Special Economic Zones (SEZs) are the flavour of the moment in South Africa’s current industrialisation policies. These SEZs are geographically designated areas of a country set aside for specifically targeted economic activities, supported through special arrangements (that may include laws) and systems that are often different from those that apply in the rest of the country. These SEZs have several distinct advantages for investors, namely:
- 15% Corporate Tax
- Building Allowance
- Employment Incentive
- Customs Controlled Area (VAT exemption and duty-free)
- 12i Tax Allowance to support greenfield and brownfield investment
The attached document outlines the definition of and SEZ; the benefits of operating in an SEZ; outlining existing SEZs; highlighting the Department of Trade and Industry’s proposed One Stop Shop facility; framing the SEZ Fund; outlining how to apply for consideration in an SEZ; and outlining the SEZ Technical Advisory Support offering.
Contact information is provided in each section.