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VISIT South Sudan
The Republic of South Sudan is the world’s youngest nation. It is the 193rd member state of the United Nations and the 54th member state of the African Union. The country gained independence on 9th July 2011 following a self determination referendum in which the citizens overwhelmingly voted for total autonomy from the then Sudan. The referendum, conducted in January 2011, was one of the provisions of the Comprehensive Peace Agreement (CPA) signed in 2005. The CPA ended one of Africa’s longest civil wars in which many lives were lost. After emerging from decades of neglect and discrimination, the country is now putting all its efforts and resources to nation building.
SOUTH SUDAN TOURISM ECO TOURISM
South Sudan, the world’s newest investment destination, is Open for Investors in Tourism and Services – with a booming economy and a wealth of natural assets to support the growth of your business We see the most immediate opportunities for investors in tourism facilities, transportation services and private health & education. But we are eager to attract investors in all other sectors of commerce:
• Financial Services: banking, insurance, housing finance, etc.
• Professional services: legal, accounting, IT, engineering services, etc.
• Retail and wholesale trade
The Ministries of Wildlife Conservation & Tourism, Health and Education stand ready to assist with all aspects of business start-up and development We welcome you to South Sudan and urge you to visit other cities in South Sudan to see for yourselves! Please contact
His Excellency Salva Kiir Mayardit is the President of the Republic of South Sudan, chairman of the Sudan Peoples’ Liberation Movement (SPLM), and the Commander-in-Chief of the Sudan Peoples’ Liberation Army (SPLA). President Kiir replaced the late Dr Garang as leader of the then Government of Southern Sudan (GOSS) and First Vice President of the Republic of Sudan when the latter perished in a plane crash on 30 July 2005 after being in office for barely three weeks. He was sworn into the office of First Vice-President of the Republic of Sudan on 11 July 2005 in Khartoum. H.E. Kiir is a founding member of SPLM/A and was a close comrade-in-arms with the late Dr Garang since the inception of the liberation movement in 1983. He rose through the ranks to become the second in command of the movement and the army. He was actually the leader of the SPLA – the military wing of the movement. Due to his close comradeship with the late Dr. Garang, he is perceived as the embodiment and assurance of the future of the peace agreement spearheaded by the fallen hero. Indeed, many political analysts and opinion leaders worldwide describe him as the Biblical Joshua who took the mantle of leadership from Moses just as the Israelites were on the verge of entering Canaan and capably established the then fugitives in the Promised Land.
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Invest in South Soudan
Given the many years of civil war, South Sudan is literally being built from scratch. The road network, housing, banking sector, insurance, schools and other amenities in the huge country all need urgent attention and the focus is on the donor community, the government, and above all, commercial investors.
South Sudan is opening up to investment and private sector participation across a range of economic sectors. In addition to the priority sectors identified above, the government has designated the aforementioned and the following sectors as priority for investment:
kEYS SECTORS & PRIORITY
Agriculture & Agribusiness
South Sudan’s agricultural potential begins with over 28 million hectares of arable land available for farming. This land offers significant opportunities in animal husbandry and in a variety of crops. With ample water and sunlight and a location in the heart of Africa, South Sudan is well positioned to meet increasing demand in local, regional, and global markets. Agricultural and food
imports nearly doubled between 2006 and 2010 from $138 million to $262 million. As incomes and purchasing power rise, local demand will continue to increase and provide local outlets for agricultural goods, especially staples. The country is divided into six agro-ecological zones, each of which offers a unique climate, soil type, and solar radiation, creating opportunities across a broad range of valuable commodities.
Energy and Mineral Resources
South Sudan’s rich and largely untapped mineral resources offer unlimited potential for investors. South Sudan’s known oil reserves and recent independence create a unique opportunity for firms to establish an early presence in one of the world’s newest oil producers. The government, primarily through the Ministry of Petroleum and Mining, has taken steps to attract investment and
ease bureaucratic barriers for the industry. South Sudan’s proven reserves surpass 1.1 billion barrels, ranking it among the largest reserves in sub-Saharan Africa. The country produces Nile and Dar oil blends, which are in high demand in the Asian marketplace. Energy generation resources are also abundant, from natural gas and oil to major rivers, consistent wind and year-round sunshine. With the Nile River defining the landscape, hydroelectric power generation has high potential. Potential also exists across a network of tributary rivers.
Livestock, fisheries and Forestery
South Sudan presents a unique combination of livestock, fisheries, and forestry activities, which are marked by ample opportunity for market expansion and long-term growth. Livestock producers benefit from abundant natural pastures and fresh water. An estimated 12 million head of cattle—three varieties are particularly well suited to South Sudan’s various conditions—and 11 million sheep and goats are supported in Upper Nile, Bahr el Ghazal and Eastern Equatoria.
Fish are naturally abundant in the Nile, Sudd wetlands, and network of freshwater lakes and rivers. Conditions present significant opportunities for freshwater aquaculture.
INVESTMENT SECTORS :
Your Business In South Soudan :Tenders and opportunities
Concesissions and Iincentives
• Capital Allowances
TYPE OF ALLOWANCE RATE CONDITION
Initial allowance grantedin first year of production 50% Granted on Cost base on plant and machinery for industries in relatively developed area.
Initial allowance granted
in first year of production. 75% Granted on Cost based on plant and machinery for industries located in least developed area.
Start –up and development costs 25% Granted on actual cost over the first four years in four equal installments for industries in relatively developed areas.
Scientific research capital expenditure 100% Granted on actual cost of training incurred during a year of income for the during a year of income in the course of carrying on a business, the income of which is included in gross income must be undertaken in the development of the sector’s business and declines thereafter to 25%. Training and Capacity Building Expenditure 100% Granted on actual cost of training incurred during a year of income for the training or tertiary education of a citizen or permanent resident of South Sudan employed in the business by the employer ( not exceeding 6 years in total). Mineral exploration and drilling expenditure 100% Granted on actual cost incurred in mineral exploration. Expenditure of a capital nature incurred in searching for, discovering and testing, winning access to deposit of minerals in South Sudan. Initial allowance granted in the first year of use of an industrial building 20% Granted on the cost base of an industrial building, ( include tourism facilities like hotels and lodges and capital expenditure incurred on the extension of an existing industrial building but including commercial building.
Repairs and minor capital equipment 100% Granted on actual cost incurred I a year:
(1) Expenditure on repair of property occupied or used for the business;
(2) Cost of minor capital equipment provided that the equipment was
certified to have been newly acquired.
• Deductible Annual Allowances
LASS RATE CONDITION
Class 1 25% Computers and handling machinery and equipment.
Class 2 20% Light automobiles ( buses with less than 30 seater or goods vehicles designed to carry or pull or more tons ); construction and earth moving machinery and equipment.
Class 3 20% Productive equipment: heavy automobile ( buses with 30 or more seater or goods vehicles designed to carry or pull 7 or more tons);specialized trucks, trailers, tractors, plant and machinery used in farming, manufacturing,drilling and mining operations.
Class 4 40% All other depreciable assets( rail-road cars, locomotives and equipment,vessels, tugs and similar water transportation equipment, air craft,specialized public utility plant, equipment and machinery,office furniture, fixtures and equipment.
Farming costs 30% Farm works ( i.e labor quarters, irrigation bumps, fertilizers and animal feeds,chicken, incubators, immovable building and other works necessary for the farm.
• Other Annual Depreciation Allowances
Type of Allowance Rate Rate
Allowance 10% Cost base net of initial allowance/deduction on a straight-line basis per annum on qualifying industrial building( includes approved commercial building, hotels and hospitals.)
Intangible assets Variable and not exceeding 8% Granted on cost of asset I equal annual installment over its useful life on condition that it has an ascertainable useful life and value.
e.g leasehold, patents, royalties.
Horticulture 20% Granted on actual cost in four equal installments.
Cost must be incurred on acquisition of agro-processing industries, horticultural plant and /or on construction of a green house
key sectors for worldwide investors : energy (solar, hydro, biomass, renewable ..), infrastructure, roads, natural resources, mining, agriculture, forestry, telecommunications, tourism and ecotourism, responsible tourism, education, research, health, fisheries, transport, manufacturing.
ANTI CORRUPTION BOARD
TRAINING & RESEARCH
Welcome to South Sudan
Like any young independent country South Sudan is an ideal investment opportunity. It is a vast field of opportunities and his young government offers very attractive investment conditions Tourists, investors worldwide south sudan awaits you, for you are his exceptional investment offers. Our diplomatic missions will welcome you for check your trip.