Cedros Economic and Business Development
Tourism Incentives

Tourism Development Incentives

The Tourism Act provides for tax holidays of up to ten years and duty free concessions for hotel developments.

In addition to the tax holiday the approved Hotel may be granted accelerated depreciation and capital allowances on the construction cost of the hotel after the holiday period. No depreciation is charged during the holiday period and an allowance at 20% per annum is allowed for any five of the following eight years after the holiday period. Tax exempt profits may be distributed tax free by way of dividend.

This tax concession is granted on a discretionary basis by the Ministry of Tourism based on the size of the hotel (minimum 10 rooms) and the capital expenditures involved.

We welcome any proposal, local or international.
Please direct your enquiries to the Cedros Development Authority at development@therepublicofcedros.org