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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- Gambia, The - Adopted Investment and Export Promotion Agency Act
Gambia, The
Adopted Investment and Export Promotion Agency Act
01 Jan 2010The Act establishes an Investment and Export Promotion Agency (GIEPA), and provides inter alia guidance on investment, priority sectors, investors guarantees and eligibility criteria for investment incentives. The new law also provides incentive packages to investors investing in priority sectors, namely agriculture, fishery, manufacturing, tourism, forestry, energy, mineral exploitation, financial services, investment banks, housing finance institutions and other services. Incentives include a tax holiday on corporate or turnover tax, depreciation allowance, withholding tax on dividends, import sales tax waiver in respect of the import of its manufacturing plant, construction materials and spare parts for a period of five years from the date of signing of the investment agreement; and raw and intermediate inputs, for a period of five years from the date of commencement of operations. In order for an investor to be considered for the above incentives an investment of at least U.D. $250 000 should be made. Also, the law offers various kinds of incentives for businesses located within designated economic zones. The incentives depend on the percentage of goods exported for up to 10 years (export license duration) and are conditional on meeting the 80 percent export requirement and other basic requirements, such as, submission of audited financials, compliance with EZP statutes. For businesses exporting up to 30 percent of their goods the following incentives may apply: 10 percent levy on corporate or turnover tax, benefit from export market intelligence.
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Type:
- Promotion and facilitation (Investment facilitation , Investment incentives, Special economic zones)
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Industry:
- Not industry specific
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Sources:
- Gambia Investment & Export Promotion Agency (GIEPA), The Gambia Investment and Export Promotion Agency Act, 2010, http://www.giepa.gm/sites/default/files/GIEPAAct2010.pdf, 01 Jul 2010
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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.