The Incentive Regime for Large Investments (RIGI) was created to attract large-scale capital in strategic sectors: mining; energy; infrastructure; technology; steel; tourism; and forestry.
So far, according to our understanding, 20 projects worth USD 34.422 billion have been submitted: mining accounts for 65% of the total proposed investments, followed by energy, which accounts for 33%. The remainder corresponds to initiatives in steel and infrastructure.
Seven projects have already been approved, with more forthcoming.
However, beyond the headlines, a distinct reality exists for those who attain RIGI status: - Tax benefits; - Exchange rates; - Customs; - Accelerated depreciation and predictability for 30 years, as stipulated by law.
Have you considered whether you are directly (or indirectly) a supplier to a 'RIGI company'? How does this benefit you?
This is because companies declared their impact (workers, suppliers, development) to have their projects fall under RIGI: encompassing construction, transport, maintenance, industrial services, technology, catering, and more.
Each contract necessitates predictability, compliance, and fiscal efficiency. If your operational structure is not aligned, you cannot compete effectively.
In summary, RIGI is not solely a benefit for 'large investments'. It presents an opportunity for those adept at adapting to the standards imposed by the new regime: encompassing traceability, compliance, sustainability, and stringent cost control.
