Non-Fiscal Incentives

Non-fiscal incentives are as follows:

  1. Employment Of Foreign Nationals
    A registered enterprise may be allowed to employ foreign nationals in supervisory, technical or advisory positions for five (5) years from date of registration. The position of President, General Manager and Treasurer of foreign-owned registered enterprises or their equivalent shall however not be subject to the foregoing limitations.
     
  2. Simplification of customs procedures for the importation of equipment, spare parts, raw materials and supplies and exports of processed products.
     
  3. Importation of consigned equipment for a period of 10 years from date of registration, subject to posting of a re-export bond.
     
  4. The privilege to operate a bonded manufacturing/trading warehouse subject to Customs rules and regulations.