Attracting foreign direct investment (FDI) has become a key part of national development strategies for many countries. FDI reflects the objective of obtaining a lasting interest by a resident entity in one economy into a resident entity in an economy other than that of the investor. This is particularly important for countries where domestic savings cannot meet the increasing demand for capital.
For the investing company, it is able to provide the company with new markets and market channels, cheaper production facilities, access to new technology, products, skills and financing. For the host country which receives the investment, FDI can provide a source of new technologies, capital, processes, products, organisational technologies and management skills, and as a result, can provide a strong drive to economic development.
Many countries have attempted to use tax incentives as a means of attracting FDI. Fiscal incentives are an essential component of many countries’......

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Title: Tax Holidays
Approximate Word Count: 3003
Approximate Pages: 13 (250 words per double-spaced page)

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