Gambia: Investing

FDI in Figures

FDI inflow, which contributed to 10% of the GDP in 2007, petered out in 2009 due to the global recession. They should however recovery their upward trend.

Gambia offers tax incentives, transparent and simple procedures and a strong potential in the tourism and re-export sectors. Its limited size and its landlocked position can be impediments to investment

Agro-processing activities and tourism attract most of the FDI. The main partners are Libya, India, Lebanon, Mauritania, and the United Kingdom.

	Gambia	Sub-Saharan Africa	الولايات المتحدة	Germany
Index of Investor Protection	2.7	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)	70	47	37
FDI Stock (million USD)	590.2	637.6	675.0
Performance Index*, Ranking on 141 Economies	30	33	-
Potential Index**, Ranking on 141 Economies	111	-	-
Number of Greenfield Investments***	3.0	3.0	-
FDI Inwards (in % of GFCF****)	59.5	110.2	-
FDI Stock (in % of GDP)	71.9	86.7	-

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

Sales tax: 15% (standard rate)
Company Tax: 0.35
Withholding Taxes: Dividends: 15%, Interests: 15%, Royalties: 15%.
Bilateral Agreement: The Gambia and Egypt are not bound by a Double Taxation Agreement.
Social Security Contributions Paid By Employers: 10%

Investment Opportunities

Tenders, Projects and Public Procurement: Tradeinvest Africa, Tenders in Africa
African Tenders
African Development Bank Group, Public Oversight Body
DgMarket, Tenders Worldwide
Setting Up a Company: Consult Doing Business Website, to know about procedures to start a Business in Gambia.
Useful Resources: The Gambia Investment Promotion and Free Zones Agency
Economic Developments and Prospects in Gambia - African Economic Outlook

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