Investment Policy Monitor
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UNCTAD has been collecting information on changes in national foreign direct investment (FDI) policies on an annual basis since 1992. This collection has provided input to the analysis of global and regional investment policy trends in the World Investment Report, the quarterly Investment Policy Monitor (since 2009) and the UNCTAD-OECD Reports on G20 Measures.
In 2011, to further strengthen the quality of reporting, UNCTAD revised the methodology of monitoring investment policy measures. and revised the measures going back to 2000 accordingly.
The Investment Policy Monitor provides the international investment community with country-specific, up-to-date information about the latest developments in foreign investment policies.
Through its monitoring of investment policy changes, UNCTAD offers cutting-edge and innovative contributions to investment policy discourse, and contributes to preparing the ground for future policymaking in the interest of making foreign investment work for growth and development.
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Note: the policy measures are identified through a systematic review of government and business intelligence sources. Measures are verified, to the fullest extent possible, by referencing government sources. The compilation of measures is not exhaustive.
Disclaimer: the boundaries and names shown and the designations used on this map do not imply official endorsement or acceptance by the United Nations.
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- Malawi - Introduces new measures to incentivize investment in the priority sectors and promote local employment
Malawi
Introduces new measures to incentivize investment in the priority sectors and promote local employment
07 Mar 2023The Government of Malawi made several income tax-related announcements on March 7, 2023, following the Budget Statement for the fiscal year 2023/24 presented to Parliament on March 2, 2023. The measures aim to incentivize investment in the priority industry, promote local employment, and ensure transparency in the assessment process.They include:
Tax Holiday and Duty-Free Importation: Investors in mega farms will enjoy a tax holiday of up to 10 years, along with the privilege of importing machinery and building materials duty-free.
Amendments to the Priority Industry Scheme: The following changes were made to the scheme:
a. Retroactive Incentives: Investors registered before 2013 can now qualify for incentives under the Priority Industry Scheme, provided the new investment operates as a subsidiary.
b. Local Employment Requirement: All companies operating in the priority industry must have at least 30% of their management positions filled by local employees.
c. Joint Ventures: Joint ventures between Malawians and non-Malawians will be considered Malawian investments if the Malawian investors contribute at least 51% of the capital investment.
d. Transparency in Assessment: Assessment criteria for qualification to operate in the priority industry will be included in regulations to increase the transparency of the assessment process.
e. Designated Sectors: The priority industry will consist of the following designated sectors for the next 10 years, from 2023 to 2033: agro-processing, energy generation and distribution, and mega farms. This inclusion comes with a sunset clause for each sector.
f. Tax Holiday Period: The regulation will specify the tax holiday period for each investment.
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Type:
- Promotion and facilitation (Investment incentives)
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Industry:
- Not industry specific
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Sources:
- Government Portal, New tax measures announced, https://www.mra.mw/news/new-tax-measures-announced, 07 Mar 2023
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UNCTAD has been collecting information on changes in national foreign direct investment (FDI) policies on an annual basis since 1992. This collection has provided input to the analysis of global and regional investment policy trends in the World Investment Report, the quarterly Investment Policy Monitor (since 2009) and the UNCTAD-OECD Reports on G20 Measures.
In 2011, to further strengthen the quality of reporting, UNCTAD revised the methodology of monitoring investment policy measures. and revised the measures going back to 2000 accordingly.
The Investment Policy Monitor provides the international investment community with country-specific, up-to-date information about the latest developments in foreign investment policies.
Through its monitoring of investment policy changes, UNCTAD offers cutting-edge and innovative contributions to investment policy discourse, and contributes to preparing the ground for future policymaking in the interest of making foreign investment work for growth and development.
-
Note: the policy measures are identified through a systematic review of government and business intelligence sources. Measures are verified, to the fullest extent possible, by referencing government sources. The compilation of measures is not exhaustive.
Disclaimer: the boundaries and names shown and the designations used on this map do not imply official endorsement or acceptance by the United Nations.
Share





Latest publications
