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.
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Type:
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Entry and establishment (Ownership and control)
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Promotion and facilitation (Investment incentives)
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Industry:
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Not industry specific
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Primary (Agriculture, forestry and fishing)
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Manufacturing (Manufacture of food products, beverages and tobacco products)
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Sources:
