Umvumila SEZ
Umvumila SEZ is a Special Economic Zone located in Bulawayo, Zimbabwe, established in 2018, regulated by the Bulawayo City Council.
Key Facts
| Type | Special Economic Zone |
|---|---|
| Location | Bulawayo, Zimbabwe |
| Year Established | 2018 |
| Area | 130 hectares |
| Companies | 180 |
| 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
Umvumila SEZ hosts businesses specialising in Manufacturing and Agriculture.
About Umvumila SEZ
Umvumila SEZ focuses on manufacturing and agricultural production, aiming to enhance food security and create job opportunities in the region.
Frequently Asked Questions
What type of zone is Umvumila SEZ?
Umvumila SEZ is a Special Economic Zone.
Where is Umvumila SEZ located?
Umvumila SEZ is located in Bulawayo, Zimbabwe.
When was Umvumila SEZ established?
Umvumila SEZ was established in 2018.
Who regulates Umvumila SEZ?
Umvumila SEZ is regulated by the Bulawayo City Council.
What sectors operate in Umvumila SEZ?
Umvumila SEZ hosts businesses in Manufacturing and Agriculture.
What are the investment incentives at Umvumila SEZ?
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...