A Domestic company operating with a Freeport licence can benefit from significant fiscal advantage as well as gain commercial edge for export/import business.
Advantages of operating in the Freeport area:
Advantages of operating in the Freeport area:
- Zero corporate tax
- No custom duties on imports of raw materials/goods
- Reduced port handling charges for re-export
- Integrated logistics facilities
- Access to preferential market conventions such as SADC/COMESA, AGOA, EU/EPA
- For category F Freeport Operators (manufacturing), up to 5% of their annual turnover can be sold on the local market, subject to the approval of the Board of Investment, but profits will be taxable at local rates. For all other types of Freeport Operators, up to 50% of the value of goods exported or 50% of their annual turnover of services can be sold / provided on the local market, subject to the approval of the Board of Investment, but profits will be taxable at local rates
- No minimum capital for investment
- Access to preferential market conventions such as SADC/COMESA, AGOA, EU-EPA
- Free repatriation of profits
- Banking facilities
