Angola: National Private Investment Agency to be restructured

22 October 2008

Luanda, Angola, 22 Oct – Angola’s National Private Investment Agency (ANIP) is set to be restructured in order to make its services more dynamic, Angolan news agency Angop reported Tuesday citing a dispatch from President José Eduardo dos Santos.

The agency added that the dispatch created a working group that si expected to propose a change in legislation and regulation for private investment, as well as a revision of tax, exchange rate and customs incentives to private investment.

The group will also be responsible for proposing effective means of regulating and assessing the results achieved by private investment and its coordination with the incentives provided.

The commission also plans to reflect on the problem of granting visas, as part of approved private investment processes, and re-thinking ANIP’s statutes, including its responsibilities and its coordination with State Administration bodies that deal with investment issues.

According to the presidential dispatch, the working group may request one-off cooperation from other State Administration bodies and the National Bank of Angola and should, within 90 days, conclude its work and send it to the Head of State for assessment. (macauhub)