Investment Incentives

	10% corporate profit tax for first 15 years from the operation:

	- With 4-year tax holiday beginning from first profitable year

	- Next 7 years with 50% tax reduction; after first 15 years, 28% corporate profit tax

	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 days with HEPZA

	Land leases are transferable to a third party