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[Conducive Policy] [The Investment (Encouragement) Act] [Investment Sectors] |
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Conducive Investment Environment In Gedarif State |
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The Government of the Republic of Sudan and the
Government of the state of Gedarif have adopted conducive policies for
the private sector's initiatives to invest, such as:- |
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| 1- No project may be nationalized or expropriated. 2- Awarding the investor a land plot at a low price as an incentive to invest. 3- Exemption form customs duty for equipment, instrument, motor vehicles and raw materials (production inputs). 4- Exemption from Business Income profit tax for 3 to 5 years, according to the type of the project, from the date of starting the business. 5- Extension of the tax exemption period if it was proved that the investor had suffered losses. 6- Right to retransfer invested capital in the same currency of initial transfer. 7- Right to re-export tools, equipment that has been imported for the project. |
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