Foreign Investment Incentives in Somaliland
- Tax incentives
Foreign investment shall not pay tax on profits for the first three years, after which it shall be entitled to 50% reduction on tax on profit
Machinery, equipment and material shall be exempt from import tax.
- Facilities for foreign personnel
The board shall ensure that immigration authorities facilitate the granting of permits and residence visas to foreign personnel.
Foreign personnel may freely transfer up to 50% of their salaries, wages, gratuities and allowances paid in Somaliland.
- Reinvestment of profits
Profits may be reinvested in the registered enterprise in which case the board must be notified
- Repatriation of capital and profits
Profits from registered enterprises may be freely repatriated. In case only part of the profit is repatriated, the remaining can be repatriated in any year following
Original investment plus profit reinvested shall be freely transferable after three years from the date of registration
The transfer of capital shall be affected in original currency in physical equipment and material.