INVESTMENT OPPORTUNITIES IN TOURISM

TOURISM 
THE TOURISM SECTOR WAS ACCORDED PREFERRED SECTOR STATUS IN 1991. THIS MAKES IT QUALIFY FOR SUCH INCENTIVES AS TAX HOLIDAYS, LONGER YEARS OF MORATORIUM AND IMPORT DUTY EXEMPTION ON TOURISM RELATED EQUIPMENT;

STATE GOVERNMENTS ARE PREPARED TO FACILITATE ACQUISITION OF LAND THROUGH THE ISSUANCE OF CERTIFICATE OF OCCUPANCY FOR THE PURPOSE OF TOURISM DEVELOPMENT;

25% OF INCOME DERIVED FROM TOURISTS BY HOTELS IN CONVERTIBLE CURRENCIES ARE TAX-EXEMPT PROVIDED SUCH INCOME IS PUT IN A RESERVE FUND TO BE UTILIZED WITHIN 5 YEARS FOR EXPANSION OR THE CONSTRUCTION OF NEW HOTELS, CONFERENCE CENTRES, ETC THAT ARE USEFUL FOR TOURISM DEVELOPMENT.