Incentives & Benefit for Investors/EZ users:
TAX HOLIDAY :
-For all Economic Zones Income Tax Holiday (ITH)- 1st and the 2nd year 100%, 3rd year 80%, 4th 70%, 5th 60%,6th 50%, 7th 40%, 8th 30%, 9th 20% and 10th year 10%.
CUSTOM DUTY:
-Duty-free import of raw materials, construction materials, capital machinery, finished goods.
INCOME TAX-OTHERS
-Exemption from dividend tax (After tax holiday over)
REPATRIATION
-Full repatriation of capital and dividend.
FREE FLOW FDI
-No ceiling of FDI.
BACKWARD LINKAGE
-100% backward linkage raw-materials and accessories to sell for export oriented industries( EOI) in Domestic Tariff Area( DTA).[/i]
LOCAL SALE
-20% sale of finished product to DTA (From Export Processing Area –EPA).
SUB- CONTRACTING
-Sub-contracting with DTA allowed.
STAMP DUTY
-50% exemption of stamp duty and registration fees for registration of leasehold land/ factory space.
VAT
-80% exemption of VAT on all utility services consumed inside the zone.
CUSTOM DUTY
-Duty exemption on Export.
-Exemption of CD for import of 2 vehicles within 1st 5 years for foreign investors.
DOUBLE TAXATION
-Exemption of double taxation subject to Double taxation agreement.
IT INDIVIDUAL
-50% Rebate of income tax on salary income of expatriates for 5 years.
CUSTOM BOND
-Consider EZ as custom bonded area.
FOREIGN EXCHANGE
-FC loan availability (To ease business activity).
-FC Account for Non-Resident.
-FC Account for both local and joint venture industry.
JOINT VENTURE
-Joint venture allowed.
ROYALTIES
-Royalty, technical fees will be exempted from income tax.
CAPITAL GAINS
-Tax exemption on capital gain.
SHARE TRANSFER
-Share transfer allowed.
WORK PERMITS
-Work permits – No restrictions on issuance of work permits on project related foreign nationals and employees but limited up to 5% of total employees.
RE- INVESTMENT
-Re-investment of remittable dividend to be treated as new foreign investment.
RESIDENT
-Resident visa for investment of US$ 75000 or more.[/i
CITIZENSHIP
-Citizenship for investment of US$ 500000 or more.