Law No. 1/19 of June 17, 2021 amending the Investment Code of Burundi, investment sectors and incentive regime
In forceEffective 2021-06-17 · Applies to both
Burundi's Investment Code, as revised by Law No. 1/19, has the object of promoting and facilitating investment and exports in Burundi (Article 1) and applies to investments and exports, the management of investment-facilitation structures including Special Economic Zones, investments under public-service or public-goods concessions, and the coordination of other state investment-promotion structures (Article 2).
Article 3 lists the investment sectors the Code governs, including sporting, energy, port, airport and railway infrastructure; commercial complexes, industrial parks, cyber-villages and artisanal centres; and services in the health, information and communication technology (ICT), transport, and education and training sub-sectors.
Article 4(14) defines a Special Economic Zone (Zone Economique Spéciale, Z.E.S.) as a geographically delimited space carrying a distinct customs and fiscal regime that makes it more attractive to domestic and foreign investment.
During the validity of an eligibility certificate, Article 17 grants a qualifying investor exemption from transfer duties on acquiring land or a building; exemption from value-added tax and customs duties on construction materials, equipment and production inputs; and a corporate income tax rate reduced to 5% in the first year of profit, rising by five points a year to 25% in the fifth year, before reaching the standard 30% rate thereafter.
Article 41 repeals prior contrary provisions and Article 42 states the law enters into force on the day of its promulgation.
Source: Full text of law