Hon. Minister Dr. Musa Qassim Omer Minister for Trade & Investment Republic of Somaliland 14 October, 2014 M INISTRY OF T RADE & I NVESTMENT R EPUBLIC OF S OMALILAND

 Security and democracy  Sound regulatory reforms & aggressive policies  Open and ready for investment  Prepared swift registration process  Provided attractive promotional tax incentives  Abundant natural resources  Strategic location in the horn of Africa and Middle East 2

 “A stable, democratic and prosperous country where the people enjoy a high quality of life.”  Somaliland National Development Plan  “A stable, democratic and prosperous country where the people enjoy a high quality of life.”  Somaliland National Development Plan

Main ExportsMain Imports  Livestock,  Hides & Skins  Frankincense  Fish  Food, sugar & oil  Building material  Fuel  Clothes  Chemicals

Sector Contribution to GDP Agriculture 59% Industry 7% Services 34%

Production Sector Service Sector 1.Livestock 2.Agriculture 3.Fish 4.Mining and Oil 5.Frankincense and Gums 1.Livestock 2.Agriculture 3.Fish 4.Mining and Oil 5.Frankincense and Gums 1.Financial Sector 2.Insurance 3.Tourism 4.Archeology 5.Energy

Agriculture Livestock Manufacturing

Frankincense Fish Mining

Tourism Archeology Energy

Do not pay taxes for the first three years Next 3 years entitled to 50% tax reduction Import equipment & material duty free

Capital Repatriation  Profits can be freely repatriated  Initial investment can be repatriated after3 years Investment Protection  Investment not to be expropriated unless absolutely essential in public interest  Shall be compensated if at all expropriated

Types of Visa  Single Visa  Multiple Visa Application Process  On arrival process  Pre-applied process

 Income tax 5%  Tax on profit 10%  Sales tax 5%  Fixed asset registration tax 2%

 No minimum wage  No collective union bargaining  Speedy permit for foreign workers  Foreign workers able to repatriate up to 50% of their salaries

Names of the Investors 1. Jabir-Saudi Arabia 2. Genel Energy 3. RaKGas (EX Ophir Blocks) 4. DNO 5. Ansan Wikfs 6. Enpetro energy 7. Guangzhon dongsong energy 8. Swedleone Company LTD 9. Prime Africa Investment Activity 1. Livestock 2. Oil and Gas exploration 3. Oil and Gas exploration 4. Oil and Gas exploration 5. Oil and Gas exploration 6. Renewable energy 7. Mining 8. Mining 9. Free zone establishment

 Foreign Investment Law  Somaliland Investment Guide Book  Technical relevant laws  National Development Plan

 Ministry of Trade and Investment  Investment Office  One-Stop-Shop  Chamber of Commerce  Ministry of Energy and Minerals  Ministry of Foreign and International Cooperation  Ministry of Industry  Ministry of National Planning and Development  Ministry of Trade and Investment  Investment Office  One-Stop-Shop  Chamber of Commerce  Ministry of Energy and Minerals  Ministry of Foreign and International Cooperation  Ministry of Industry  Ministry of National Planning and Development