Total exemption from customs fees for capital projects
Freedom of capital transfer
The simplification of procedures through the establishment of a single outlet - 'one-stop shop'
The granting of exemptions from profit taxes of 5-10 years for investment projects
The granting of customs exemptions for strategic projects and non-strategic capital goods
Providing necessary land free of charge for strategic projects
Providing land at an encouragement price for non-strategic projects
Giving the investor the right to operate without a Sudanese partner
Sudanese investment law has provided the following fundamental guarantees:
Confiscation of property can only occur through the legal system and after payment of a reasonable compensation
Investors have the right to re-transfer the capital in case the project isn't executed or is liquidated
The transfer of profits and costs of finance will be executed in the currency of import and on the date due (following payment of legal duties)
The project is automatically included in the registry of importers and exporters
The Government of Sudan has established a number of regional agreements in order to encourage investment and create trade opportunities with other nations:
Sudan has joined the COMESA trade bloc
The country is looking forward to joining the World Trade Organisation
Sudan will attempt to join the Arab Free Trade Organisation in 2007
Sudan has strengthened relations with regional and international organisations and corporations related to investment |
