New Code for Incentives in Togo

To boost the economy, Togo has established a number of instruments including a flexible and reassuring labour code and a new incentive code of investment whose main objectives are to encourage investment geared towards exports, increase employment of Togolese workers, promote the creation of national small and medium businesses, and to exploit local resources. It encourages the private sector to play a vital role in economic output. The new Code is based on granting incentives related to results, encouraging businesses to move towards appropriate activities. It was drafted taking into account the new customs tariff and the law on the status of the Free Zone.

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