Competitive
🔹
In Senegal,
investment is supported by an attractive incentive policy based on regularly updated legal,
fiscal and customs systems. Tax relief, guarantees and benefits are provided to investors through the new Investment Code,
the Export Free Business Regime and the BOT Act.
🔹
A modern single window centralizes, facilitates and accelerates the administrative formalities.
🔹
This status is granted to companies that export at least 80% of their production.
Agriculture in the broad sense, industry and tele-services are the sectors eligible for EFE status.
🔹
Several advantages are granted to the companies, in particular the reduction of the corporation tax (15%), the exemption from the tax on the wages,
the registration and stamp duties,
the contribution of the patents,
the exemption from duties and taxes on production equipment and raw materials,
and more.
🔷
RENOVATED
🔹
Senegal
has adopted a new investment code that provides specific incentives to boost investment in key sectors such as agriculture and agri-food,
fisheries,
livestock and related industries,
manufacturing, tourism,
and mining, among other sectors. Investment incentives include, but are not limited to:
Customs duty exemptions (over 03 years);
A suspension of VAT
(over 03 years)
; and Tax credits of 40% for the eligible investment and deductible within 5 years;
🔹
A free export company status for agriculture, industry and telecom companies drawing at least 8% of their export turnover.
Export Free Business Status
INTEGRATED
🔷
Senegal
is a member of the
West African Economic
and Monetary Union (UEMOA),
a regional organization of 8 countries and 112 million inhabitants, representing a market of 90 million consumers,
whose mission is to promote economic integration by strengthening the competitiveness of their economies in an open and competitive market and a harmonized legal environment.
🔷
Senegal
is also a member of the Economic Community of West African States (ECOWAS),
a regional bloc of 15 countries
(approximately 360 million inhabitants)
to promote economic integration in various sectors,
including transport. ,
energy,
industry,
agriculture,
natural resources and trade.
🔷
As an important member of the above economic blocks, and thanks to its strategic position,
Senegal is a gateway to a large market of more than 300 million consumers in Africa.
🔹
Member of:
West African Economic and Monetary Union (UEMOA);
The Economic Community of West African States (CEDEAO);
The African Union (AU);
The Organization for the Development of the Gambia River (OMVG);
And the Organization for the Development of the Senegal River (OMVS).
🔹
Privileged
🔹
Senegal
enjoys preferential access to European (EU / ACP), American
(AGOA)
and Canadian
(Canadian initiative)
markets. 🔹
These measures make it possible to export consumer goods without quotas and duty-free or at lighter rates.
🔹
Accessible
🔹
Senegal
is less than 5 hours from Europe and 7 hours from the United States,
by plane. 🔹
Dakar
is at the crossroads of many shipping routes and presents a real comparative advantage for ocean freight.
The link takes less than 6 days for Europe,
and 7 days for the United States. 🔹
The port of Dakar
offers quality logistical services and a direct link with the train and major highways.
