Amendment of Investment Code
01 Jan 2010
On 29 January 2010, Burkina Faso adopted Law No 7 of 2010 which amends/repeals articles 4, 6, 7, 24, 26, 28, 29 and 31 of the 1995 Investment Code, and its subsequent amendments. The new law added banking, financial services, and telecommunication activities to the list of excluded activities. The new Act changed the existing investment categories from 6 to 4, and raised the amount of investment and number of permanent employees required to obtain different types of fiscal benefits available for each category. Additionally, it added incentives to invest more than 50km from the urban centres of Ougadougou and Bobo Dioulasso, and abolished the permanent tax exonerations.
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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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Primary (Mining and quarrying)
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Manufacturing (Manufacture of coke and refined petroleum products)
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Services (Telecommunications, Financial and insurance activities)
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Sources:
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Official Gazette No.17, 29 Apr 2010
