Tunisia: A range of measures to support investment.
12 November 2011
Read by 1502 persons
A range of measures was announced on Friday during the 42nd meeting of the information unit in Kasbah. The various speakers emphasized the importance of these procedures in promoting employment and creating new jobs, one of the main objectives of the revolution.
Indeed, some measures have been taken by the Ministry of Finance to promote regional development. According to the representative of the ministry, new projects that will be created will benefit from the collection of the ceiling of release bonus. A bonus of 25% will be granted to these projects, particularly in inland areas, with a ceiling of 2.5 MD.
Also, these projects could benefit from the full coverage of the employer's contribution to the social security system for a period of 10 years. Similarly, the state covered the infrastructure costs, which could reach 85% for this type of project.
In the same context, it was announced that the State has taken other measures to encourage new promoters and SMEs, by raising the ceiling for these projects to 5 MD instead of 10 MD
To maintain jobs, the State also covered the social contribution and 10% of the interest rate, allowing affected businesses to continue their activities and maintain their jobs.
On the other hand, changes have been introduced in the scope of intervention of venture capital companies (SICAR) and the common venture capital fund. Today, the scope of 40 SICARS is no longer limited to projects set by law. On the contrary, it is expanding to cover all areas except the stock market. The ultimate goal is to absorb the unemployment rate.
In fact, before the promulgation of the relevant decree-law, SICARS were only authorized to intervene in areas that could give rise to targeted tax benefits, namely regional development.
Ferid Ettounsi, CEO of APII, announced that the number of industrial projects declared to APII increased to 3249 projects during the 10 months of 2011, achieving a growth of 3.6%. According to him, the dynamics of upgrading Tunisian industry shows great vitality, as evidenced by the increase in investment volume to 2.5 MD.
The number of approved applications has increased to 269 applications, a considerable increase of 35% compared to 2010.
However, a slight regression was noted in job creation, knowing that Tunisians' investment intentions fell by 40%.
On another level, the official highlighted the strategic role of the national entrepreneurship and innovation days in promoting investment, which will be organized from November 29 to 30 at the UTICA headquarters.
The objective of this meeting is to encourage businessmen to invest in the industrial sector while paying particular attention to young promoters.
Wiem Thebti
Africanmanager.com
Published on November 11, 2011.
Posted online on November 12, 2011.
Indeed, some measures have been taken by the Ministry of Finance to promote regional development. According to the representative of the ministry, new projects that will be created will benefit from the collection of the ceiling of release bonus. A bonus of 25% will be granted to these projects, particularly in inland areas, with a ceiling of 2.5 MD.
Also, these projects could benefit from the full coverage of the employer's contribution to the social security system for a period of 10 years. Similarly, the state covered the infrastructure costs, which could reach 85% for this type of project.
In the same context, it was announced that the State has taken other measures to encourage new promoters and SMEs, by raising the ceiling for these projects to 5 MD instead of 10 MD
To maintain jobs, the State also covered the social contribution and 10% of the interest rate, allowing affected businesses to continue their activities and maintain their jobs.
On the other hand, changes have been introduced in the scope of intervention of venture capital companies (SICAR) and the common venture capital fund. Today, the scope of 40 SICARS is no longer limited to projects set by law. On the contrary, it is expanding to cover all areas except the stock market. The ultimate goal is to absorb the unemployment rate.
In fact, before the promulgation of the relevant decree-law, SICARS were only authorized to intervene in areas that could give rise to targeted tax benefits, namely regional development.
Ferid Ettounsi, CEO of APII, announced that the number of industrial projects declared to APII increased to 3249 projects during the 10 months of 2011, achieving a growth of 3.6%. According to him, the dynamics of upgrading Tunisian industry shows great vitality, as evidenced by the increase in investment volume to 2.5 MD.
The number of approved applications has increased to 269 applications, a considerable increase of 35% compared to 2010.
However, a slight regression was noted in job creation, knowing that Tunisians' investment intentions fell by 40%.
On another level, the official highlighted the strategic role of the national entrepreneurship and innovation days in promoting investment, which will be organized from November 29 to 30 at the UTICA headquarters.
The objective of this meeting is to encourage businessmen to invest in the industrial sector while paying particular attention to young promoters.
Wiem Thebti
Africanmanager.com
Published on November 11, 2011.
Posted online on November 12, 2011.
