Private investment in Angola to be made easier

25 April 2014

Angolan businesspeople that plan to obtain incentives via investment projects agreed with the National Private Investment Agency (ANIP) will need to invest just US$0.5 million, Angolan weekly newspaper Expansão reported.

The change benefitting Angolan businesspeople is part of the proposed change to Law 20/11 of 20 May, the so-called Private Investment Law (LIP).

The newspaper added that for foreign investors the minimum investment of US$1 million per project will still apply, but that this figure would be “per private investor.”

With the change to Law 20/11 private investors are considered to be corporate investors, unlike what is set out in the current law, where each partner of the investing body are considered to be one private investor.

Under current legislation if a company that applies for LIP incentives has five foreign partners each of them would be considered to be a “private investor” and each would have to invest US$1 million, raising the minimum investment to US$5 million. (macauhub/AO)