Steps to obtaining an Investment Incentive Contract Your application may be simply in the form of a letter of intent submitted to: The Chairman National Investment Commission (NIC) But must be followed by a detailed Project Proposal The Project is then assigned to an Analyst at the NIC for initial review, analysis, and the preparation of an Evaluation Report. After the analysis of the project is completed, a draft of the Evaluation Report is reviewed by an in-house screening committee to ensure that the project is in accordance with the guidelines established by the Commission. Copies of the final Evaluation Report are then circulated to the Commission members and other related government agencies to facilitate the final review of the report by these Commissioners as the basis for a final decision to accept or reject the application far investment incentive. In cases where the investment is above $2,000,000.00 dollars, the contract requires the approval by the President and ratification by the National Legislature. |