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

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Year of State assumptionShare of State assumptionFirst year 80%Second year 65%Third year 50%Fourth year 35%Fifth year 20%<strong>The</strong>se terms apply to <strong>in</strong>itiatives for which eligibility for an additionalperiod of five years goes <strong>in</strong>to effect before 31 December 2011.• Incentives for new promoters(Article 25 of the <strong>in</strong>vestment <strong>in</strong>centives code and law n°2004‐90 of 31 December2004, constitut<strong>in</strong>g the 2005 f<strong>in</strong>ance law)100% for a period of 5 years(Art. 45 of the <strong>Invest</strong>ment Incentives Code)8

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