Despite depending heavily on gas-fired electricity production, declining productivity at key fields and rising energy imports from Algeria have prompted Tunisia to turn to renewables. The government has set out objectives to encourage development, including increasing the contribution of renewable energy to 30% of the energy mix by 2030. This is arguably an ambitious objective, especially considering…
Driven by a growing middle class, rising urbanisation and some of the most attractive prices in the Mediterranean region, Tunisia’s real estate sector offers some of the best potential in North Africa. However, inflation caused by the depreciation of the Tunisian dinar over the last two years, as well as central bank interest rate hikes, have led to increased construction costs and higher…
Tunisia improved eight places to rank 80th out of 190 countries in the World Bank’s “Doing Business 2019” report. While this reflects a significant improvement in the country’s business and investment climate over one year, the government is committed to improving this ranking further, securing a position among the top-50 countries worldwide as well as being one of the top three in…
In order to improve the allocation of public funds the new budget law – Law No. 15 of 2019 – introduces the concept of medium-term budget forecasts. This legislative reform entails the establishment of a new accounting system to be used for the state funding of programmes to meet policy objectives. The previous system, which was established in January 1959, followed a public accounting…
Designed as a replacement for the former business register, the National Business Register (Registre National des Entreprises, RNE) Law No. 52 of 2018 passed on September 29 and was implemented on February 6, 2019. The reform has multiple objectives. First, it seeks to simplify procedures and shorten the time needed to set up a company, permanent establishment or economic interest group. Second, it…
This section includes information on hotels, government offices and other listings, alongside useful tips for visitors on topics like currency, visas, language, communications, dress code, business hours and electricity.…
This chapter introduces the reader to the different aspects of the legal system in Tunisia, in partnership with Meziou Knani & Khlif. It also contains a viewpoint with Ghazi Meziou, Associate Lawyer, Meziou Knani & Khlif.…
In conjunction with KPMG, this chapter explores the taxation system and Tunisia’s efforts to build an investor-friendly environment. It also contains an interview with Moncef Boussannouga Zammouri, Managing Partner, KPMG.…
With a growing demand for services from both nationals and foreigners, the health sector remains a crucial pillar of Tunisia’s economy. The country’s low health care costs are a key competitive advantage, attracting patients from Africa and Europe. However, many challenges need to be addressed before the sector can realise its full potential. To this end, the raft of investments is expected to…
