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Designated Special Economic Zones
I. Victoria Falls
Opportunities:
Construction of convention centres
Construction of hotel accommodation
Medical tourism
Financial services hub
Shopping centres and tourist activities
II. Harare — Sunway City
Opportunities:
Information and telecommunications
Industrial park
Manufacturing hub
Logistics
Medical park
III. Bulawayo
Opportunities:
Engineering
Leather and textile
Minerals beneficiation
Agro-processing
Manufacturing
Power generation
Heavy and light industries
Logistics
IV. Beitbridge
Opportunities:
Logistics hub
Bonded warehouses
Solar power generation
Manufacturing
Minerals beneficiation
Agro-processing
V. Mutare — Fernhill
Opportunities:
Manufacturing
Precious minerals beneficiation
Agro-processing
Tea and coffee plantations
Incentives
1. Zero-rated Corporate Income Tax for the first five years of operation with a corporate tax rate of 15 percent applying thereafter.
2. Special initial allowance of 50 percent of cost from year one and 25 percent in the subsequent two years.
3. Specialized expatriate staff will be taxed at a flat rate of 15 percent.
4. Exemption from non-residents withholding tax on fees on services that are not locally available
5. Exemption from non-residents withholding tax on royalties.
6. Exemption from non-residents withholding tax on dividends
7. 100 percent rebate on customs duty for all imported equipment, machinery and raw materials. — https://www.zidainvest.com/
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