Certain high-potential projects can, under certain conditions, benefit from aid measures to finance their investments. TAX EXEMPTION It enables investors to benefit from a tax reduction in return for their participation in the financing of an economic project. The investment must be made by a company based in New Caledonia. This means that a foreign company can claim tax exemption if it is the sole partner or shareholder of a company incorporated under New Caledonian or French law. The tax advantage is shared between the investors and the operator behind the investment project. NATIONAL TAX EXEMPTION The National Law for Overseas Economic Development (LODEOM), known as the "Girardin Law", sets out specific measures for overseas France to provide greater support for businesses in New Caledonia's strategic sectors. This scheme is in force until 2029. Eligible investments: Virtually all productive sectors and some service sectors are eligible: agriculture, the blue economy, industry, mining, construction and public works, the green economy, etc. Tax benefits: For operators, the benefit can be between 25% and 30% of the amount of eligible investment in the project. This rate is increased to between 35% and 40% for major projects financed by investors subject to corporation tax. Find out more about overseas tax exemption here and the Girardin scheme here 5 INVESTMENT FINANCING SCHEMES 50
RkJQdWJsaXNoZXIy MjE1NDI=