Factor costs brochure - Invest in Tunisia, The Foreign Investment ...

State assumption of the employer’s share of contributions to the socialsecurity system• Recruitment of new Tunisianstaff who hold a diploma ofhigher education earned after aminimum of two years ofstudies after the baccalaureateor an equivalent diploma,starting from the date aneligible candidate is recruitedfor the first time• Newly formed teams to backup the first team, at industrialcompanies that do not workaround the clockEncouraging regionaldevelopment:* Eligible sectors are industry,handicrafts and certain serviceactivitiesRates for State assumption of contributionsFor a period of 7 years, the rate for State assumption of aportion of these contributions is set as follows:Year relating to Stateassumption of contributions,starting fromthe date of recruitmentPortioncoveredby theState1st and 2 nd years 100%3rd year 85%4th year 70%5th year 55%6th year 40%7th year 25%This incentive is available for new recruitments made between 1January 2005 and 31 December 2009.(Art. 25 of the Investment Incentives Code & law n°2004‐90 of31 December 2004, which provides the legal basis for the 2005budget)• 50% for five years• (Art. 43 of the Investment Incentives Code)• For the first group, the rate of assumption by the State for the firstfive years starting from effective start up of activity is set asfollows:Year of State assumptionShare of State assumption* Lists of groups of regionaldevelopment zones are set bydecree* For zones being encouraged forregional development in tourism:assumption by the State for thefirst five years starting fromeffective start up of activityInvestments in Saharan tourismin zones being encouraged forregional development are eligiblefor this incentive for anadditional period of five yearsFirst year 100%Second year 80%Third year 60%Fourth year 40%Fifth year 20%• For the second group, State assumption of the contribution for thefirst five years, starting from effective start up of activity• For zones being encouraged for priority regional development,State assumption for the first five years, starting from the date ofeffective start up of activity and of a share of this contribution foran additional period of five years, set as follows :7