Comoros: Investing

FDI in Figures

The current FDI inflows remain low despite tax concessions and benefits offered by the government.

The potential of FDI on a national level undergoes a setback due to the poor quality of its infrastructures (outdated ports, transportation roads in mediocre condition), permanent political instability and the limited scale of the domestic market, as well as frequent water and electricity shortages, limited natural resources and unskilled workforce. In 2006, the political crisis of Anjouan perturbed the process of the renewal of international aid which had begun with the sponsorship conference at the end of 2005, and it provoked the limitation of domestic credit granted by the only commercial bank of the country, this explains the fragile economic situation of FDI in Comoros.

The sectors of agriculture and fishing receive the majority of foreign investment. The main investing countries are France, the United States and South Africa.

	Comoros	Sub-Saharan Africa	الولايات المتحدة	Germany
Index of Investor Protection	4.0	4.4	8.3	5.0

Source: Doing Business

Note: The Greater the Index, the Higher the Level of Investor Protection.

Foreign Direct Investment	2008	2009	2010
FDI Inward Flow (million USD)	8	9	9
FDI Stock (million USD)	39.9	49.0	58.4
FDI Inwards (in % of GFCF****)	10.5	6.3	-
FDI Stock (in % of GDP)	7.5	9.2	-

Source: UNCTAD - Last Available Data

Note: * The UNCTAD Inward FDI Performance Index is Based on a Ratio of the Country's Share in Global FDI Inflows and its Share in Global GDP. ** The UNCTAD Inward FDI Potential Index is Based on 12 Economic and Structural Variables Such as GDP, Foreign Trade, FDI, Infrastructures, Energy Use, R&D, Education, Country Risk. *** Green Field Investments Are a Form of Foreign Direct Investment Where a Parent Company Starts a New Venture in a Foreign Country By Constructing New Operational Facilities From the Ground Up. **** Gross Fixed Capital Formation (GFCF) Measures the Value of Additions to Fixed Assets Purchased By Business, Government and Households Less Disposals of Fixed Assets Sold Off or Scrapped.

Tax Rates

VAT: 10%
Company Tax: 35% or 50% depending on income
Withholding Taxes: Dividends: 15%, Interests: 15%
Bilateral Agreement: The Comoros and Egypt are not bound by a Double Taxation Agreement.
Social Security Contributions Paid By Employers: No contribution payed.

Investment Opportunities

Tenders, Projects and Public Procurement: Tenders Info, Tenders in Comoros
DgMarket, Tenders Worldwide
Setting Up a Company: Consult Doing Business Website, to know about procedures to start a Business in Comoros.
Useful Resources: Economic Developments and Prospects in Comoros - African Economic Outlook

Any Comments About This Content? Report It to Us.

Learn more about Investing in Comoros on Globaltrade.net, the Directory for International Trade Services.