Tourism

• No customs duties on materials to build and outfit hotels
• No customs duties on machinery, equipment, tools and trucks needed to build and complete hotels
• No real property taxes
• No real property taxes in excess of $20 per bedroom per year (as of 11th year of hotel opening), subject to extension
• No direct taxation on hotel earnings, rentals, dividends or interest
• Admission of key personnel and special workmen (up to max of 25% of total employees)
• No Governmental restrictions, regulations, conditions or legislation made affecting hotel not similarly affecting similar hotels

• No customs duties on machinery, equipment, tools and trucks: for period set by the Minister responsible for Hotel Encouragement
• Real property taxes: 10 years from date of opening of hotel
• Direct taxation on hotel earnings: 20 years from date of opening of hotel

• No real property taxes in excess of assessed amount or $20 per bedroom per year
• No direct taxation on hotel earnings, rentals, dividends or interest
• 10% customs duties on materials and equipment to substantially remodel hotel

These also apply to entertainment facilities, nightclubs, restaurants and shops in hotels.

• No real property taxes in excess of $20 per bedroom per year: 10 years from date of agreement with Minister, subject to extension
• Direct taxation on hotel earnings: 20 years from date of opening of hotel

These also apply to entertainment facilities, nightclubs, restaurants and shops in hotels.

• Agreement with the Minister responsible for Hotel Encouragement
• Customs bond