1. The New Investment Framework
In Tunisia
October, 10th London

2. Towards a New Development Model
New Investment Law
Tunisia Investment Authority

3. 2016-2020 Socio Economic Development Plan pillars
towards a New development model : General Background
Socio Economic Development Plan pillars
Speed up the implementation of good governance
Diversified economy with high employment content
Improve business climate
Improve export capacities & further integration into the world economy
Promote digital economy as a vector of development
From a low-cost economy to an economic hub
Human development
& social inclusion
Fulfilling the ambitions of the regions
Green economy a driver of sustainable development
Improve the living conditions
Enhance the efficiency of social policies
Boost complementarity components of the education system
reinforce the citizenship spirit among youth
Strengthen the capacities of the regions and enhancing their attractiveness
Improve living conditions
Reduce disparities and interconnecting the regions
Implement the principle of positive discrimination
Fair land management respectful of ecological balances
Optimize natural resources management
Use clean production means 3 4 5 1 2

4. Other Ratios and economic indicators
towards a New development model : Enhancing Economic Indicators
(% at constant prices)
GDP growth
Investment Growth
4.0
9.0
2020
24%
64%
40%
Other Ratios and economic indicators
Investment rate of GDP
Private investment in total investment
Export ( % of GDP)

5. Logistics Framework Law
towards a New development model : Reforms
Exchange System
Customs Code
Fiscal Incentives Law
Logistics Framework Law
Start-up Act
Investment Law
Competetion Law
Banking Law
Venture Capital code
PPP Law
Completed
Underway

6. Towards a New Development Model
New Investment Law
Tunisia Investment Authority

7. Private Public Debates Value added activities Sustainable Development
2. new investment law
Benchmark
Studies
Seminars
Private Public Debates
Regional Development
Value added activities
Employment and Skills
Sustainable Development

8. 2. new investment law : Characteristics
Unique Interlocutor: TIA
Fast Track
Short deadlines
Traceability: Integrated Information System
Deletion of Authorizations
Recruitment of foreign skills
Access to land for investment (non-agricultural)
25 articles
3 decrees
1 decree for authorizations
Faster
Guarantees according to international standards
New Dispute Resolution Framework: Conciliation and Arbitration
Protection of intellectual property
Financial incentive system more encouraging compared to Benchmark
Tax Framework more incentive
Simplier
More openness
Investment law
More guarantees
More incentives

9. 2. new investment law : New Framework of Investment In Tunisia
Entry into force :
April 1st 2017
25 ARTICLES
General provisions
Market Access
Investor’s Guarantees & Obligations
Investment Governance
Grants and Incentives
Dispute Settlement
Transitional and final provisions
Tunisian Investment Fund
High Investment Council
Tunisia Investment Authority

10. 10 days 60 days 90 days 180 days Simple and clear Deadlines
2. new investment law : Acess to Market
Simple and clear
Unique interlocuteur
for investors
"SILENCE COUNTS AS
ACCEPTANCE" for administration
Cancellation of entry authorizations related to economic activity
(27 activities)
Freedom of investment
principle
Deadlines are limited
Appeal authorities are identified
Deadlines
The investment is free.
Foreign investors can freely transfer abroad their funds in foreign currency in accordance with applicable change legislation.
Setting the deadlines of authorisations
Requirement to justify the refusal
After the expiry of the deadlines, the authorisation is considered as granted
Authorisations to be granted by Tunisia Investment Authority if the administrative authority fails to reply within the deadlines
10 days
60 days
90 days
180 days
The administrative authority must invite the applicant to complete his docs
If no authorization period is indicated
If the granting of the authorization requires the intervention of an administration or the TCB
For sectors requiring authorization from the HIC (6 sectors)

11. Guarantees for the investor
2. new investment law : Guarantees and Obligations
Guarantees for the investor
Fair and equitable treatment
Protection against non-commercial risks
Guarantee of industrial and intellectual property
Free transfer of benefits abroad
Recourse to arbitration if litigation
Investor obligations
Compliance with applicable regulations on employment, social security, health, competition, consumer protection and environmental protection,
Provide accurate and complete information on investment

12. Freedom to hire more management staff
2. new investment law : Hiring Managerial Staff and Land Ownership
Freedom to hire more management staff
Employment of 30% of foreign management staff (of the total number of managerial staff) until the 3rd year. This rate is reduced to 10% from the 4th year. Beyond the percentage or the limit mentioned in the previous paragraph, the recruitment of foreign management is subject to Ministry in charge of employment approval in accordance with the labour Code.
Any enterprise is allowed to recruit foreign management up to 30% of the total number of the management staff till the end of the third year following the legal constitution of the enterprise, or starting from the date of its entry into effective production, according the enterprise's choice.
The investor is free to own, rent and exploit non-agriculture properties for the purpose of achieving direct investments operations or their extensions with respect to the the land management and urbanism Code and the land use plans.
Ownership of lands
Allow foreign investors to own non-agricultural lands for investments

13. 2. new investment law : Incentives
Investment grants
Regional Development
Priority Sectors
Economic Regimes
Infrastructure expenditure under regional development
Economic performance grants
Material investments to master modern technologies and improve productivity
Immaterial Investments
Research & Development
Employee certification training cost
Income tax rate reduced to 10 % for totally exporting companies
Total tax exemption on reinvested profits in share subscription or increases of the company capital
Total tax exemption of benefits for to companies operating in regional development zones for : 10 years (zone 1), 5 years (zone 2 ), and tax income rate of 10% after that period
Grants based on job creation capacity
Subsidy on employers’ social contribution
Wage Subsidy
Sustainable Development Grants
Regional Development areas
5 or 10 years
Totally exporting compaies
10%
Total Tax exemption of benefits or reduced income tax

14. 2. new investment law : Incentives for National Interest Projects
The investment cost is no less than 50 MD or the creation of 500 jobs within three years.
- Deduction of profits from the corporate tax base, up to ten years,
- Investment grant up to one third of the investment cost, with a ceiling of 30 MD,
- Contribution to the expenses resulting from external infrastructure works.

15. Towards a New Development Model
New Investment Law
Tunisia Investment Authority

16. Tunisia Investment Authority
Contact
About
Boards
System
Mission
Services
Tunisia Investment Authority

17. Coordination sectoral agencies
Contact
Boards
System
Mission
Services
About
Coordinate with sectoral agencies to ensure consistency of actions encouraging private investment
Unique interlocutor, identification of potential investors, assistance, monitoring, after care
Simplify and harmonize procedures for the investor in coordination with other relevant agencies & administrations
Ensure compliance with deadlines and standardize the treatment of investment projects
Coordination sectoral agencies
Interlocutor
Unique
Investment
Policies
and Reforms
A force of proposals in terms of strategy, investment policies and reforms, in consultation with the private sector

18. Technical Departments
Contact
System
Mission
Services
About
Boards
Technical Departments
Authority’s Council
Strategic council
Investment Policies and Reforms
Assistance to Investor
Incentives
Support …
Ensures the proper functioning of the administrative management and the implementation of its general policy.
Evaluation of the business climate
Recommendations concerning the strategic choices and the public policies related to investment.
Public and Private

19. Contact System Services About Boards Mission
“The TIA is the Unique Interlocutor for local and foreign investors. With its network of partners, it positions itself as the facilitator for the concretization of investment projects through reliable information, fluid procedures and personalized support”
Mission
Excellence
Transparency
Consistency

20. Contact Services About Boards System Mission
Promotion of Industry and Innovation Agency (APII)
National Office of Tunisian Crafts (ONA)
Promotion of Agricultural Investments Agency (APIA)
Export Promotion Center (CEPEX)
- Launching of a national digital platform that aims to bring together investment agencies, local authorities and government departments to reduce deadlines and simplify business procedures.
- Digitalization of the Business legal Registration procedure which aims to introduce a faster, more transparent and more uniform system for registering a business
National Office of Tunisian Tourism (ONTT)
Foreign International Promotion Agency (FIPA)

21. 04 06 01 02 05 03 Contact Services About Boards System Mission
Investment Declaration
Authorization
request
Legal constitution
Incentive request
Claims/
Requests
National Interest Projects

22. Tunisia Investment Authority
Contact
Services
About
Boards
System
Mission
Tunisia Investment Authority

23. Thank You