Measures to support

 Measures for supporting investment
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     Measures to support the creation of employment and the fight against unemployment

 

Device to support the employment of young - ANSEJ (creation 1996)

a)  Granting of unpaid loans by the Fund of ANSEJ of up to:

  • 25% for investment not exceeding 02 Million DA
  • 20% for investment not exceeding 10 Million DA

b)  Subsidization of interest rates on loans granted by banks at 60%, 80% and 95% depending on The nature and the geographic location.

Device for unemployed people - CNAC-(30-50 years old)

a)    Granting of unpaid loans by the CNAC of up to:

  • 25% for investment not exceeding 05 million DA
  • 20% for investment not exceeding 10 Million DA
  • 22% for investments in specific areas and those in the wilaya of the South and High Plateaux.

b)   Subsidization of interest rates on loans granted by banks up to:

  • 60% for investments in various sectors
  • 80% for investments in the sectors of agriculture, water and fisheries
  • 80% for investments in specific areas and those in the province of South and High Plateaux (investments in various sectors).
  • 95% for investments in specific areas and in the wilayas of South and High Plateaux (investments in the sectors of agriculture, water and fisheries).

Incentives common to the devices of the CNAC and ANSEJ

Besides the advantages already granted to them, candidates for the micro investments, will beneficiate from the following incentives:

  • A reduction of their personal contribution for the financing of investment (reduced from 5% to 1% for investments not exceeding 5 million dinars, and 10% to 2% for investments up to 10 million dinars )
  • Expanding the maximum limit of interest rate subsidy on bank credit (ie 80% and 95% at North and South in the High Plateaux) in the activities of building, civil engineering and hydraulics (BTPH) and Transformation Industry,
  • The extension of the periods of one year on deferred interest payments and 03 years on principal payments on bank lending
  • Providing, if necessary, an additional interest-free Credit of 500,000 dinars for the rental of premises for the activity, or for the acquisition of a vehicle equipped in workshop, in the case of an professional activity by graduates of professional training,
  • The granting, if necessary, an additional credit and interest-free 1DA  million to rent a room intended to serve as a medical office, architect, lawyer or another, for a minimum two graduates university
  • The establishment of a period of three years during which the micro-enterprise will gradually evolve into a full taxation after the exemption period,
  • The reservation of a quota of local public contracts to small enterprises.

Micro credit device – ANGEM

  • Granting of an unpaid loan 25% of the total cost of the activity when the amount of investment is between 100,000 and 400,000 DA.
  • Granting of unpaid loan to buy raw materials from 25% of the total cost which shall not exceed 30,000 dinars.
  • Bonus interest rate of 70% of the global cost of the activity the financing of which is between 100,000 and 400,000 dinars.
  • Granting of interest free credit of 100,000 DA allocated to the acquisition of raw materials. This device is widely used by housewives performing an activity to increase family income,
  • Granting of interest free credit of 1 million DA, for the acquisition of small equipment and facilities for people wishing to exercise a manual activity.

Measures to support micro-credit

2. MEASURES IN FAVOUR OF SECTORS (Updated April 2017)


2.1-
MEASURESIN FAVOUR OF AGRICULTURE

 

  • Creation of an interest-free credit"RFIG" for the benefit of farmers and breeders ;
  • Establishment of an ETTAHADI investment credit granted by the BADR in the context of the creation of new agricultural and livestock farms on uncultivated agricultural land belonging to private property and the private domain of the State.
  • Alignment of local prices of grain delivered to the CCLS on world markets
  • Support to the development of production and milk collection
  • Support for the production of meat(ovine and caprine, poultry, equine, cameline.
  • Reinforced support to certain tree crops(olive, palm cultivation(dates), fruit trees);
  • VAT exemption of rent payments within the framework of the credit contracts relating to the lease agricultural equipment produced in Algeria;
  • Exemption from VAT of the combine harvesters manufactured in Algeria;
  • Submission to the reduced rate of VAT at7%:

            - insecticides, fungicides, nematicides and herbicides used in agriculture.

            - agricultural plastic films;.
  •  The application of the 7% VAT rate reduced on raw materials and products used in the manufacture of poultry-farm feed, as well as broiler chicken and eggs for consumption

 

 2.2. MEASURESIN FAVOUR OF TOURISM

  • The trust fund support for tourism promotion and quality activities of expenditure related to tourism promotion and other expenditure for tourism investment projects;
  • Regarding IBS, exemption for a period of 10 years for tourism companies established by Algerian of or foreign promoters, other than tourism and travel agencies as well as mixed-economy companies operating in the tourism sector;
  • Regarding IRG, exemption for a period of 10 years for tourism companies established by Algerian promoters, other than tourism and travel agencies as well as mixed-economy companies operating in the tourism sector;
  • Permanent exemption of TAP for tourism, hotel and thermal activities;
  • Application, until 31-12-2019, of the reduced rate of 7% VAT for services related to tourist, hotel and spa activities, classified tourist catering, travel and rental of tourist transport vehicles;
  • Granting of an interest rate reduction applied on  bank loans granted for the implementation of investment projects and the modernization of tourist and hotel establishments.

 

 

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