Sudan

Sudan

Ratifies new investment law

03 Feb 2013

The new Investment Act 2013 offers, inter alia, tax and customs privileges and exemptions for periods set in the law and regulations. It also provides for special concessions to strategic projects, especially in less-developed regions. Furthermore, it stipulates that investors will now obtain permits from regional authorities, rather than the federal Government. Additionally, it makes provisions for the establishment of special courts to deal with investment-related issues and disputes. Finally, it offers guarantees to investors in case of nationalization or confiscation.