Investors investing in Free Economic Zones are granted the following tax incentives:-

• 10 year Corporate Tax Holiday and 25% tax rate for the subsequent ten years.

• 10 year withholding tax holiday on dividends to non residents.

•  Duty and VAT Exemption on raw materials, machinery, equipment and other inputs.

•  Stamp Duty Exemption

• 100% investment deduction on capital expenditure within 20 years.

• Exemption from Tax on dividend for ten years.

• Duty and Tax free Import of goods from domestic area permissible.

• Duty Free import of raw materials for construction of factory buildings.

• Duty free export of goods produced.

• Exemption of income Tax on interest on borrowed capital.

• Exemption from payment of all taxes and levies imposed by local government authorities for gods and services produced in Free Economic Zones.

• On site custom inspection of goods in lieu of off-port inspection.

Investors investing in Free Zones are granted the following tax incentives:

• Exemption from any tax on all goods destined for re-export.
• Exemption from local taxes on all goods produced in Freeport for export
• Exemption from payment of corporate tax for the first 20 years.
• No limit to the durations that goods may be stored to Freeport Zones.
• 100% retention of all profits.
• 100% foreign ownership allowed.
•  Free repatriation of profit.

 NB: 20% of turnover is allowed for sale at the local market and is subject to the payment of all taxes.