Investment climate

  • Government pro-FDI & Economic Development 
    1999-2000 24 investment laws & 2002-2004 Economic reforms.
    Tax free import of raw materials and fixed assets for production.
    First 5 years tax free for certain projects.
    Low tax base rate + tax exemptions.
    Four year tax exemptions for priority projects.
  • No Restrictions on Repatriation of Profit
    Not the same restrictions on repatriation of profits as apply in other developing countries.
    The JV Banks regularly remitting profits overseas for foreign JV’s & foreign co.s.
  • Flexibility of JV Structures
    Fully owned foreign subsidiaries are possible & are now operating in DPRK.