Investor Presentaiton
Free Trade Zones & Nigeria Tax Regime
The Incentive Scheme (cont'd)
e. Repatriation of foreign capital investment at any
time, with capital appreciation thereon.
f. Offshore remittance of profits and dividends.
g. Up to 100% foreign ownership of businesses in the Zones.
generally available to all foreign investors under
NIPC and FEMMP Acts since 1995. Cf. China's "no
participation limit” in FTZs.
h. 100% of the products may be sold in Customs Territory
against valid permit and on payment of appropriate duties:
- how is this an incentive?
Ss. 18(1)(e) (25%) vs. 2004 NEPZA & 2003 OGEFZ Regulations –
100%. CITA Amdmt Act 2007 (s.23(s)).
– 75% import duty rebate on value added special product intended for
customs territory – OGEFZ (Special Import Provs) Order 2003.
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