{"id":1831,"date":"2023-10-18T10:46:44","date_gmt":"2023-10-18T10:46:44","guid":{"rendered":"https:\/\/goc2022.govmu.org\/mibl\/?p=1831"},"modified":"2023-10-18T10:51:16","modified_gmt":"2023-10-18T10:51:16","slug":"edb-guidelines-regarding-issue-of-investment-certificate","status":"publish","type":"post","link":"https:\/\/mibl.govmu.org\/mibl\/?p=1831","title":{"rendered":"EDB Guidelines regarding issue of Investment Certificate"},"content":{"rendered":"\t\t<div data-elementor-type=\"wp-post\" data-elementor-id=\"1831\" class=\"elementor elementor-1831\" data-elementor-post-type=\"post\">\n\t\t\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-d6f4665 elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"d6f4665\" data-element_type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-ff0fc08\" data-id=\"ff0fc08\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-2607c16 elementor-icon-list--layout-traditional elementor-list-item-link-full_width elementor-widget elementor-widget-icon-list\" data-id=\"2607c16\" data-element_type=\"widget\" data-widget_type=\"icon-list.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t<ul class=\"elementor-icon-list-items\">\n\t\t\t\t\t\t\t<li class=\"elementor-icon-list-item\">\n\t\t\t\t\t\t\t\t\t\t\t<span class=\"elementor-icon-list-icon\">\n\t\t\t\t\t\t\t<i aria-hidden=\"true\" class=\"fas fa-chevron-right\"><\/i>\t\t\t\t\t\t<\/span>\n\t\t\t\t\t\t\t\t\t\t<span class=\"elementor-icon-list-text\">The EDB Act is empowered to issue an Investment Certificate and a Premium Investment Certificate. <\/span>\n\t\t\t\t\t\t\t\t\t<\/li>\n\t\t\t\t\t\t\t\t<li class=\"elementor-icon-list-item\">\n\t\t\t\t\t\t\t\t\t\t\t<span class=\"elementor-icon-list-icon\">\n\t\t\t\t\t\t\t<i aria-hidden=\"true\" class=\"fas fa-chevron-right\"><\/i>\t\t\t\t\t\t<\/span>\n\t\t\t\t\t\t\t\t\t\t<span class=\"elementor-icon-list-text\">Depending on the Economic Activity, the Investment Certificate confers a set of incentives while the Premium Investment Certificate is issued according to requested incentives by the promoter and as may be approved.<\/span>\n\t\t\t\t\t\t\t\t\t<\/li>\n\t\t\t\t\t\t\t\t<li class=\"elementor-icon-list-item\">\n\t\t\t\t\t\t\t\t\t\t\t<span class=\"elementor-icon-list-icon\">\n\t\t\t\t\t\t\t<i aria-hidden=\"true\" class=\"fas fa-chevron-right\"><\/i>\t\t\t\t\t\t<\/span>\n\t\t\t\t\t\t\t\t\t\t<span class=\"elementor-icon-list-text\">The certificates are only issued after submission of a full fledged business plan.<\/span>\n\t\t\t\t\t\t\t\t\t<\/li>\n\t\t\t\t\t\t\t\t<li class=\"elementor-icon-list-item\">\n\t\t\t\t\t\t\t\t\t\t\t<span class=\"elementor-icon-list-icon\">\n\t\t\t\t\t\t\t<i aria-hidden=\"true\" class=\"fas fa-chevron-right\"><\/i>\t\t\t\t\t\t<\/span>\n\t\t\t\t\t\t\t\t\t\t<span class=\"elementor-icon-list-text\">A comprehensive set of incentives be provided through a multi-stage process right from submission of interest to provide comfort to investors and for the business plan and financial forecast to be structured according to the incentives<\/span>\n\t\t\t\t\t\t\t\t\t<\/li>\n\t\t\t\t\t\t<\/ul>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-bab18a2 elementor-widget elementor-widget-text-editor\" data-id=\"bab18a2\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\tThe Guidelines provide for the following \u2013 \t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-f8c877a elementor-widget elementor-widget-heading\" data-id=\"f8c877a\" data-element_type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<h4 class=\"elementor-heading-title elementor-size-default\">ISSUE OF AN INVESTMENT CERTIFICATE<\/h4>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-107b65a elementor-widget elementor-widget-text-editor\" data-id=\"107b65a\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\tAny person \/ organisation operating in the Pharmaceutical manufacturing industry shall be eligible to an Investment Certificate issued by the EDB under the EDB Act; and\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-d1130a8 elementor-widget elementor-widget-heading\" data-id=\"d1130a8\" data-element_type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<h4 class=\"elementor-heading-title elementor-size-default\">PACKAGE OF INCENTIVES<\/h4>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-95487a4 elementor-widget elementor-widget-text-editor\" data-id=\"95487a4\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<p>The holder of an Investment Certificate shall be entitled to the following incentives, namely, exemption of 8 years corporate tax, exemption from VAT, exemption from Customs Duty, exemption from Registration Duty and exemption from Land conversion tax.<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<\/div>\n\t\t","protected":false},"excerpt":{"rendered":"<p>The EDB Act is empowered to issue an Investment Certificate and a Premium Investment Certificate. Depending on the Economic Activity, the Investment Certificate confers a set of incentives while the Premium Investment Certificate is issued according to requested incentives by the promoter and as may be approved. The certificates are only issued after submission of &hellip;<\/p>\n<p class=\"read-more\"> <a class=\"\" href=\"https:\/\/mibl.govmu.org\/mibl\/?p=1831\"> <span class=\"screen-reader-text\">EDB Guidelines regarding issue of Investment Certificate<\/span> Read More &raquo;<\/a><\/p>\n","protected":false},"author":1,"featured_media":1534,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[6],"tags":[],"class_list":["post-1831","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-communiques"],"_links":{"self":[{"href":"https:\/\/mibl.govmu.org\/mibl\/index.php?rest_route=\/wp\/v2\/posts\/1831","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/mibl.govmu.org\/mibl\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/mibl.govmu.org\/mibl\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/mibl.govmu.org\/mibl\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/mibl.govmu.org\/mibl\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=1831"}],"version-history":[{"count":7,"href":"https:\/\/mibl.govmu.org\/mibl\/index.php?rest_route=\/wp\/v2\/posts\/1831\/revisions"}],"predecessor-version":[{"id":1838,"href":"https:\/\/mibl.govmu.org\/mibl\/index.php?rest_route=\/wp\/v2\/posts\/1831\/revisions\/1838"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/mibl.govmu.org\/mibl\/index.php?rest_route=\/wp\/v2\/media\/1534"}],"wp:attachment":[{"href":"https:\/\/mibl.govmu.org\/mibl\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=1831"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/mibl.govmu.org\/mibl\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=1831"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/mibl.govmu.org\/mibl\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=1831"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}