Investment Incentives

Incentives are based on the size of capital investment and the number of persons who will be employed as a result of the project. The generous list of incentives is provided below:

• Exemption from or reduction of payment of duty on the importation or purchase of raw materials, building materials, furniture, fixtures, fittings, appliances, machinery, plant and equipment for use in the construction and operation of the business
• Exemption from or reduction of duty on the importation or purchase of vehicles for use in the operation of the business
• Reduction of property tax in respect of land and buildings used in the operation of the business
• Exemption from or reduction of payment of income tax under the Income Tax Act
• Reduction of Stamp duty payable by the purchaser or transferee, and by the vendor or transferor of land
• Reduction of stamp duty under the Non-Citizens Land Holdings Regulation Act
• Exemption from or reduction of withholding tax on dividends, etc. under the Income Tax Act

How can we help you?

Companies requesting incentives must provide the following documents:

• Valid proof of identity such as passport or driver’s license
• Business plan with credible financials
• List of materials and equipment for which the business is seeking concession(s), indicating the cost of each item
• An Environment Impact Study (if necessary)
• Planning approval by the Development Control Authority (if necessary)
• Articles of Incorporation
• Bylaws
• Audited Financial Statements for the last three to five years (existing companies)
• Evidence that the company is current with local taxes
• Profile of key executives