What are the products/industries eligible for Pioneer Status Incentive in Nigeria?
Pioneer status incentive is a tax holiday given to companies for a period of time to encourage the growth and development of the Nigerian economy. A new company or an existing company with an expansion plan may apply for the Pioneer Status Incentive which lasts for 3 years and is renewable upon application for 2 more years. The Industries/products that are entitled to the Pioneer Status Incentive are;
- Industries that engage in cultivation, Processing and Preservation of food crops and fruits.
- Integrated dairy production.
- Deep sea trawling and processing, Coastal fishing and shrimping.
- Mining lead, zinc, and iron and steel from iron ore.
- Manufacture of iron and steel from Iron ore,the smelting and refining of non-ferrous base metal and the manufacture of their alloys.
- Mining and processing of barytes, bentonites and associated minerals.
- Manufacture of oil well drilling materials containing a predominant proportion of Nigerian raw materials.
- The manufacture of cement,Manufacture of glass and glassware.
- Manufacture of lime from local limestone
- Quarrying and processing of marbles.
- Manufacture of ceramic products.
- Manufacture of basic and intermediate.
- Formulation and manufacture of pharmaceuticals.
- Manufacture of yeast, alcohol and related products.
- Manufacture of paper pulp.
- Manufacture of yarn and man-made fibres.
618 Bees can help you quickly and easily obtain this Incentive. Log on to our website www.618bees.comor email firstname.lastname@example.org, or give us a call on +2349017190079. 618 Bees will complete your application with the NIPC.
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