To develop the local economy, the government of the Democratic Republic of Congo has launched during this month the construction of the first Special Economic Zone in the commune of Maluku in Kinshasa. In total, 6 free zones will be built, with the objectives of attracting foreign investment and stimulating the creation of businesses.

The free zone offers tax and regulatory advantages for investors and entrepreneurs. Among other facilities, a tax exemption over 5 or 10 years for those who settle there. At the end of these once-renewable periods, payment of half of the duties and taxes owed to the State is expected.

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The construction of the pilot site, which spans 885 hectares and 6,500 meters of fence, has been entrusted to Strategos Group, a firm recruited by the World Bank. It will focus in particular on the construction of warehouses and the provision of space to companies from various sectors, except mining companies and banks.

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In the long term, the Maluku Special Economic Zone will promote exports and allow the creation of 3,500 direct jobs.

Charles Rapulu Udoh

Charles Rapulu Udoh is a Lagos-based lawyer who has advised startups across Africa on issues such as startup funding (Venture Capital, Debt financing, private equity, angel investing etc), taxation, strategies, etc. He also has special focus on the protection of business or brands’ intellectual property rights ( such as trademark, patent or design) across Africa and other foreign jurisdictions.
He is well versed on issues of ESG (sustainability), media and entertainment law, corporate finance and governance.
He is also an award-winning writer