Afghanistan introduces new incentives for foreign investors

News & Insights
Jul 22, 2013

Amid an uncertain peace process and the gradual withdrawal of US and NATO forces, Afghanistan’s government has announced a set of measures intended to woo foreign investors to the country, according to Al Jazeera.

The incentives include providing land at almost no cost to industrialists, seven-year tax exemptions for factory owners and 10-year, low-interest loans for farmers, as well as one-year multiple entry visas.

These incentives could encourage for foreign investment in some sectors, such as manufacturing. But the Afghan parliament has yet to pass a new mining law, which is essential if the country is to attract outside companies to exploit its mineral and hydrocarbon resources.