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
|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|
Income Tax Exemption of 100% for 10 years commencing from the year company derives statutory income;
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 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|