join the growing
succEss
INVEST IN TUNISIA
invest in
Tunisia
TUNISIA IN A NUTSHELL
GENERAL INFORMATION
Capital
Official Language
Other Languages
Currency
Average Exchange Rate 2015
Time
Climate
Population
Urban Population
Human Development Index (from 0, very poor
to 1, outstanding)*
Tunis
Arabic
French, English, Italian and German
Tunisian Dinar (TND)
1TND = 0.459 Euro = 0.510 USD
GMT+1
Mediterranean, average 12° C in winter, 30° C in summer
10.982 million inhabitants
67.8%
0.721
Source: National Statistics Institute, 2015
*Source: United Nations Development Programme, 2014
ECONOMIC AGGREGATES
Gross Domestic Product (at current prices)
GDP growth (annual % 2014)
82,964 MTND
2.5
Source: Central Bank of Tunisia, 2015
TRADE
Exports in 2014 (at current prices)
Imports in 2014 (at current prices)
Coverage Ratio
Main Clients
Main Suppliers
28,406.7 MTND
42,042.6 MTND
67.6%
France, Italy, Germany and USA
France, Italy, Germany, China and Spain
Source: National Statistics Institute, 2015
WAGES
The Guaranteed Inter-Professional
Minimum Wage (SMIG)
The Guaranteed Agricultural
Minimum Wage (SMAG)
289.639 TND (40 working hours regime)
13 TND (hourly wage)
1
TUNISIA: LEADER IN NORTH AFRICA
TUNISIA
1
st
is the
NORTH AFRICAN COUNTRY
2
INNOVATION
EASE OF DOING
BUSINESS
Global Innovation Index
2015, WIPO, Cornell
University & INSEAD
Doing Business 2016,
World Bank
INTERNET
FREEDOM
Freedom on the Net 2014,
Freedom House
POPULATION
WELLBEING AND SOCIAL
Progress
CORRUPTION
PERCEPTION IN
THE PUBLIC SECTOR
Social Progress Index 2015,
Social Progress
Imperative
Corruption Perceptions
Index 2014,Transparency
International
QUALITY OF
THE EDUCATION
SYSTEM
The Global Competitiveness
Report, 2015-2016
3
4
TUNISIA: FAVOURABLE FDI DESTINATION
Tunisia has initiated a shift in its economic development policy by encouraging the participation of foreign partners in its investment efforts. The implementation of
the offshore regime, adopted in 1972, led to the increase of the number of foreign companies operating in Tunisia exceeding 3,200 businesses and providing
more than 340,000 jobs and enabled Tunisia to move up in the global value chains.
Tunisia is today the:
1st world exporter of dates and olive oil, (2014-2015)
nd
¡ ¡ 2 African exporter of organic products,
nd
¡ ¡ 2 African manufacturer of automotive components,
7th world producer of phosphates and triple superphosphate,
th
¡ ¡ 8 European Union supplier of clothing,
th
¡ ¡ 8 country accredited as organic exporter to the European Union
¡¡
¡¡
market.
Foreign Direct Investment is mainly predominant in manufacturing industries.
FDI Breakdown by sector (energy excluded)
FDI Breakdown by sector in industry
4.02
1.05
Industry
Agriculture
Services
4.54
1.05
5.44
7.81
Industry
Agriculture
57.16
57.16
41.79
41.79
10.29
Services
4.02
4.54
2.62
2.55
0.06
5.44
Construction materials
Construction materials
2.62
Electrical and electronic industries (EEI)
Electrical
and
electronic
industries (EEI)
2.55
Textile & clothing
0.06
Textile & clothing
Mechanics, metal and metallurgy (IMM)
Mechanics, metal and metallurgy (IMM)
Chemicals and rubber
7.81
35.67
Chemicals and rubber
35.67
Agribusiness
Plastics industry
10.29
Pharmaceutical industry
Agribusiness
Plastics industry
Pharmaceutical industry
13.21
Miscellaneous industries
13.79
13.21
13.79
Miscellaneous industries
Leather and footwear
Civil engineeringLeather and footwear
Civil engineering
Source: FIPA-Tunisia, 2015
Source: FIPA-Tunisia, 2015
Emerging sectors such as electronics, aerospace and pharmaceutical industries are also on the rise and contributing for the emergence of new branches like
mechatronics and applied biotechnologies…
ILS ONT INVESTI EN TUNISIE
¡¡ AKZO NOBEL
¡ ¡ ASTEEL
¡ ¡ AUTOLIV
¡¡ AVENTIS SANOFI
¡¡ BAXTER
¡ ¡ BENETTON
¡¡ BG GROUP
¡¡ BIC
¡¡ BNP
¡ ¡ CROWN CORK
¡¡ DANONE
¡¡ DRÄXLMAIER
¡¡ ELECTROLUX
¡¡ ESSO
¡¡ FAURECIA
¡¡ FRAM
¡¡ GENERAL ELECTRIC
¡¡ GM
¡¡ GROUPE BPCE
¡¡ HAIER
¡ ¡ HEINEKEN
¡¡ HENKEL
¡¡ HUTCHINSON
¡¡ JOHNSON CONTROLS
¡¡ KASCHKE
¡¡ KBE ELEKTROTECHNIK
¡¡ KROMBERG & SCHUBERT
¡¡ LACROIX ELECTRONICS
¡¡ LATECOERE
¡¡ LEAR CORPORATION
¡¡ LEONI
¡¡ LUCENT TECHNOLOGIES
¡¡ MICROSOFT
¡¡ MIROGLIO
¡¡ NESTLE
¡¡ ORANGE
¡¡ PFIZER
¡¡ PHILIPS
¡¡ PHOENIX
¡¡ RIEKER
¡¡ SAFRAN
¡¡ SCANIA
¡¡ SEWON
¡¡ SIEMENS
¡¡ SIOEN
¡¡ SOCIETE GENERALE
¡¡ SOMFY
¡¡ ST MICROELECTRONICS
¡¡ STELIA
¡¡ STREAM
¡¡ SUMITOMO
¡¡ TELEPERFORMANCE
¡¡ THOMSON MULTIMEDIA
¡¡ TOTAL
¡¡ TOYOTA TSUSHO
¡¡ UNILEVER
¡¡ VALEO
¡¡ VAN DE VELDE
¡¡ VAN LAACK
¡¡ VOLVO
¡¡ YAMAICHI ELECTRONICS
¡¡ YAZAKI
¡¡ YURA CORPORATION
¡¡ ZODIAC AEROSPACE
¡¡ 3 SUISSES
5
FINLAND
NORWAY
SWEDEN
NORTH
SEA
IRELAND
LATIVIA
LITHUANIA
COPENHAGEN
DENMARK
ROYAUME-UNI
ESTONIA
3H30
PAYS-BAS
AMSTERDAM
ALLEMAGNE
BELARUS
POLAND
2H15
LONDON
2H17
BRUSSELS
2H00
CZECH REPUBLIC
PARIS LUX.
1H46/2H08
FRANKFURT
MUNICH
1H59
SWITZERLAND
1H47
GENEVALIECHT.
FRANCE
AUSTRIA
1H30
MILAN
1H21
S.M
VATICAN
ROME
1H23
ANDORRE
SPAIN
ALGIERS
1H15
Strait of
Gibraltar
CASABLANCA
2H26
MOROCCO
HONGARY
BOSNIA
MONTENEGRO
ROMANIA
BELGRADE
1H30
SERBIA
BULGARIA
ISTANBUL
2H24
ALBANIA
2H00
ARMENIA
TURKEY
TUNIS
TUNISIA
LISBON
2H33
1H54
0H55
MADRID
PORTUGAL
BOLOGNA
1H17
ITALIE
MARSEILLE
UKRAINE
SLOVAQUIA
VIENNA
SYRIA
TOBRUK
1H32
2H47
CISJORDANIE
JORDAN
2H35
DS
EA
JEDDAH
3H40
SIA
R
KINGDOM
OF SAUDI ARABIA
RE
EGYPT
KUWAIT
4H24
PE
LIBYA
IRAN
AMMAN
3H27
CAIRO
ALGERIA
IRAQ
BEIRUT
MEDITERRANEAN SEA
BAHRAIN
NG
QATAR
ULF
DOHA
6H11
DUBAI
5H03
U.A.E.
OMAN
MALI
SENEGAL
GUINEE
IERRA LEONE
6
BAMAKO
4H35
NIGER
OUGADOUGOU
GHANA
BENIN
TOGO
NIGERIA
CAMEROUN
REPUBLIQUE
CENTRAFRICAINE
YEMEN
ERITREA
SUDAN
BURKINA FASO
3H57
COTE
D'IVOIRE
CHAD
DJIBOUTI
ETHIOPIE
TUNISIA: ECONOMIC OPENNESS
FAVOURABLE GEOSTRATEGIC POSITION
Tunisia is just
140
Km far from Europe
Located at the Northern tip of Africa and only 140 km far from Europe,
Tunisia is at the heart of the Euro-Mediterranean logistics chain which
makes the country an ideal hub providing access to several major markets.
1300
kilometers of coastline
¡ ¡ A bilateral agreement establishing a free trade zone with Turkey,
¡ ¡ A free trade area agreement with EFTA countries,
¡ ¡ The Agadir free trade agreement between Jordan, Egypt, Morocco and
Tunisia,
¡ ¡ Bilateral agreements establishing a free trade zone with Libya, Egypt,
Morocco, Jordan and Iraq,
¡ ¡ An agreement on establishing the Pan Arab Free Trade Area with 18
countries of the League of Arab States.
Tunisia is also a member of the ICSID and joined in 2012 the OECD
Declaration on International Investment and Multinational Enterprises.
EU ADVANCED PARTNER
500
Million European consumers
Tunisia is the first country in the Southern Mediterranean to have
signed an Association and Free Trade Agreement with the European Union.
In 2012, Tunisia was granted the status of Advanced Partner with the EU
strengthening its trade liberalization and economic integration. Currently,
negotiations for the signature of a Deep and Comprehensive Free Trade
Agreement (DCFTA) are underway to ensure the progressive integration of
Tunisia in the EU domestic market and to build a Common Economic Area.
TOWARDS AN INTERNATIONAL INTEGRATION OF TUNISIA
As part of its trade promotion and diversification policy, Tunisia signed
several bilateral and multilateral preferential agreements:
TUNISIA signed 52 double taxation agreements and 54 bilateral agreements on investment promotion and protection.
7
8
TUNISIA: TALENT POOL
THE EDUCATION SYSTEM: A NATIONAL FLAGSHIP
Availability of scientists and engineers
on the labour market
A pioneer in this field in the MENA region, Tunisia has always assigned a place
of prominence to education, as a unique tool for adaptability and employability.
The free nature of the education system in Tunisia, its quality and its accessibility
resulted in the following :
¡ ¡ 99% school enrolment rate,
¡ ¡ 6,528 educational institutions,
¡ ¡ 200 higher education institutions,
1- Low availability, 7- High availability
Ranking
Country
15
Germany
Score
5
19
France
4.9
26
Italy
4.8
48
Tunisia
4.3
50
Turkey
4.2
¡ ¡ 7% of GDP allocated to education,
51
Hungary
4.2
¡ ¡ over 332,000 enrolled students (2014/2015).
56
Morocco
4.1
Education is the main spending item in the public budget with the
integration of information and communication technologies at all levels.
In this regard, Tunisia is one of the first countries in North Africa and the
Arab world to engage in the field of distance education and e-Learning.
TUNISIA
has a diversified fabric of universities and colleges
to ensure the best training in different areas.
POOL OF TRANSFERABLE SKILLS
Tunisia has very qualified, competitive and successful human resources
at all levels. Consistently in line with business needs, they represent a huge
pool of talent which is one of the major assets of the country thanks to their
foreign language skills, sense of adaptation and creativity.
Tunisia is considered as a talent geyser in the Mediterranean region with:
¡ ¡ over 70,000 new graduates each year.
¡¡ 35% of students graduating in engineering, computer science, communications
and other technical fields.
¡ ¡ over 1,000 vocational training centres providing training for 140,000
trainees in hundreds of specialties covering all economic sectors.
TUNISIA provides the labour market with over
6,000 engineers every year.
Source: Global Competitiveness Report 2015-2016, WEF
RESEARCH AND INNOVATION ORIENTED SKILLS
Recognising that the success of a knowledge-based strategy depends on
the creation of an enabling environment for innovation and creativity, Tunisia
has adapted its academic offer to the needs of scientific research and skills
development.
Tunisia has an interfacing structure between the socio-economic world and
the research community in order to identify and meet supply and demand
from the university and the business world.
Many international companies have their expertise centres in
Tunisia employing hundreds of Tunisian engineers and managers:
- ACTIA
- ALCATEL
- KROMBERG & SCHUBERT
- LEONI
- SAGEM
- SIEMENS
- ST MICROELECTRONICS
- ZODIAC EQUIPEMENTS TUNISIA…
9
10
TUNISIA: DEDICATED INFRASTRUCTURE CAPITAL
EFFECTIVE AND DIVERSIFIED LINKS
ADVANCED DIGITAL CONNECTIVITY
Tunisia offers a modern infrastructure connecting all parts of the country with
each other and with the rest of the world. Tunisia has:
Tunisia offers the possibility of establishing international communication links
at very competitive costs thanks to its Internet highways based on a fibre
optic network ensuring speed and quality of data transmission.
¡ ¡ a road network of about 20,000 km of roads and 360 km of motorways
across the country,
¡ ¡ a 2,167 km long rail network covering all the country,
¡ ¡ 9 international airports located throughout the country and served by
about a hundred foreign airlines ensuring over 2,000 weekly flights to the
rest of the World,
Tunisia has one of the most advanced broadband infrastructures in the
Mediterranean basin with broadband terrestrial and submarine network which
is an international gateway to the largest global networks.
Acting as a real vehicle for social development and economic growth,
the network provides:
¡ ¡ 2,988 fixed VoIP subscriptions,
¡ ¡ 7 commercial ports and an oil terminal.
¡ ¡ 127,7% penetration rate of mobile telephony,
ACTIVE AND INNOVATING CLUSTERS
¡ ¡ 12 operational competitiveness clusters and technology parks
spread across several areas,
¡ ¡ 15 cyber parks dedicated to communication technologies,
¡ ¡ 7,8% annual growth of outgoing voice traffic in mobile networks for
international calls,
¡ ¡ 50,7% Internet penetration rate,
¡ ¡ 507 000 ADSL subscriptions.
¡ ¡ 2 business parks in Bizerte and Zarzis created as part of the national
strategy to promote foreign direct investment,
¡ ¡ a park dedicated to the aerospace industry in El Mghira,
¡ ¡ more than 300 industrial zones spread throughout the country, covering
about 10,000 ha.
TUNISIA is leader in North Africa and is the most welcoming
country for new information and communications technology.
World Economic Forum, 2015
DEVELOPING ENERGY INFRASTRUCTURE
Tunisia offers easy access to electricity comparable to that of developed
countries.
In 2014, a new law on the production of 30% of its electricity needs from
renewable energy by 2020 has been passed in Tunisia.
TUNISIA
to electricity.
TUNISIA
ranks 38th out of 189 countries in terms of access
Doing Business, 2016 FUTURE-ORIENTED STRATEGY
As part of its digital development, the strategic plan 2018 Digital Tunisia
aims to make Tunisia an international reference in the field and enhance ICT
as an even more important tool for socio-economic development.
2018 Digital Tunisia aims to make broadband available
to 100% of homes and to establish a ‘‘Green IT’’ framework.
is ranked 2nd in the Arab world in terms of production of renewable energies.
International Atomic Energy Agency (IAEA), 2014
11
12
TUNISIA: FAVOURABLE BUSINESS ENVIRONMENT
AN ENABLING ENVIRONMENT FOR BUSINESS
‘‘Doing Business 2016’’ report ranked Tunisia at the 74 th position among
189 countries, placing it ahead of North African countries.
Ease of doing business in the world
Ranking
Country
Score
27
France
75.96
33
Spain
74.86
55
74
Turkey
Tunisia
69.16
64.88
75
Morocco
64.51
130
India
54.68
131
Egypt
54.43
Source: Doing Business, 2016
TUNISIA
is ranked 2nd in Africa as having the best working
environment according to the ranking ‘‘African Countries of
the Future 2013/2014’’.
ADAPTED REGULATORY FRAMEWORK
The Tunisian legislation grants:
¡ ¡ freedom of investment in most sectors,
¡ ¡ freedom of repatriation of profits and capital gains,
¡ ¡ simplified administrative procedures,
¡ ¡ ease of import and export,
¡ ¡ protection of intellectual property,
¡ ¡ protection of foreign investors.
¡ ¡ deductions from the tax base of income or profits from investments
in regional development areas for the majority of sectors:
- Total deduction for the first 5 or 10 years of activity respectively in
the 1 st and 2 nd group zones,
- For the priority areas, in addition to the total deduction during the first
10 years, a deduction up to a limit of 50% of such income or profits for
the following 10 years.
¡ ¡ investment grant for industrial projects in regional development areas
and for projects in tourism and agriculture,
¡ ¡ investment subsidies for environmental protection, technology and R&D
promotion, and regional or agricultural development,
¡ ¡ coverage of vocational training expenses up to 50% of the initial
training cost.
¡ ¡ An investment premium up to 15% of the investment cost for promising
activities with high integration rate granted to investment operations
carried out under the investment incentives code.
’’TUNISIA is our first partnering country where it is possible
to invest because we find many positive things: the availability of
labour at a competitive cost and tax benefits’’.
Mr. Salvatore MARGIOTTA
Prochimica Director, June 2014
MULTIPLE INCENTIVES AND BENEFITS
Tunisia is a valuable destination for foreign investment thanks to
the multitude of incentives and benefits it offers.
Foreign companies can benefit from multiple tax and financial incentives
including:
¡ ¡ 10% reduced Tax rate on profits from exports,
¡ ¡ total exemption on reinvested profits and income,
¡ ¡ coverage of employers’ contribution to social security schemes and of
infrastructure expenses in regional development areas,
13
TUNISIA: PLEASANT LIVING CONDITIONS
14
LAND OF HOSPITALITY, PACIFISM AND FREEDOM
The age-old reputation of Tunisia as a country of hospitality and tolerance is
undoubtedly linked to its history rooted in diversified successive civilisations
over the centuries. Berber, Phoenician, Roman, Byzantine, Arab, Turkish or
French civilisations have shaped the personality of Tunisians who inherited
across generations, not only a legacy of hospitality and tolerance,
but also the spirit of creativity and initiative, the determination to
succeed and, above all, adaptability.
FRIENDLY LIVING CONDITIONS
With its Marhaba , Tunisia is a country that stands out for its quality
of life and its people’s openness and “Joie de vivre”.
TUNISIA
is the North African leader in terms of
well-being of its population.
Social Progress Index, 2015
It provides the essential amenities to ensure an ideal comfort:
¡ ¡a rich cultural, artistic, historical and archaeological heritage,
¡ ¡modern high standing residential areas at competitive costs,
¡ ¡several shopping centres and hypermarkets of international brands,
¡ ¡foreign schools: French, American, Canadian, Russian, English and
Italian ...
¡ ¡tourism infrastructure, various and developed recreation and sports
facilities,
¡ ¡highly advanced medical care in terms of medical expertise and health
infrastructure to international standards;
TUNISIA
the world.
is positioned as the 4 th cheapest country in
Country Expat Cost of Living, july 2015
15
TUNISIA: SUCCESSFUL SHIFT
SUCCESSFUL POLITICAL TRANSITION
The year 2014 was marked in Tunisia by a further step towards democracy
with the adoption of a new Constitution which resulted in the
organisation of successful parliamentary and presidential elections.
The formation of a new coalition government in February 2015 is a historic
coronation for the country.
Tunisia is ranked:
1 st in Africa and in the MENA region and, 25 th on a global scale in
terms of elections integrity according to Sydney and Oxford Universities
report.
TUNISIA is the only free country in the Arab world.
Freedom House, 2015
TOWARDS A PROMISING ECONOMIC TRANSITION
New horizons are open and the future outlook is promising bringing a new
impetus to the socio-economic life of the New Tunisia thanks to:
¡ ¡ the launch of major projects involving infrastructure, inclusive
development and human development,
¡ ¡ the opening of new sectors to foreign investment, such as finance,
renewable energies, health and cultural and creative industries,
¡ ¡ the overhaul of the legal and regulatory framework related to investment.
TUNISIA
the world.
achieved the best democratic progress in
‘‘Democracy Index’’ (Global Democracy Ranking), 2014
‘‘Investing in Tunisia means having the possibility to be very
close to Europe and to work in the Middle Eastern and North
African areas, and through Tunisia acccess the entire African
continent. It therefore represents a major regional basis close to
all our target markets’’.
Mr. Pier Luigi D’AGATA
Chief Executive of Confindustria Assafrica & Mediterraneo
June, 2015
16
CONSTITUTION
DE LA REPUBLIQUE TUNISIENNE
2015
NOBEL
PEACE
P RI Z E
National
Dialogue
Q ua r t e t
" for its decisive
contribution to
the building of
a pluralistic
democracy
in Tunisia in
the wake of
the Jasmine
Revolution
of 2011 "
2015 Edition
LONDON
COLOGNE
BRUXELS
PARIS
MILAN
ANKARA
MADRID
TUNIS
TOKYO
DOHA
F I PA - A n k a r a • f i p a . t u r k e y @ i n v e s t i n t u n i s i a . c o m . t r
F I PA - B r u x e l l e s • f i p a . b r u s s e l s @ i n v e s t i n t u n i s i a . b e
F I PA - C o l o g n e • f i p a . c o l o g n e @ i n v e s t i n t u n i s i a . d e
F I PA - D o h a • f i p a . d o h a @ i n v e s t i n t u n i s i a . c o m . q a
F I PA - L o n d r e s • f i p a . l o n d o n @ i n v e s t i n t u n i s i a . o r g . u k
F I PA - M a d r i d • f i p a . m a d r i d @ i n v e s t i n t u n i s i a . e s
F I PA - M i l a n • f i p a . m i l a n @ i n v e s t i n t u n i s i a . i t
F I PA - P a r i s • f i p a . p a r i s @ i n v e s t i n t u n i s i a - o r g . f r
F I P A - To k y o • f i p a _ t o k y o @ t u n i s i a . o r . j p
Foreign Investment Promotion Agency
Rue Salaheddine El Ammami Centre Urbain Nord, 1004 Tunis - Tunisie
Tel. : (216) 71 752 540 • Fax : (216) 71 231 400
E-mail : [email protected]
www.investintunisia.tn