Year:2011 (May)
Policy status:In Force
Date Effective:2011 (May)
Policy Type:Regulatory Instruments, Regulatory Instruments>Codes and standards
Policy Target:Multiple RE Sources, Multiple RE Sources>All
Policy Sector:Multi-sectoral Policy
Size of Plant Targeted:Small and Large
Agency:National Investment Promotion Agency (NIPA)
Penalty:Sanctions apply for non-compliance with the provisions of the granted investment authorizations. These include fines, loss of benefits and incentives as well as revocation of the investment proposal.

The Law authorizes private investments with a value of equal to or more than USD 1 million. It also stipulates tax, customs benefits and other incentives and guarantees for both foreign and domestic private investments. There are penalties for non-compliances with the provisions of the law. For instance failure to carry out projects within stipulated deadlines established in the investment authorizations is subject to penalties. The law has also created the national Private Investment Agency (ANIP) whose responsibilities include evaluating and facilitating proposed private investments.

Last modified: Wed, 02 Dec 2015 12:46:07 CET