The Tunisian Investment Authority is a government agency responsible for promoting and facilitating investment in Tunisia. Established in 1993, the agency has been instrumental in attracting international investors to the country. Its mission is to provide a one-stop-shop for investors, offering a range of services including financial advice, project evaluation, and assistance with legal and regulatory compliance.
Since its inception, the Tunisian Investment Authority has played a key role in driving economic growth in Tunisia. The agency has helped to attract significant international investment, particularly in the manufacturing and services sectors. This funding has created jobs and boosted the country’s GDP, making Tunisia a more attractive destination for investors.
Investors looking to do business in Tunisia should consider working with the Tunisian Investment Authority. The agency’s expertise and experience can help ensure a smooth and successful funding process.
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Policies and laws
The TIA has several policies and laws in place that are designed to encourage foreign funding in the country. These policies include tax incentives, streamlined procedures for obtaining permits and licenses, and a commitment to protecting the rights of foreign investors.
One of the key policies of the TIA is its commitment to providing tax incentives to international investors. These incentives include exemptions from certain taxes and duties, as well as reduced rates for other taxes. In addition, the TIA has streamlined the process for obtaining permits and licenses, making it easier for foreign financiers to do business in Tunisia.
Another important policy of the TIA is its commitment to protecting the rights of foreign investors. The agency has established several legal protections for foreign financiers, including the right to repatriate profits and the right to seek international arbitration in the event of a dispute with the government or other parties.
Cooperations with other entities
The authority has successfully partnered with a variety of businesses across multiple industries. These partnerships have been mentioned below.
Companies
The cooperation between businesses and TIA has resulted in significant economic growth and job creation within Tunisia. One notable partnership is with the German automotive manufacturer, Volkswagen. In 2020, Volkswagen announced plans to invest over $1 billion in a new factory in Tunisia, which is expected to create thousands of jobs and boost the country’s automotive industry.
Additionally, the agency has collaborated with several technology companies, including Microsoft and Huawei. These partnerships have resulted in the establishment of new research and development centers within Tunisia, which have contributed to the country’s growing reputation as a hub for innovation and technology.
Foreign investors
The Tunisian Investment Authority has been successfully attracting foreign financiers to cooperate with them. These investors come from a diverse range of countries, including France, Germany, and Japan. The cooperation between foreign financiers and the unit has led to the creation of new jobs and the establishment of new businesses in Tunisia.
Foreign investors have shown a great deal of interest in the Tunisian market due to its strategic location, highly skilled workforce, and favorable fiscal climate. The Tunisian Investment Authority has been providing these financiers with all the necessary information and assistance needed to invest in Tunisia. This has resulted in a significant increase in foreign funding in the country.
Top services of TAI
To encourage funding in the nation, TIA provides several services. The TIA primarily offers the following services:
Investment promotion facility
The TIA offers funding promotion services to potential financiers. This contains providing information on fiscal opportunities, legal and regulatory frameworks, and assistance with project identification and development. The agency also organizes investment forums and roadshows to showcase investment opportunities in the country.
Support of investment
The division provides support for financial projects through its aftercare services. The unit assists with obtaining permits and licenses, as well as support with project implementation and management. The TIA also offers a range of incentives to investors, including tax breaks and subsidies.
Financial services
It offers a range of financial services to support venture projects. This means giving access to finance through partnerships with local banks and financial institutions, as well as offering guarantees and insurance to financiers.
Support for innovation
The agency provides support for innovation and technology transfer through its technology and innovation services. It assists with research and development, as well as support for technology transfer and commercialization.
In broad terms, those wanting to invest in Tunisia can benefit from the TIA. With a wide range of services and incentives, it attracts foreign funds and helps financiers at every step of funding.
