Tunisia Investment Forum: Government Highlights Efforts to Attract and Support Investments
Minister of Finance Sihem Boughdiri Nemsia Outlines Reforms and Fiscal Incentives for Entrepreneurs
During the 21st edition of the Tunisia Investment Forum (TIF), organized by the Foreign Investment Promotion Agency (FIPA) under the auspices of the Ministry of Economy and Planning, and in partnership with the European Union, Minister of Finance Sihem Boughdiri Nemsia highlighted the Tunisian government's efforts to attract and support investments, showcasing the country's reforms and fiscal incentives for entrepreneurs.
The Minister began her speech by expressing gratitude for the support and engagement of investors in Tunisia, emphasizing the country's investment potential. She stressed that Tunisia has embarked on a comprehensive reform process to support investors, simplify administrative procedures, and modernize the regulatory framework.
Improvements have been made to fiscal incentives, targeting priority sectors such as agriculture, regional development, new technologies, energy transition, and green, blue, and circular economies. The country has also established conventions to avoid double taxation and encourage investment, ensuring fiscal security for investors.
Significant efforts have been deployed to improve infrastructure quality for investors and boost private initiative. Notable reforms mentioned include the crowdfunding law and the draft law against financial exclusion, aiming to provide financial facilities to individuals without access to traditional banking financing. A new draft code of exchange, currently under approval, seeks to liberalize foreign investment operations in Tunisia and relax exchange regulations.
Recent finance laws have introduced several measures to encourage investment in priority sectors, such as renewable energy and pharmaceutical industries. A 4-year exemption from income tax and corporate tax is now offered to encourage entrepreneurship. Additionally, tax benefits are provided for reinvested profits, further enhancing the attractiveness of these strategic sectors.
The Minister also noted that support for start-ups, dematerialization of fiscal and customs administration, and simplification of administrative procedures have been reinforced.
Regarding corruption, which has plagued the country for many years, she assured that the current Tunisian government is committed to eliminating it. The fight against corruption, accompanied by transparency and good governance, will create a favorable business climate for foreign investments.
By highlighting these efforts and initiatives, the Tunisian government aims to demonstrate its commitment to creating a conducive environment for investments, fostering economic growth, and promoting sustainable development.