Timor-Leste offers incentives to investors

19 February 2016

Timor-Leste (East Timor) offers tax advantages and other incentives to those who want to invest in the country and is working to overcome the shortcomings that still exist in terms of legislation, the country’s Trade Minister said Thursday in Dili.

Constancio Pinto, who is also the Industry and Environment Minister, was presenting the 2nd meeting of trade ministers and of the 1st Economic Forum of the Community of Portuguese-speaking Countries (CPLP), taking place next week in Dili.

“Timor-Leste is located in what is an economically very active region and can be the gateway or bridge between the countries of the CPLP and Asia-Pacific,” he said, cited by Portuguese news agency Lusa.

Zacarias da Costa, former Foreign Minister and chairman of the organizing committee of the 1st Economic Forum of the CPLP, highlighted the interest that the meeting was generating, with more than 400 registered companies.

To date the Commission has received more than 300 requests for business to business meetings, one of the main components of Dili Forum, taking place from 25-27 Februarysoon after the meeting of CPLP ministers, which begins on Monday.

Delegations from about two dozen countries, including the members of the CPLP states and nations from Asia and the Pacific are included in the forum, which will feature an exhibition area of over 30 national, corporate and institutional pavilions. (macauhub/AO/BR/CV/GW/MZ/PT/ST/TL)