Belmont-Donnington-Kelvin-Westondale
Belmont-Donnington-Kelvin-Westondale is a Special Economic Zone located in Bulawayo, Zimbabwe, established in 2019, with ZIDA (designation); zone developer/operator permits listed as its governing authority.
Key Facts
| Type | Special Economic Zone |
|---|---|
| Location | Bulawayo, Zimbabwe |
| Year Established | 2019 |
| Companies | 3 |
| Governing Authority | ZIDA (designation); zone developer/operator permits |
Recorded Benefits and Incentives
Zero-rated Corporate Income Tax for the first 5 years, Special Initial allowance of 50% of cost from year one and 25% in the subsequent two years, Specialized expatriate staff will be taxed at a flat rate of 15%, Exemption from Non-residents withholding tax on fees on services that are not locally available, Exemption from Non-residents withholding tax on Royalties, Exemption from Non-residents withholding tax on Dividends, 100% customs duty rebate on all imported raw materials, equipment and machinery, Exempt from the requirement to obtain import and export permits, Investor facilitation and after care services across all Government entities and agencies
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 ZIDA (designation); zone developer/operator permits 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: Zero-rated Corporate Income Tax for the first 5 years, Special Initial allowance of 50% of cost from year one and 25% in the subsequent two years, Specialized expatriate staff will be taxed at a flat rate of 15%, Exemption from Non-residents withholding tax on fees on services that are not locally available, Exemption from Non-residents withholding tax on Royalties, Exemption from Non-residents withholding tax on... Verify eligibility and current terms with the zone authority.