- 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.