After the presentation by the Minister of Justice and Keeper of the Seals, Rose Mutombo, the bill ratifying Ordinance Law No. 23/021 of September 11, 2023, modifying and supplementing Law No. 11/022 of July 7, 2014 establishing the regime of Special Economic Zones (SEZs) in the Democratic Republic of Congo was voted by the Upper House of Parliament.
This decision was welcomed with satisfaction by the Minister of Industry, Julien Paluku Kahongya, who affirms that this new law makes the DRC more competitive and provides greater security for investors. Indeed, the tax, parafiscal and customs advantages granted by Special Economic Zones are now introduced into a formal law, which strengthens the confidence of national and foreign investors.
Minister Paluku explains that this law on the Special Economic Zones regime is the latest reform assigned by the Business Climate Unit to the Ministry of Industry. This measure aims to create a favorable environment for investment and promote the economic development of the country.
Special Economic Zones are geographically delimited areas where companies can benefit from advantageous tax and regulatory conditions to encourage investment and stimulate economic growth. These areas also offer quality infrastructure, logistics services and a qualified workforce, making them attractive territories for companies wishing to set up in the DRC.
By ratifying this law, the DRC positions itself as a major player in the promotion of investment and industry on the African continent. Thanks to Special Economic Zones, the country can attract national and foreign investments, create jobs, promote technology transfer and contribute to the diversification of its economy.
The ratification of this law on Special Economic Zones in the DRC is an important step in the economic development of the country. It demonstrates the Congolese government’s commitment to creating a climate favorable to investment and promoting economic growth. Investors can now benefit from solid legal and tax guarantees, which strengthens their confidence and encourages their participation in the country’s development.
In conclusion, the ratification of the law on Special Economic Zones in the DRC constitutes a major step forward for the country. It will boost investment, create jobs and diversify the economy. The DRC is thus positioning itself as an emerging economic player on the African continent and offers new opportunities to national and foreign investors.