Incentives for strategic projects

Related topics: | Investment Incentives |

Incentives for Strategic Projects

Strategic projects are generally defined as projects involving products/activities of national importance.

They involve heavy capital investments with long gestation periods; have high levels of technology and are integrated; generate extensive linkages; and generally have significant impact on the economy.

Such projects are eligible for the following incentives:

Pioneer Status with full tax exemption at statutory income level for a period of 10 years; or
Investment Tax Allowance of 100% on qualifying capital expenditure incurred within a period of five years. The allowance can be offset against the statutory income for each assessment year without any restriction.

Applications for these incentives should be submitted to MIDA.

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