Inform yourself. Get to know all the procedures.
– ANIP was the institution that received, analysed, negotiated and approved projects of private investments amount up to USD 10,000,000.00 under Law nº 20/11 from the 20th of May. It was also the institution responsible for the promotion and attraction of foreign investment.
– Under the reform of the private investment system and the adoption of the new legislative package, ANIP was extinguished and the different assignments were spread to the newly created institutions, notably:
a) APIEX – Agency for the Promotion of Investment and Exports which has the task of promoting and attracting investment projects, promoting abroad the image of Angolan, brands and Angolan products that have an impact on exports;
b) UTAI’s – Provincial Government Technical Units to support investors in each province.
c) UTAIP’s – Technical Unit to Support Private Investment for each ministerial department whose function is to receive, analyse and manage private investment projects up to USD 10,000,000.00.
d) UTIP – Technical Unit for Private Investment, whose function is to receive, analyse and manage private investment projects exceeds or is equivalent to USD 10,000,000.00.
– According to the new Private Investment Law, Law n.º14 / 15 of August 11th, it applies to foreign investments of any amount and the amount of domestic investment that equals or exceeds AOA 50,000,000.00 (Fifty million Kwanzas).
– For the application of tax benefits and incentives, the Law applies to the amount of foreign investment equivalent to or greater than US $ 1,000,000.00 (one million US dollars) and domestic investments of equivalent or greater amount to USD 500,000.00 (five hundred thousand US dollars).
– The investment process starts with the submission of two copies of the investment proposal either to a Technical Unit in Support of Private Investment under a Ministerial Department if the global investment amount is less than USD 10,000,000 or to the Technical Unit for Private Investment when the global investment amount is equal to or exceeds USD 10,000,000.
– As part of the procedure the following documents should be submitted:
a) Investment project presentation form
b) Copy of the legal documentation of the applicant
d) Environmental Impact Assessment
e) Plan for employee training
f) Documents evidencing the financial and technical health of the promoter company
– The mandatory partnership sectors are:
– Mandatory participation is 35% equity and effective participation of Angolans in the company management.
– O sector do gás pertence a área petrolífera. Tal como as actividades na área dos minerais e das instituições financeiras, são actividades que pertencem ao regime especial de investimento, sendo que os direitos, garantias e incentivos, são estabelecidos em diplomas próprios.
– As activities in the area of minerals and financial institutions belong to the special arrangements for investment, their rights, guarantees, and incentives are established in their particular decrees.
– The transfer of profits and dividends is a right of foreign investors. In coordination with the National Bank of Angola (BNA) and in accordance with the foreign exchange legislation. As soon as the investment project is implemented the foreign investor can transfer:
a) Dividends or distributed profits
b) Proceeds from the liquidation of investments, including capital gains;
d) Royalties or other compensations associated with the transfer of technology or know-how.
– The granting and termination of fiscal incentives obey the tax system in the Customs Tariff of Import and Export.