Tajikistan amends its investment law
03 Mar 2016
On 3 March 2016, the Parliament adopted a new law "On Investments" which applies to both foreign and domestic investors. The law has entered into force on 18 March 2016. It includes the main provisions of the previous investment law, but provides more detailed rules on the implementation of investments, the implementation of the provisions of the legal stability regime and guarantees in case of expropriation. In particular, the law defines the possible forms of investment in Tajikistan (Art. 4), limits the scope of application of the provisions on the legal stability regime (Art. 8) and includes the principle of "prompt. adequate and effective" compensation in case of expropriation (Art.14). It also provides a "single window" to facilitate investment.
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Type:
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Treatment and operation (Nationalizations and expropriations, Capital transfer and FOREX, Dispute settlement)
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Promotion and facilitation (Investment facilitation )
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Industry:
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