Advantages of economic zone
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Financial Advantages
- Financial Advantages ( the most attractive benefit in the Economic zone !.)
0% Custom Tax
- 0% Customs on all project’s components imported from abroad under the condition of exporting the final products for All needs for projects (Establishing, Construction, Operation) imported from abroad
- 0% Customs on all project’s components imported from abroad under the condition of exporting the final products for All needs for projects (Establishing, Construction, Operation) imported from abroad
0% Value Added Tax
- 0% VAT applied whether importing from local or foreign markets to SCZONE, on all procurements required for manufacturing, production, operation (raw materials, components, spare parts, etc.)
- Activities of the Supply from a service provider outside SCZONE ; 5%VAT is applied to value of services
- Activities of the technical consultation from a service provider outside SCZONE 10 %VAT is applied to services
50% Corporate Tax exemption
- 50% Discount on Corporate Tax (net profit) equivalent
- Discount only for 7 years from beginning of operating the project that established within 3 years after adopting the investment law in 2017.
- The area is exempt from any other fees or taxes such as stamp duty and real estate tax.