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):||26 December 2011|
|PDF File Size:||15.75 Mb|
|ePub File Size:||4.49 Mb|
|Price:||Free* [*Free Regsitration Required]|
Making the eligibility criteria for tax benefits more objective and transparent. Share Facebook Twitter Linked In. This article assesses the rationale for the NPIL, its scope and what it may mean for future investment in Angola. More from Energy Law Exchange.
Angola: Anip to Be Transformed Into Investments Promotion Agency –
An opportunity qnip to be missed 7 years ago. The NPIL seeks to make investment in Angola more attractive to foreign investors by the introduction of the following measures:. Economic and Military Stability.
Industrial Tax Exemption Regime Government incentives vary in accordance with the province in which the investment is made.
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.
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 wnip.
We publish news and views ranging from vigorous opponents of governments to government publications and spokespersons.
See What Everyone is Watching. To contact the copyright holder directly for corrections — or for permission to republish or make other authorized use of this material, click here.
Everyone who knows Angola comes across a new country today. The NPIL compels foreign investors to act alongside local Angolan partners qngola investing in the following industries: 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.
Below find hints on the website www. ANIP works to promote private investment by Angolan and foreign nationals in targeted industry sectors and development zones.
In brief, all social, economic and political aspects are favourable to progress. In three years alone, the country got reorganized to start its process of reconstruction.
Sums which are reinvested into Angola, and not repatriated are not subject to this surtax. The project analysts provide interested parties with advisory support relative to potential development projects.
Japan Aug 02, Distributed with: Japan Apr 06, Distributed with: Local Content Under the law, foreign investors were encouraged, although not required, to enlist a local partner on their projects. Given its resources, geographic location and strong commitment to the rule of law and transparency, Angola is poised for a long stretch of economic growth. However, Article 30 of the NPIL expressly states that fiscal incentives are exceptional ankp nature, not given indiscriminately or automatically or for an unlimited period.
Several foodstuffs and electronic appliances are available in the Luanda market. Angola Press Agency Luanda. Several buildings are being built in various points of the capital.
Angola’s new private investment law – Lexology
The NPIL limits indirect investment to aniip extent that indirect investment cannot outweigh direct contributions. Japan Apr 06, Instead, the power to approve investment contracts is granted to the executive branch of government.
However, proposals which do not meet the previous threshold will not be eligible for certain tax incentives or benefits under the NPIL.
Publishers named above each report are responsible for their own content, which AllAfrica does not have the legal right to edit or correct.
Angola is also the destination of more FDI than any other country in Africa, and for good reason.
Angolan National Private Investment Agency (ANIP)
Any benefits enjoyed by investments approved under the law continue to apply, but cannot be extended. The same law also bestows competence to approve or turn down the investment requests on the Technical Unit for Contracts UTC. Located near the city of Lubango, Serra da Leba is famous for its altitude, for its beauty and also for the Serra da Leba pass. Receive our morning round up of the latest news, features and editorials. Obtaining ANIP approval was a lengthy process.
Japan Oct 19, Distributed with: When being part of a generation on which the flag of entrepreneurship seems to be constantly waving in the sea of young professionals looking to succeed in the business world, more often than not, we tend to drown in the Restaurants and bars are offering the most varied and sophisticated dishes of the local and world cuisine.
Luanda, the capital of Angola, has the characteristics of a city with a great development potential. I particularly like the user-friendly format, which I find highly efficient!
The new law, whose regulation is still to be approved, now gives competence to the ministerial departments to control the private investment initiatives in their respective sectors. Singapore Nov 12, An overused concept for an underused reality. Submit Proposal ANIP works to promote private investment by Angolan and foreign nationals in targeted industry sectors and development zones.
War belongs to the past. One of the objectives of the NPIL is to reduce the bureaucracy surrounding the procedures for the acceptance of eligible investments.