FUNDAP: Fund for the Development of Port Activities

Fundap (Port Activities Development Fund) is a financial incentive that supports companies based in the State of Espírito Santo and carry out foreign trade operations of certain goods, provided they are taxed by the ICMS (Tax on Circulation of Goods and Services). Industrial companies that use imported input may qualify for Fundap financing, creating a branch specialized in foreign trade. The basic condition for funding Fundap is the chargeable event and the need for payment. The company can be a LTDA or s/a.

Source: https://www.oliricacunha.com.br/br/fundap-fundo-de-devolve-das-ativities-portuarias

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