Incentives
Unlocking Cape Town’s Investment Potential
Cape Town offers a wealth of incentives to fuel economic growth and attract investors, both local and international. With its strategic location, diverse economy, and stable political climate, the city presents a myriad of opportunities for business ventures.
National Investment Incentives
The South African government, along with the Western Cape Government and City of Cape Town, provides a range of sector-specific incentive schemes and tax rebates to stimulate economic activity. These incentives include:
- Foreign Investment Grant
- Industrial Development Zones benefits
- Skills Support Programme
- Strategic Investment Project Programme
- Critical Infrastructure Facility support
- Business Process Outsourcing & Off-Shoring (BPO&O) incentives
- Sector Specific Assistance Scheme (SSAS)
- Film and Television Production Rebate Scheme
- Automotive Production and Development Program (APDP) scheme
Atlantis Special Economic Zone (SEZ)
The Atlantis SEZ represents a beacon of green innovation, fostering sustainable industrialisation in Cape Town. Offering preferential corporate tax rates, tax relief, and employment incentives, the SEZ is driving significant investment and development in clean technologies.
City of Cape Town Investment Incentives
The City of Cape Town is committed to fostering a conducive environment for investment and growth. Through its Investment Incentives Policy, the city provides both financial and non-financial incentives to support businesses. These incentives include:
- Single-point investment facilitation
- Fast-tracked development applications
- Exemptions and reductions in application fees
- Electricity tariff reductions
- Broadband connection fee waivers
Investment Incentives Policy 2020
Recently expanded to six additional areas, the Investment Incentives Policy targets areas with high potential for job creation and economic development. By addressing investment challenges and promoting spatial equality, the policy aims to maximise socio-economic returns and drive inclusive growth.
Cape Town’s investment incentives pave the way for businesses to thrive in a dynamic and supportive environment. Contact us today to explore the opportunities and benefits of investing in Cape Town.
