Investor Presentaiton
C.2
Improve attractiveness for investors (II/II)
Initiative objective
Improve attractiveness of both tourism and hospitality industry to investors by offering incentives, such as
Tax exemptions, remittance of profit etc., to Tourism companies
Initiative Lead
C.2.1, C.2.2 Ministry of Tourism
C.2.3 Ministry of Commerce and Investment
Recommended timeline
3 months
Deliverables
•
One Stop Shop functioning effectively
Actions
C.2.3 Improve ease of doing business
•
•
Prioritize implementation of One Stop Shop by the Office of the Governor, by
holding the Ministry of Commerce accountable to streamline and reduce the time
to register a business and promote investments in the state
Improve coordination between Min. of Commerce and Board of Internal Revenue
for hotel registration, fees collection and implementation of e-payment solution
Work with PLASMEDA to provide financing to SMEs to setup businesses in key
tourist location, including favorable interest rates, non-collateral loans etc.
Improve coordination and collaboration between Tourism Agency and Ministry of
Tourism by instituting oversight of their operations from Office of Governor
Implement alternative dispute resolution process when disagreements ensue
(e.g., potential land disputes with locals relating to ownership of land close to
tourist sites)
Stakeholders
•
.
.
Ministry of Tourism; Tourism Agency
Ministry of Commerce and Investment
ICT
Office of the Governor
Board of Internal Revenue
PLASMEDA
Improved collaboration between Tourism
Agency and Ministry of Tourism
Clear guidelines on dispute
resolution process
Resources
•
3 months
•
6 months
Metrics
Consultant to develop marketing strategy
•
% increase in investment
•
Number of newly established
businesses
Time to register business
reduced to <21 days
109
Potential quick-win
3
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