New regulations issued for private investment in Angola
30 Sep 2015
The new regulations (Presidential order 182/15, of 30 September) for carrying out private investment in Angola stipulates the creation of a “fast lane” to speed up procedures and technical support units in each ministry. It provides that the investment process must be rapid and benefit from the practice of a ‘fast lane’ ("via verde"), with expedited and automated processing, dedicated, personalised support and computer integration of public services at a ‘service desk’ within each ministerial department.
Investments of less than US$10 million will be reviewed by the “ministerial department responsible for the main activity of private investment,” and above this amount the responsibility passes to the President, who can still delegate the review of the investment to the appropriate Ministry.
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Promotion and facilitation (Investment facilitation )
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