AAAID Investment Benefits and Concessions

AAAID enjoys the right to implement integrated investment programs in Arab member states as stated in its establishment agreement. In implementation of this, AAAID has signed a number of agreements with the governments of member states giving it the right to extend its activities in its lands. These agreements have granted AAAID a number of benefits of which the most important are:

• AAAID affiliated companies enjoy the benefits stated in the legislations of the country in which its current or future projects are implemented.
• Exemption of AAAID affiliated companies from all custom duties and related tariffs on all imports and exports related to its operations.
• Exemption of the capital of AAAID affiliated companies and the profits generated from its investments from any taxes or current or future fees.
• Exemption of AAAID affiliated companies in Arab member states from all constraints and procedures related to monetary and external transfer systems. This includes the transfer of money and the provision of shareholders the right to transfer their profits abroad in foreign currency without any constraints or fees.
• Exemption of AAAID from all forms of current or future taxes and fees.
• The member state in which the project is established and in coordination with AAAID shall work on issuing legislations, systems, policies and administrative directives that are required for the effective discharge of the work of AAAID and its companies in those member states. The nature of these procedures are determined in agreement between AAAID and the member states.
• Support in all the administrative procedures required for the effective discharge of the work of AAAID and its affiliated companies.
•  Presenting all forms of required administrative support for the application of investment plans agreed upon between AAAID and the relevant member state with the purpose of implementing the project.
• Taking the necessary steps to enable AAAID affiliated companies the acquisition and utilization of land, their related rights, and any other rights.
• Taking the necessary measures to enable AAAID affiliated companies the acquisition and utilization of land, their related rights, and any other rights.
•  Granting the employees of AAAID and AAAID affiliated companies the necessary residence and work licenses and permits according to the law of the member state.
•  The consideration that any AAAID affiliated company shall accordingly enjoy the benefits above or any company established by AAAID or in which AAAID participates in its establishment and owns at least 25% of its capital. Further, any established company in which AAAID contributes this amount shall enjoy these benefits for the development of this company or to achieve the objectives of AAAID as stated in its establishment agreement.
•  The possibility for AAAID to establish an office to coordinate or conduct its business in the member states and that includes that the office and its manager shall enjoy diplomatic benefits and immunity. In addition, experts employed by the office shall enjoy the benefits given to their peers in regional and international authorities.