The Network members aim to support each other as Trader, Somaliland supporters, investor or potential investors in Somaliland. The Group members has links with various institutions in all sector of society and can be source of support in dealing within Somaliland and globally. We encourage potential investor to enter the Somaliland Market.
Somaliland Country Profile - https://www.docdroid.net/tl6XmYN/somaliland-country-profile-2021-pdf
Our Vision
” To Promote and Sustainable Direct Foreign Investment flow and retention to Somaliland”.
Mission” Somaliland Trade and Investment Support Group" will aim to work with Somaliland Government, Private and all sectors in Somaliland through the development of strategies to promote Investment and Trade exchange between Somaliland and rest of the world; facilitate and support investor entry and retention; and continuously as advocate for an investor friendly Country and Institutions “ in accordance with the UN Conference on trade and Development.
Our Key Objectives
We are partner with the Government of Somaliland has facilitated trade and Investment inward and outwards as part of the our strategy to support Somaliland Republic as Sovereign Nation and member of the United Nation family. Our Key Partners includes:-
Somaliland Presidency - https://www.somalilandpresidency.com/
The Ministry of Trade and Tourism - https://mott.govsomaliland.org/
The Ministry of Investment and Industry https://moiid.govsomaliland.org/
https://moiid.govsomaliland.org/article/why-invest-somaliland-1
1. SECURITY AND TRANPARENCE
Somaliland has witnessed a great deal of progress over the last 30 years of self-governance. Peace and stability has been restored through the efforts of the people of Somaliland. Democratic systems have been established and have continued to evolve after five successful elections at the presidential, parliamentary and local government levels.
2. STRATEGIC LOCATION
Somaliland is Strategic positioned in the center of the Horn of Africa and along the Gulf of Aden near the entrance to the Bab al-Mandeb and route through Red Sea and Suez Canal, a Major sea-lane through with one-third of the world's shipping passes.
3. OPEN MARKET
The Economic System of Somaliland is a free market system based on supply and demand with little or no Government control, Somaliland Enjoys open Market policies that are designed to eliminate discrimination against foreign investors, business projects, Investments and Financial transactions. To promote new opportunities and Innovation.
4. RICH RAW MATERIALS
Somaliland is rich in mineral resources deposits of many kinds of gemstones like Emerald, Sapphire, Ruby, Aquamarine, Opal and any kind of Garnet. There are also plenty of other minerals in Somaliland such as industrial minerals like iron ore, Titanium, Aluminum, Tungsten, Tin, Galena and other rare earth metals like Colum bite Tantalite, Molybdenum and many other rare minerals which are only found few places in the world.
5. PROFIT AND IMPORT TAX EXEMPTION
Investors will enjoy a 100% three to five year’s tax holiday on profits and 100% custom exemption on imported raw materials, machinery, equipment, installation and any other ouYits, supplies and components imported for production purposes are exempted from import custom duties.
6. PUBLIC PRIVATE PARTNERSHIP
Somaliland Government stands for establishing viable Public Private Partnerships (PPPs) to address large scale infrastructure development that are beyond the financing capacities of the Government.
7. LAND OWNERSHIP AND PROPERTY LEASING
Both foreigners and Somali landers are freely able to purchase and sell property as the wish. Land ownership rights are strongly upheld within Somaliland.
8. GUARANTEES AGAINST EXPROPRIATION
Investments that have been properly registered with and approved by the Board may not be expropriated unless there is no other method by which the government can safeguard the “public interest.
9- Highly Adoptable Young People
Somaliland has high level of young people of over 18 yrs old and extremely adoptable and with various skills and easily adoptable to tackle challenges with little guidance.
10. Somaliland Diaspora
Somaliland has one of the most influential diaspora of any country and with exceptional talents and extremely committed to ivest in their Country and they are full Ambassadors of their homeland both as Investors and attractor or facilitators foreign Direct Investment.
