Welcome to ANIP, the Government of Angola’s National Agency for Private Investment (Agência Nacional para o Investimento Privado). Our mission is to help. Investing in sub-Saharan African countries should be a straightforward matter. It is a region rich in natural resources and fertile land, with some of the youngest. Investment ANIP. Angola is also the destination of more FDI than any other country in Africa, and for good reason. Its petroleum reserves, mineral wealth.
|Published (Last):||5 August 2012|
|PDF File Size:||1.67 Mb|
|ePub File Size:||16.81 Mb|
|Price:||Free* [*Free Regsitration Required]|
The minimum investment amount prescribed by the law meant that small and medium enterprises were either discouraged or prevented from investing in Angola. Login Register Follow on Twitter Search. Japan Oct 19, Distributed with: This article assesses the rationale for the NPIL, its scope and what it may mean for future investment in Angola.
Everyone who knows Angola comes across a new country today. Abip is likely that there will be teething problems with whatever approval process is brought about by the awaited regulation, as the relevant ministerial authority will not have the same level of experience as the ANIP.
Share Facebook Twitter Linked In. Political and economic stability has opened new and excellent opportunities for investment in the country.
Any benefits enjoyed by investments approved under the law continue to apply, but cannot be extended. Many Angolan companies have the know-how to work with foreigners and help put together a successful project. The NPIL has removed this requirement, so that foreign investors can now submit proposals for investment projects below US Dollars 1, Although the law provided for some tax incentives, these were calculated separately depending on whether they were Capital Income Tax, Industrial Tax or Property Transfer Tax.
The agency works within a legal framework that provides financial incentives for investment and seeks to assist investors through streamlined application procedures. Local Content Under the law, foreign investors were encouraged, although not required, to enlist a local partner on their projects.
Obtaining ANIP approval was a lengthy process. Once the project is underway, foreign investors have the right to repatriate profits, dividends and other income.
Monday, Dec 31, In order to achieve this objective, the ANIP which has been the relevant authority for approving investment projects for over ten years is no longer responsible for approving investment contracts.
ANIP to be transformed into investments promotion agency – Economy – Angola Press – ANGOP
Angolla now for your free, tailored, daily legal newsfeed service. Japan Sep 21, Distributed with: Japan Apr 06, Incentives and tax benefits are now analysed objectively in accordance with specific criteria included in the NPIL, including allowing for the gradual reduction of Industrial Tax, Investment Income tax, and Urban Property Tax; and Eliminating the minimum investment amount requirement for all foreign investment proposals. The same law also bestows competence to approve or turn down anvola investment requests on the Technical Unit for Contracts UTC.
With smart investments in airports ajip seaports, the export of its resources can be eased and the country can become a regional transport hub. Economic and Military Stability. Further regulation must be brought into force to confirm the approval process. Fiscal Terms Once the project is underway, foreign investors have the right to repatriate profits, dividends and other income.
Angola: Anip to Be Transformed Into Investments Promotion Agency
Such criteria include a the creation of jobs for Angolans; b equity held by Angolans; and c national added value. However, proposals which do not meet the previous threshold will not be eligible for certain tax incentives or benefits under the NPIL. Like its predecessor, the NPIL sets out the rules applicable to investments made in Angola, including tax benefits and incentives, investor protections and restrictions on repatriation of funds by foreign investors.
Angola Press Agency Luanda. Follow Please login to follow content. Under the law, foreign investors were encouraged, although not required, to enlist a local partner on their projects. Indirect investment is defined to include shareholders loans, supplementary capital contributions and franchising.
However, Article 30 of the NPIL expressly states that fiscal incentives are exceptional in nature, not given indiscriminately or automatically or for an unlimited period. Luanda, the capital of Angola, has the characteristics of a city with a great development potential. Making the eligibility criteria for tax benefits more objective and transparent. They guide prospective investors through the application process and facilitate communication with other government ministries.
If you would like to learn how Lexology can drive your content marketing strategy forward, please email enquiries lexology. The NPIL limits indirect investment to the extent that indirect investment cannot outweigh direct contributions. The NPIL compels foreign investors to act alongside local Angolan partners when investing in the following industries: AllAfrica publishes around reports a day from more than news organizations and over other institutions and individualsrepresenting a diversity of positions on every topic.
Japan Sep 06, It has long been a major buyer of Angolan oil, and Angola is the third-biggest trade partner for the U. Now, tourists will find more lodging options in urban centers than ever before.