Why invest in Sudan
The government of Sudan is currently offering many incentives to foreign investors, these include.
- Complete exemption from customs fees for capital projects
- Freedom of capital transfer.
- Grant exemptions from profit taxes of 5 to 10 years for investment projects.
- Customs exemptions for strategic projects and non-strategic capital goods.
- Strategic projects are given the necessary land free-of-charge.
- Non-strategic projects are given land at an encouragement price.
- The investor has the right to operate without a Sudanese partner.
- No confiscation of property will occur except through the legal system and after payment of a reasonable compensation
- The investor has the right to re-transfer the capital in case the project isn't executed or is liquidated
- Transfer of profits and costs of finance will be executed in the currency of import and on the date due (after payment of the legal duties)
- The project is automatically included in the registry of importers and exporters.
Introduction:
Following 3 decades of civil war and unrest, Sudan is currently at the start of an economic boom triggered by a combination of the ending of the civil war in the South and the discovery of substantial reserves of oil in various locations. This boom has seen the rate of economic growth grow steadily from 5.10 % in 2003 to over 9 % in 2006The economic boom has increased the number of civil projects being carried out, including road building, bridges and infrastructure projects. One of the most notable is the Hamadab Dam in Merowe, which will triple electricity output, at a cost of 1.73bn dollars. There is also the ambitious Alsunut construction project, which is aimed at creating what has been described as Africa's Dubai. This development over an area of 1,500 acres represents Africa's largest commercial construction site, which will include offices, duplexes and residential estates.
The creation of a dedicated ministry of investment by the government shows a clear commitment to attracting foreign investment and offering generous terms to foreign investors, including tax and import duty exemptions, and, in many cases, the offer of free land.
About Us:
This site is used to promote the services offered by Sudan investment services. The company has been formed by a group of independent consultants operating in Sudan, and who have years of experience in the fields of FDI, investor relations, company formation and a wide range of business contacts.
With the increased interest from foreign investors in Sudan the company was created in order to facilitate the services that they may require. Initially, the services we offer will be limited to several key aspects relating to company registration, obtaining tax exemption and immigration issues.
Please refer to the services section for our current services. In the future we aim to expand services to include support throughout the project life cycle, and laying all the groundwork for any company wishing to or considering investing in Sudan. This support would range from providing specialized reports on any market sector and any proposed projects for which the government or private sector is seeking investors
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Company address:
Sudan Investment Services Limted (Company number: 6411883) |
