While all form of investments are encouraged, there are certain characteristics of investments that will be most favored and supported by the National Government. Current focus of the National Government is to attract more investments that support the national development strategies based on the “ Bottom-up-Approach”. This is a concept devised to decentralize development to rural areas.

Most favored investments are those that will improve the liveli-hood of rural people including down stream processing or manufacturing. The national government will support directly these types of investment especially where local raw materials are fully utilized in the production stages. Those investments that intend for international markets or export oriented are on the same priority list for government direct support. Some of these support include allocation of land, tax exemption from income, tax holidays and export relief tax. In cases where investment is rural base, a 100% tax exemption can be applied for by the investor.

For more information about tax and incentives, contact the Office of the Commissioner of Inland revenue.