Foreign Direct Investment
Foreign direct investment in Senegal has to meet a certain condition of investing at least 5 million dollars and it has to employ at least three Senegalese and keep the accounts in a Senegalese format. FDI data on Senegal’s balance-of-payments statistics is provided by the International Monetary Fund (UNICTAD, 2006). The Senegalese investment code makes it possible to have equitable treatment of foreign companies and gives incentives encouraging companies to be located outside Dakar. The investment code also includes tax-free export processing zone, tax holidays, and stops foreign investment from the business licence and personal income tax. The ...