Incentives

ECER has put in place a package of attractive incentives as part of its vision to be a pro-business and investment-friendly environment.

MAIN ELIGIBILITY CRITERIA FOR ALL CLUSTERS
Company shall:-
Incorporated under the
Companies Act 1965 [Act 125]
Be undertaking a qualifying project
or activity in ECER
Commenced project / activity not
more than one (1) year

 

Additional criteria for agriculture project, all of the above criteria apply including the following item: Investor investing in a related company shall own at least 70% equity/ordinary shares of the subsidiary company.


TYPE OF INCENTIVES
Pioneer Status
(PS)

Income Tax Exemption of 100% for 10 years commencing from the year company derives statutory income;
Investment Tax
Allowance (ITA)

Income Tax Exemption of 100% of qualifying capital expenditure incurred in 5 years and to be written off against 100% of the statutory income;
Stamp Duty
Exemption

Stamp duty exemption for all clusters promoted by ECERDC on transfer or lease of land or building.
Withholding Tax Exemption
Withholding Tax Exemption on royalty and technical fees

 


LIST OF INCENTIVES BY CLUSTERS
ManufacturingOil, Gas & Petrochemical Tourism Agriculture
Knowledge and ICTIndustrial Parks & Free Zone Teras Programme Facilitation Fund