Belmont-Donnington-Kelvin-Westondale
Belmont-Donnington-Kelvin-Westondale is a Special Economic Zone located in Bulawayo, Zimbabwe, established in 2019, regulated by the Bulawayo City Council.
Key Facts
| Type | Special Economic Zone |
|---|---|
| Location | Bulawayo, Zimbabwe |
| Year Established | 2019 |
| Area | 200 hectares |
| Companies | 3 |
| Governing Authority | Bulawayo City Council |
| Status | active |
Investment 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
Sector Focus
Belmont-Donnington-Kelvin-Westondale hosts businesses specialising in Manufacturing and Textiles.
About Belmont-Donnington-Kelvin-Westondale
The Belmont-Donnington-Kelvin-Westondale SEZ focuses on manufacturing, particularly in textiles and consumer goods. It aims to boost local production and create employment opportunities.
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.
Who regulates Belmont-Donnington-Kelvin-Westondale?
Belmont-Donnington-Kelvin-Westondale is regulated by the Bulawayo City Council.
What sectors operate in Belmont-Donnington-Kelvin-Westondale?
Belmont-Donnington-Kelvin-Westondale hosts businesses in Manufacturing and Textiles.
What are the investment incentives at Belmont-Donnington-Kelvin-Westondale?
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...