{"id":276,"date":"2013-08-07T16:33:38","date_gmt":"2013-08-07T16:33:38","guid":{"rendered":"http:\/\/afrifacto.com\/burundi\/free-zones-in-burundi-2\/"},"modified":"2014-06-02T17:08:17","modified_gmt":"2014-06-02T17:08:17","slug":"free-zones-in-burundi-2","status":"publish","type":"page","link":"https:\/\/afrifacto.com\/burundi\/free-zones-in-burundi-2\/","title":{"rendered":"Free Zones in Burundi"},"content":{"rendered":"<p>The free zone regime was established in 1992 with the Legislative Decree 1\/3. The latest amendments to the Act were adopted in 2001 with the law 1\/015 and in 2002 with the Ministerial Order 750\/649. The regime gives legal status to companies who automatically qualify for a set of tax and customs exemptions. The regime has the distinction of being organized as a legal unlimited geographical area. Free zone companies are divided by sector and are referred to as free companies in the industrial, commercial, services or agricultural sectors.<\/p>\n<p><strong>The main criteria for eligibility are:<\/strong><\/p>\n<ul>\n<li>The export of all production<\/li>\n<li>Creation of substantial added value<\/li>\n<li>Compliance with environmental, health and safety regulations<\/li>\n<li>The importation or re\u2013export after further processing or packaging of imported products can be based on a list established by the Minister responsible for the free zones.<\/li>\n<\/ul>\n<p><strong>The main benefits of the free zone are:<\/strong><\/p>\n<ul>\n<li>Full exemption from corporate tax for the first ten years of operation and payment of a reduced rate of 15% thereafter<\/li>\n<li>Tax exemption on dividends for an unlimited period<\/li>\n<li>Right to repatriate capital and income<\/li>\n<li>Permission to have foreign currency bank deposits<\/li>\n<li>More flexible labor regulations than that provided in the Labor Code<\/li>\n<li>Imports of businesses located in these zones are exempt from all duties and taxes, direct or indirect, without an import license<\/li>\n<li>The regime also applies to duties on exports.<\/li>\n<\/ul>\n","protected":false},"excerpt":{"rendered":"<p>The free zone regime was established in 1992 with the Legislative Decree 1\/3. The latest amendments to the Act were adopted in 2001 with the law 1\/015 and in 2002 with the Ministerial Order 750\/649. The regime gives legal status to companies who automatically qualify for a set of tax and customs exemptions. The regime [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"parent":0,"menu_order":34,"comment_status":"closed","ping_status":"closed","template":"","meta":{"footnotes":""},"class_list":["post-276","page","type-page","status-publish","hentry"],"blocksy_meta":{"styles_descriptor":{"styles":{"desktop":"","tablet":"","mobile":""},"google_fonts":[],"version":8}},"jetpack_sharing_enabled":true,"jetpack_shortlink":"https:\/\/wp.me\/P4Xm5Y-4s","_links":{"self":[{"href":"https:\/\/afrifacto.com\/burundi\/wp-json\/wp\/v2\/pages\/276","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/afrifacto.com\/burundi\/wp-json\/wp\/v2\/pages"}],"about":[{"href":"https:\/\/afrifacto.com\/burundi\/wp-json\/wp\/v2\/types\/page"}],"author":[{"embeddable":true,"href":"https:\/\/afrifacto.com\/burundi\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/afrifacto.com\/burundi\/wp-json\/wp\/v2\/comments?post=276"}],"version-history":[{"count":0,"href":"https:\/\/afrifacto.com\/burundi\/wp-json\/wp\/v2\/pages\/276\/revisions"}],"wp:attachment":[{"href":"https:\/\/afrifacto.com\/burundi\/wp-json\/wp\/v2\/media?parent=276"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}