Brazilian businesspeople from state of Minas Gerais analyse investments in Mozambique

6 March 2012

A delegation of Brazilian businesspeople from the state of Minas Gerais, representing 14 companies from several business sectors, is visiting Mozambique until 11 March to analyse investment opportunities in areas such as engineering, health, agri-livestock, cosmetics, infrastructure and communications, according to the Mozambican Centre for Investment Promotion (CPI).

During a meeting with Mozambican businesspeople and officials from the CPI the Brazilian businesspeople were informed of the benefits offered by the Mozambican government, including low corporate tax (IRPC) for the agricultural sector.

CPI official Nuno Maposse explained that the 32 percent IRPC is applicable to companies from all business sectors in Mozambique, with the exception of the agricultural sector, which benefits from a rate of just 10 percent.

“The State offers exemption from customs tariffs and value added tax on importing class “K” equipment, professional training, and investment in infrastructure, amongst other areas. There are competitive incentives for almost all sectors,” Maposse noted.

The CPI official also said that investors could also benefit from the facilities that Mozambique has in placing its products on the market in the US, China, Europe and countries in the Southern African Development Community (SADC), which have some 250 million consumers. (macauhub)