Investeringswet 2001 (Investment Law 2001)
In forceApplies to both
Article 3 confines the incentives this law creates to investments in the sectors of agriculture, animal husbandry, fisheries, aquaculture, mining, forestry, tourism (excluding the establishment and operation of casinos), industry, trade, construction, services, and professional transport, without naming information technology or data infrastructure as a distinct sector.
Article 4 allows an enterprise to freely depreciate a qualifying investment in a business asset worth at least the equivalent of US$5,000. Article 9 exempts profit from income tax for the year an eligible new enterprise begins operating and the following nine years, subject to conditions set by state decree on invested capital and jobs created.
Articles 10 and 11 exempt qualifying imported business assets, and locally produced business assets or goods used to make them, from import duty and turnover tax. Article 16 establishes Investsur, the Institute for the Promotion of Investments, to administer applications for these facilities, a body the law describes as created by a companion law dated the same day.
The law's own date is 3 June 2002; an application process runs through Investsur and a sector minister, and the operative text does not separately state the date on which the law's provisions entered into force.
Source: Full text of law