Automotive Investment Scheme
Known as the Automotive Investment Scheme (AIS), these business incentives are targeted towards growing and developing the automotive sector through investment in technologically-advanced automotive production and investment.
AIS business incentives provide for a taxable cash grant of 25% of the value of qualifying investment in productive assets, as approved by the Department of Trade and Industry (the DTI). An additional taxable cash grant of 10% of the value of qualifying investment in productive assets may be available to ‘strategic projects’, which must achieve two economic benefit requirements, as outlined in the AIS Guidelines.
Please Note: Manufacturing Incentives currently suspended by DTI until further notice.