in which products are free of import tariffs and value added tax for an unlimited amount of time while stored at the Free Trade Zone. This allows product storage, transformation and selling to Chile and the rest of the world only paying duties at its final destination.
The economic activities of Iquique, capital of Tarapaca I region, is mainly based on the international business that goes through Iquique's Free Zone (ZOFRI), copper mines, tourism and fishing industries.
When Free Zone first began in 1975, the city had approximately 73.000 inhabitants. Today it has more than 200.000. This means that in a period of 29 years it has doubled its population.
For roadway transport, Iquique offers passenger and freight service. The Pan-American Highway connects the city with Peru and the rest of Chile. Other roadways lead to Bolivia and Argentina. There have been ocean corridor projects in which Iquique will have in medium term, excellent access to the rest of the Mesoamerican countries.
The international airport has runways suitable for large capacity plane landings and it is placed in second place in number of passengers.
There are various shipping companies in Iquique that offer maritime transport services to any place in the world.
The region has its three ports in Arica, Patillos and Iquique. The latest has an average influx of 50 ships and transports around 90.000 tons a month.