tax exemptions

Investment Magazine / Exclusive

In a move aimed at enhancing the local investment climate and expanding the scope of national industries, the Ministry of Economy, Industry and Investment— in collaboration with the Tax Authority, Customs Authority, and the Chamber of Commerce and Industry in the Capital Secretariat—has approved the acceleration and simplification of procedures for local garment manufacturers to obtain exemptions granted under the Presidential Decree on textile sector incentives and privileges.

Introduction:

The government is keen to promote investment in productive and service projects by offering a range of financial and administrative incentives aimed at reducing the financial burden on investors and stimulating economic growth. These incentives are specifically targeted at projects with costs ranging between $100,000 and $1 million, ensuring maximum benefit from both local and foreign investments.

General Incentives:

Introduction

Small and micro enterprises are a key pillar in supporting the local economy, and governments are keen to provide the necessary facilities to enable them to grow and be sustainable. In this context, Investment Law No. 3 of 2025 includes a range of incentives and benefits that aim to encourage these projects, especially those whose cost is less than or equal to $100,000.

The most important incentives and benefits