Mato Grosso Will Have Its First Aircraft Factory in Lucas do Rio Verde

Written by Bruno Teles

Published on 08/04/2023 at 15:01

Octans Aircraft – indústria de aviões (foto/divulgação)

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Octans Aircraft Will Transfer Its Production to the State and Will Receive Tax Incentives

Octans Aircraft, a company currently headquartered in São João da Boa Vista, São Paulo, will receive tax incentives to move its production to Mato Grosso, more specifically to the city of Lucas do Rio Verde, which is 354 km north of the state capital, Cuiabá. The production of the 5-seat single-engine planes will begin in 2023.

Granted Tax Incentives

During the 13th extraordinary meeting of the Development Programs Deliberative Council of Mato Grosso (Condeprodemat), held last Thursday (6), it was determined to grant 85% tax waiver for the company’s operations within the state and 90% for interstate operations.

Economic Impact of the New Industry

The growth in the aviation sector in Mato Grosso is due to the distance from major centers and the presence of a very large market. The new, advanced technology industry will further encourage the production and purchase of aircraft in the region, bringing significant economic development and generating jobs and income across all areas.

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Other Granted Incentives

In addition to aircraft production, the extraordinary meeting of Condeprodemat also approved an 85% increase in the tax benefit for the manufacturing of bakery products and 90% for interstate operations, as well as the inclusion of rough rice to benefit from a 50% tax reduction within the Rural Development Program (Proder) limited to the municipalities of Aripuanã, Colniza, and Rondolândia for interstate operations.

Those eligible for the tax benefits must contribute to the Economic Development Fund (Fundes) and the Sports Development Fund (Funded). The percentages vary depending on the credit granted and range from 1% to 3%.

Mato Grosso Will Have Its First Aircraft Factory in Lucas do Rio Verde

Octans Aircraft Will Transfer Its Production to the State and Will Receive Tax Incentives

Granted Tax Incentives

Economic Impact of the New Industry

Other Granted Incentives

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Mato Grosso Will Have Its First Aircraft Factory in Lucas do Rio Verde

Octans Aircraft Will Transfer Its Production to the State and Will Receive Tax Incentives

Granted Tax Incentives

Economic Impact of the New Industry

Other Granted Incentives

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