Adopts land act
14 Jun 2010
The Land Act 2010 allows foreign enterprises to hold title to land for investment purposes, provided that Basotho (nationals), whose land may be valued so that it may form part of the shareholding in such a partnership, constitute at least 20 percent of the membership or shareholding of the enterprise. In considering a grant or allocation of land to a foreign enterprise under this Act, the following factors should be considered: (a) the magnitude and origin of the tangible and intangible assets; (b) employment generation; (c) strategic nature of the enterprise; (d) whether the business in relation to the application provides for the transfer of business expertise; (e) advancement of business undertaking owned by citizens; and (f) environment protection.
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Type:
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Entry and establishment (Access to land)
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Industry:
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Sources:
