From The Report: Djibouti 2023
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Tax policies in Djibouti provide certain benefits and incentives to specific sectors through general exemptions. For instance, there are no time restrictions on carrying out remittances, facilitating ease of financial transactions. The requirements for registering a business have been streamlined, reducing the capital needed to start a company, thereby encouraging entrepreneurship and business growth. In terms of income tax, Djibouti follows a progressive system that applies to both local residents and foreigners, ensuring a fair and equitable taxation structure. These tax measures contribute to a favourable business environment, promoting economic activity and attracting investment in Djibouti. This chapter includes a viewpoint with Ramiss Houmed, Managing Partner and Owner, HLB Djibouti.