Introduction of a Registration Certificate for Food Processing activities

The following are qualifying criteria for the Registration Certificate:

a. A company that has started its operations on or after 8 June 2017 and is running a food processing plant for food processing activities and for the manufacture of products from agricultural and medicinal plants and herbs either as intermediate goods or finished products;

b. The process of producing the goods should involve a value-addition of not less than 20% of the ex-factory costs of the finished product;

c. Goods intended for export are required to satisfy the rules of origin of preferential markets; and

d. At least 50% of the final goods manufactured by the company should be exported after 2 years as from the date from which the company starts its operation.

Registered certificate holders benefit from the following:

• Income Tax Holiday for 8 years of operation;
• Exemption from payment Registration duty and land transfer tax for the purchase of immovable property; and
• Exemption from payment of Value Added Tax (VAT) on equipment and machinery.

HOW MITCO CAN HELP?

• Assistance with the set up of the Domestic Company
• Assistance for preparation of the necessary documents for application for Registration Certificate
• Submission of the application to the Economic Development Board (EDB)
• Follow up with the EDB
• Provision of company secretarial and administration services
• Provision of accounting & tax services

Contact details

For more information, please contact:

The Business Development Team by email bd@mitcoworld.com or phone them on + 230 404 8000.