Sawakin Tourist Village Project
|Site||Red Sea State|
|Cost||€ 3 million|
|Contact|| Ministry of Tourism and Wildlife – Projects’ Department
Tel :+249 83471417
Fax :+249 83472854
|Remarks|| The country with its vast natural resources, reasonable infrastructure and marked political stability has promulgated an investment legislation that offers a number of privileges and incentives. The business profit tax was reduced from 35% to 15% on the services sector, 10% on the industrial sector and 0% on the agricultural sector.
In addition, these rather low rates are applied after one-year of the inception of the project. By allowing investors to freely repatriate their profits and import of capital goods free of custom duties, Sudan stands as an investment haven.