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FDI in Figures

According to the UNCTAD's World Investment Report 2021, FDI inflows to Haiti fell from USD 75 million to USD 30 million between 2019 and 2020, in response not only to the COVID-19 pandemic crisis but also to civil unrest and the alarming worsening of the humanitarian crisis that has continued since 2018. The stock of FDI reached USD 2 billion in 2020. The transport, telecommunications and oil sectors attract the most FDI. More recently, construction, textile and manufacture of automotive components have also been drawing foreign investments. The United States and the countries of the European Union are Haiti's main investors, although China has grown in importance. Haiti has also partnered with its neighbour, the Dominican Republic, to attract more FDI.

Despite favourable policies and income tax incentives to attract FDI, Haiti's rates of FDI inflow reflect investor's assessment of the country's slow-growing economy and unstable political environment, corruption and bureaucracy. Resolving insolvency and starting a business are particularly complicated procedures, evidenced by the country's ranking (179th out of 190) in the last Doing Business report, issued by the World Bank in 2020. Transparency International ranks Haiti as the 164th out of 180 countries in its Corruption Perceptions Index 2021. The Government of Haiti has designated tourism, agriculture, construction, energy and manufacturing as key investment sectors, and supports sector-focused investment promotion, public spending, and special economic zones. In October 2020, the Haitian government and IFC held a consultation to reform and foster the establishment of special economic zones in order to attract more investments and to counter the negative effect of the COVID-19 pandemic on the FDI flows toward the country.

 

Country Comparison For the Protection of Investors

  Haiti Latin America & Caribbean United States Germany
Index of Transaction Transparency* 2.0 4.1 7.0 5.0
Index of Manager’s Responsibility** 3.0 5.2 9.0 5.0
Index of Shareholders’ Power*** 4.0 6.7 9.0 5.0

Source: Doing Business - Latest available data.

Note: *The Greater the Index, the More Transparent the Conditions of Transactions. **The Greater the Index, the More the Manager is Personally Responsible. *** The Greater the Index, the Easier it Will Be For Shareholders to Take Legal Action.

 
Foreign Direct Investment 201820192020
FDI Inward Flow (million USD) 1057530
FDI Stock (million USD) 1,850.01,925.01,955.0
Number of Greenfield Investments* 0.00.00.0
Value of Greenfield Investments (million USD) 000

Source: UNCTAD - Latest available data

Note: * Greenfield Investments are a form of Foreign Direct Investment where a parent company starts a new venture in a foreign country by constructing new operational facilities from the ground up.

 

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Tax Rates

Value added tax (VAT) - Taxe sur la valeur ajoutée (Local name)
10% (standard rate)
Company Tax
30%
Withholding Taxes
Dividends: 15%, Interests: 15%, Royalties: 15%.
Bilateral Agreement
Haiti and Spain are not bound by a Double Taxation Agreement.
Social Security Contributions Paid By Employers
6% for Retirement Insurance Office plus 3% for health insurance.
Other Domestic Resources
Directorate General of Taxation, in French
Overview of Haiti's tax measures in response to Covid-19
Center for Facilitation of Investments
Consult Doing Business Website, to obtain a summary of the taxes and mandatory contributions.
 
 

Individual Taxes

Income tax Progressive rates from 0% to 30%
From HTG 0 to 60,000 0%
From HTG 60,001 to 240,000 10% 
From HTG 240,001 to 480,000 15%
From HTG 480,001 to 1,000,000 25%
Above HTG 1,000,000 30%
 
 

Country Comparison For Corporate Taxation

  Haiti Latin America & Caribbean United States Germany
Number of Payments of Taxes per Year 47.0 28.2 10.6 9.0
Time Taken For Administrative Formalities (Hours) 184.0 327.5 175.0 218.0
Total Share of Taxes (% of Profit) 42.7 46.8 36.6 48.8

Source: Doing Business - Latest available data.

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Investment Opportunities

Tenders, Projects and Public Procurement
Inter-American Development Bank, Tenders in South America
DgMarket, Tenders Worldwide
Setting Up a Company
Consult Doing Business Website, to know about procedures to start a Business in Haiti.
Useful Resources
Contact the Spanish Embassy.
Contact the Embassy in Spain.
 

Business Setup Procedures

Setting Up a Company Haiti Latin America & Caribbean
Procedures (number) 12.00 8.00
Time (days) 97.00 25.22

Source: Doing Business.

 
 
 

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Latest Update: April 2022

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