Investment Incentives

	10% corporate profit tax for first 12 years from the operation:

	- With 3-year tax holiday beginning from first profitable year

	- Next 7 years with 50% tax reduction; after first 12 years, 28% corporate profit tax

	VAT 0%

	Reinvestment tax credit for up to 3 years of profits


	No land tax, no duty or sales tax on exported/imported items

	Transactions in foreign currencies within the zone

	Foreign companies can enter directly into labor contracts

	Licensing of investment project of up to US$40 million possible within 15 days with HEPZA

	Land leases are transferable to a third party