Belmont-Donnington-Kelvin-Westondale
Belmont-Donnington-Kelvin-Westondale is a Special Economic Zone located in Bulawayo, Zimbabwe, established in 2019, with Bulawayo City Council listed as its governing authority.
Key Facts
| Type | Special Economic Zone |
|---|---|
| Location | Bulawayo, Zimbabwe |
| Year Established | 2019 |
| Area | 200 hectares |
| Companies | 3 |
| Governing Authority | Bulawayo City Council |
| Status | operational |
Recorded Benefits and Incentives
Corporate income tax is zero-rated for the first five years. A special initial allowance provides 50% of cost in year one and 25% for the next two. Expatriate staff face a 15% flat tax rate. Non-residents are exempt from withholding tax on non-locally available service fees, royalties, and dividends. A 100% customs duty rebate applies to imported raw materials, equipment, and machinery. Entities are also exempt from import and export permit requirements and receive investor facilitation services.
Verify eligibility and current terms with the zone authority.
About Belmont-Donnington-Kelvin-Westondale
The Belmont-Donnington-Kelvin-Westondale Special Economic Zone, established in 2019, operates under the authority of the Bulawayo City Council. This SEZ offers attractive incentives for businesses and investors. Key benefits include zero-rated Corporate Income Tax for the first five years of operation. Furthermore, investors can claim a Special Initial Allowance of 50% of the cost in the first year, followed by 25% in each of the subsequent two years. The zone also provides a flat tax rate for specialized expatriate staff, enhancing its appeal for international talent and investment.
Frequently Asked Questions
What type of zone is Belmont-Donnington-Kelvin-Westondale?
Belmont-Donnington-Kelvin-Westondale is a Special Economic Zone.
Where is Belmont-Donnington-Kelvin-Westondale located?
Belmont-Donnington-Kelvin-Westondale is located in Bulawayo, Zimbabwe.
When was Belmont-Donnington-Kelvin-Westondale established?
Belmont-Donnington-Kelvin-Westondale was established in 2019.
Which governing authority is listed for Belmont-Donnington-Kelvin-Westondale?
SEZ Explorer records Bulawayo City Council as the governing authority for Belmont-Donnington-Kelvin-Westondale. Confirm its current jurisdiction and remit with the authority.
Which benefits and incentives are recorded for Belmont-Donnington-Kelvin-Westondale?
SEZ Explorer's current record lists: Corporate income tax is zero-rated for the first five years. A special initial allowance provides 50% of cost in year one and 25% for the next two. Expatriate staff face a 15% flat tax rate. Non-residents are exempt from withholding tax on non-locally available service fees, royalties, and dividends. A 100% customs duty rebate applies to imported raw materials, equipment, and machinery. Entities are also exempt from... Verify eligibility and current terms with the zone authority.