10 Reasons to invest in Togo

10 Reasons to invest in Togo

Invest with peace of mind, benefit from security and growth of your capital in a country of peace and stability where you will love to work and live with your whole family.

10 Reasons to invest in Togo

 The Autonomous Port of Lomé (PAL) is the number one port in West and Central Africa, according to the ranking of The Maritime Executive. The only natural deep-water port in the sub-region with a draft of 16.6 meters and a length of 1050m, it welcomes the latest generation ships 24 hours a day.

It is also the privileged port of the countries of the hinterland (Burkina Faso, Niger, Mali).
It also makes it possible to reach the main European ports in 7 days on average, the United States in 13 days (subject to direct connections) and China in 29 days.
The central positioning, the quality of the services and the transhipment activities make the Autonomous Port of Lomé an essential regional hub.

 With its new 21,000 m² terminal, Gnassingbé Eyadéma International Airport (AIGE), which can accommodate up to 2 million annual passengers, is positioned as a commercial and economic hub. It offers direct connections to global airport hubs: Paris, Brussels, New York, Addis Ababa and to the main West and Central African capitals thanks to the pan-African company ASKY which makes it its hub for its flights.

 Togo occupies a key position in West Africa, being at the heart of the Abidjan (Côte d'Ivoire) - Lagos (Nigeria) corridor and offering direct access to the sea to the countries of the hinterland (Burkina- Faso, Niger, Mali).

This positioning is all the more advantageous for companies based in Togo, as the country is at the center of regional integration. Indeed, Togo belongs to the West African Economic and Monetary Union (UEMOA), of 122 million inhabitants and to the Economic Community of West African States (ECOWAS) offering a market of 350 million inhabitants.
Regional integration offers businesses the prospect of free movement of goods, services and people. In addition, this area has the advantage of a uniform and regulated business practice, governed by the OHADA Treaty (Organization for the Harmonization in Africa of Business Law).

 Togo was ranked Top reformer in Africa and 3rd best in the world in the World Bank's Doing Business Ranking 2020 with flagship reforms.

An economic and financial performance recognized by the main financial rating agencies in the world:
Standard & Poor's financial rating (B / B stable), Issuer rating of Moody's Investors Service ("Moody's") (B3), Sovereign credit rating of S&P Global Ratings (B / B Speculative). All services tend to operate as a one-stop-shop: one-stop-shop for port operations (SEGUCE), one-stop-shop for land, one-stop-shop for business creation, one-stop-shop for investment, etc.

 Thanks to its membership of the Joint Community Assembly of the European Union (ACP-EU), Togo has quota-free and customs-free access to the European Union. Access reinforced by the fact that Togo is a party to the EU's All Except Arms (TSA) agreement, which allows goods and services produced in Togo to enter the European market freely.

Togo has also had a textile license since 2017 and is a party to the AGOA agreements, which gives it access without quotas or customs duties in the United States.
    Through the bilateral agreements concluded with China, Togo is a country to be favored for the production of goods intended for this large-scale market.

 Togo offers investors three types of tax regimes adapted to their activities:

· A common law customs regime based on a modernized general tax code.
An attractive investment code adopted in 2019 and which offers investors tax reductions and exemptions for any investment in Togo of an amount greater than or equal to 50 million FCFA (76,000 Euros).
· A particularly interesting free zone regime for companies where 70% of production is intended for export.

 With 70% of the population under 35, Togo has a substantial workforce. The literacy rate is 85%; the workforce is educated, able to receive training and be qualified for any type of job.

 Togo is home to the headquarters of the largest financial institutions, including that of the West African Development Bank (BOAD) and the ECOWAS Investment and Development Bank (EBID); and the headquarters of large pan-African banking groups such as Ecobank and Oragroup are also located in Lomé, the capital.

 The Togolese Government has chosen to base its economic growth around the implementation of projects, the vast majority of which are public-private partnerships. The 2018-2022 National Development Plan (PND) and the 2020-2025 government roadmap notably provide for 65% financing of projects by the private sector.

The Government is therefore particularly attentive to the needs of its private partners and is implementing the necessary means to encourage investment and facilitate the establishment of businesses under the best conditions.
In particular, the Ministry of Investment Promotion has been set up to provide an interface for investors, to guide them, provide them with information and facilitate any installation project.
Contact: info@apizf.org

 Togo offers any investor personal peace of mind and security for their invested capital.

Togo is one of the most politically stable countries in the West African region.
Togolese territorial waters are also considered to be the safest in the sub-region.