Somali Business Investment Council, Somalia (SBIC) Somali Business and Investment Council Marketing M Saline West Street, Algamil Building, Djibouti Somalia Tel: +253-35 46 48 Web: www.somaliinvestment.com SBIC was established and licensed on 27-12-2007 in the republic of Djibouti to foster…
Development partners with Somalia include; United States Agency for International Development (USAID) African Development BankGroup United Nations Educational, Scientific and Cultural Organization (UNESCO) World Health Organisation (WHO) United Nations Mission to Somalia (UNSOM)
The key exports of Somalia include; Agricultural Sheep (61%) Bovines Livestock Oil seeds (4%) Forestry Wood charcoal Trade partners Saudi Arabia (58%) United Emirates Yemen Oman Lebanon Qatar
The security situation in the country has prevented the exploitation of the investment opportunities in different sectors include the following; Fishery Fishing and fish processing Agriculture Sector Sugar processing Establishing cotton ginning company Processing animal feeds Education Sector The investment…
Natural resources of Somalia include; Oil reserves Somalia one billion barrels of oil reserves in the Yemeni region but not yet exploited Natural gas Proved reserves of natural gas are estimated to 5.663 billion cu meters in the country. Other…
Its main trading partners are; Italy The former USSR China Kenya Kuwait Saudi Arabia
Foreign Investment Incentives in Somaliland Tax incentives Foreign investment shall not pay tax on profits for the first three years, after which it shall be entitled to 50% reduction on tax on profit Machinery, equipment and material shall be exempt…
Guarantee for Foreign investment in Somalia Foreign investment enterprises shall receive the same favourable treatment as domestic enterprise. Foreign investment shall not be expropriated except where public interest cannot be satisfied other than expropriation, in which case, compensation shall be…
Somalia has double taxation agreement with the following countries; Mauritius Tanzania Uganda Burundi Kenya Treaty not ratified Rwanda
Development partners with Somalia include; United States Agency for International Development (USAID) African Development Bank Group United Nations Educational, Scientific and Cultural Organization (UNESCO) World Health Organisation (WHO) United Nations Mission to Somalia (UNSOM) Click to access 2013-2015%20-%20Somalia%20-%20Addendum%20to%20Country%20Brief.pdf …