Advantages

1. Abundant Labor Supply: The country boasts a large pool of unskilled workers who are
accustomed to extended work hours, providing a significant advantage for industries requiring
manpower.
2. Economic Growth: With a commendable 4.6% growth rate in the last year, the country
offers a thriving economic environment, presenting opportunities for businesses to expand
and prosper.
3. Tax Incentives for New Businesses: New businesses benefit from a three-year tax
exemption on profits, fostering a favorable environment for investment and entrepreneurship.
4. Efficient Airports: The presence of modern, well-managed airports with low cargo handling
rates facilitates smooth transportation and logistics for businesses involved in import/export.
5. Strategic Geographical Diversity: The country's varied geography, including mountains,
hills, and flatlands, can be advantageous for different types of industries, providing options
for location-based preferences.
6. Government Commitment to Infrastructure: The government's five-year program to
enhance the transport system demonstrates a commitment to improving infrastructure,
potentially easing logistical challenges for businesses in the long run.
7. Inflation Rate: The country faces a relatively high inflation rate of 8.7%. While this poses a
challenge for businesses in terms of increased costs, it also indicates economic activity, which
can be positive if managed effectively.
8. Business Profit Tax: The business tax on annual profits stands at 28%. While this
contributes to government revenue, businesses should factor this into their financial planning.
However, the three-year tax exemption for new businesses partially offsets this.
9. Import Tax on Cycle Components: Import tax on cycle components is relatively low at 5%.
This can be advantageous for industries relying on imported parts, encouraging cost-
effectiveness and competitiveness in the market.