The Atlantis Special Economic Zone (SEZ) was created to stimulate industrial development and job creation in the green economy. The City of Cape Town has made several financial and non-financial incentives available to investors located within the Atlantis SEZ. To date over 30 foreign and local companies have taken up the incentives, leading to over R500 million in new industry development taking place in the SEZ.
Incentives for business in Cape Town
The City’s Investment Incentives Policy focuses on using financial and non-financial incentives to boost investment and to stimulate economic growth and employment creation.
To view the City’s incentives for business, click here.
SEZ incentives include:
- Preferential 15% Corporate Tax and Tax Relief.
- Building allowance and Tax Relief.
- Employment Tax Incentives.
- Customs Controlled Area Tax Relief.