Businesses that invest in the national economy will be exempted from tax for a certain period described in the relevant projects.
Algeria also allows the formation of domestic and foreign companies, but international companies are only allowed to have a representative office.
The Algerian government allows the incorporation of the following types of companies: Joint company; This is a partnership entity, it also requires at least two partners and does not require a minimum capital.
Economic stability with deep wells of black liquid gold, Algeria has enjoyed strong economic performance for years.
Algeria’s special sector development, with a hydrocarbon safety cushion, actively diversify its economic sectors.
Algeria plans to develop the following industries: metalworking, electrical appliances, mechanics and automobiles, drug production, aerospace, shipbuilding and repair, food processing, clothing, wood products and mining. Tourism and agriculture are other special sectors in the development pipeline.
Newer industries that attract the younger generation are renewable energy and technology development. In the case of Algeria, the country is ready to offer tax exemptions for up to ten years. Although this depends on the location and size of the project involved. If you want to set up a company in Algeria, you can get other benefits such as: reduction of social security fund contribution by attracting young job seekers, lifetime tax exemptions for projects. or export businesses 5years tax exemption for companies, profit tax, global income tax and turnover tax for certain industries mentioned above. In attracting investment for the development of its sectors, Algeria will help you financially in every way possible.
Domestic or foreign small and medium enterprises are welcome to inquire about investment funds and credit guarantee funds.
Studying in Algeria is compulsory. Therefore, this country has a high literacy rate. You can have the option of hiring young professionals as well as skilled labor.
Another bonus for hiring companies is that labor wages are competitive in Algeria
Business advantages Investors who want to set up a company in Algeria can take advantage of the following advantages: Algeria is the largest gas exporter in Africa.
