KIP will be a Free Trade Zone – tax-free benefits
- Complete holiday from all federal, state, and local taxes and levies
- 100% foreign ownership and repatriation of profit
- Waivers from all export & import licenses and expatriate quota.
Other early-mover incentives include:
- $10m Counterpart Fund by Delta State Government – A targeted incentive for Early Movers: Fund aims to de-risk and incentivize early movers Fund available in parcels of $1m to $2m will be used as Delta State counterpart fund which can then be bought back in the future by private sector Fund could help with initial setup and relocation of equipment costs No other State in Nigeria currently offers such compelling incentive for early-mover investors.
- Extended land lease life at no extra cost Support with regulatory agencies for expedited approvals Other mutually agreed on support that will enable fast relocation.