MAY 08, 2023

Roma Park: A Thriving MFEZ Attracting Investment and Creating Jobs

As Zambia celebrated its independence in October this past month, Roma Park, a Multi-Facility Economic Zone (MFEZ), stands as a shining beacon of the country's economic growth and development.

Roma Park was established in 2011 with the vision of creating a world-class business and residential park that would attract investment and create jobs. The park is located in a Multi-Facility Economic Zone, which offers several tax incentives to businesses that operate there.

One of the key benefits of operating in Roma Park is that businesses are exempt from import duties on machinery and equipment. This can save businesses a significant amount of money, especially if they are importing specialized equipment.

Businesses operating in Roma Park can enjoy the advantage of accelerated depreciation on their capital investments. This means that they can write off their capital investments more quickly, which can help to reduce their taxable income and increase their cash flow.

Finally, businesses that operate in Roma Park enjoy tax-free profits on both exports and local sales of modified corn starch. This makes Roma Park an ideal location for businesses that are involved in the production or sale of modified corn starch.

In addition to these financial benefits, Roma Park also offers many other advantages to businesses. The park is located in a prime location with easy access to major transportation routes. Roma Park also offers a variety of plots available for multiple property types, including warehouses, office space, and light industrial.

Roma Park's Role in Zambia's Economic Growth

Roma Park is playing a key role in Zambia's economic growth by attracting new businesses and investors to the country. The park's MFEZ status and financial incentives make it an attractive location for businesses to operate.

Roma Park is also creating jobs for Zambians. The park's businesses employ thousands of people, both directly and indirectly, working to develop the skills of its workforce.

If you are looking for a place to do business in Zambia, Roma Park is a great option to consider. The park offers a variety of benefits, including its MFEZ status, its financial incentives, and its commitment to sustainability and environmental protection.

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