Mali

Mali

Adopted Investment Code 2012

27 Feb 2012

On 27 February 2012, Mali adopted an Investment Code. The Code offers the following key incentives and provisions, among others: • It provides equal treatment and incentives for both domestic and foreign companies in areas like licensing, procurement, tax exemptions, customs duty deferrals, export/import policies, and export zone status. • Companies that reinvest profits to expand existing businesses or diversify into another relevant sector are eligible for incentives. • Criteria for granting incentives include the size of capital investment, use of locally produced raw materials, and level of job creation. • Companies using at least 60% locally produced raw materials are eligible for certain tax exemptions. • Companies investing at least 5% of turnover in local research and development can get a reduction in payroll taxes for Malian employees. • There is no requirement for Malian ownership of foreign investments or reduction of foreign equity over time. • Income tax exemptions for 5-8 years, reduced energy prices, and infrastructure support are offered for establishing businesses outside the capital. • Companies exporting at least 80% of production are free from all taxes for 30 years, with up to 20% allowed for domestic sales subject to import taxes. • Priority sectors like agribusiness, fishing, livestock, and forestry are offered special incentives. The 2012 code aims to attract investment by offering a range of fiscal and non-fiscal incentives, with criteria focused on factors like capital investment, job creation, use of local inputs, and location outside the capital.

Nature of measure:
  • Liberalization
  • Incentives
  • Other regulatory changes
Type:
  • Entry and establishment (Ownership and control)
Industry:
  • Not industry specific
  • Primary (Agriculture, forestry and fishing)
  • Manufacturing (Manufacture of food products, beverages and tobacco products)
Inward FDI:
No
Outward FDI:
No
Sources: