Investing

flag Haiti Haiti: Investing

FDI in Figures

According to the UNCTAD's World Investment Report 2022, FDI inflows to Haiti increased from USD 23 million to USD 50 million between 2020 and 2021. Still, FDI inflows to the country have yet to return to pre-pandemic levels. The stock of FDI also increased in 2021, reaching USD 2 billion. 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. Furthermore, 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 202020212022
FDI Inward Flow (million USD) 255139
FDI Stock (million USD) 1,940.51,991.82,031.2
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%.
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.
 

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: November 2023