Customs Duty Exemptions

Investors may be exempted from paying customs duties on:

• Capital goods and equipment
• Raw materials
• Spare parts
• Building materials for approved projects

Corporate Income Tax Holidays

Qualifying investments may receive tax holidays based on sector and size of the project. This enables reinvestment and faster returns.

VAT Exemptions

Projects in key sectors can enjoy Value Added Tax exemptions for both imported and locally sourced goods and services.

Withholding Tax Reductions

Reduced or exempted withholding tax on dividends, royalties, and interest—especially when profits are reinvested in the country.

Land & Property Incentives

The NIB facilitates land acquisition and may support exemptions or reductions on land-related fees and charges for approved investors.

Legal Framework & Guidelines

All incentives are governed under the NIB Act and subject to regulatory compliance. Applications are vetted and approved by the NIB in coordination with relevant government bodies.

Application Process

• Submit an application letter to the NIB
• Attach business plan, financials, and relevant documents
• Review & coordination with sectoral ministries for approval

Inspired by Regional Best Practices

The NIB also offers:

• Assistance with tax and customs exemptions
• Utility facilitation
• Business registration support