Adoption of new private investment law
26 Jun 2018
The new Private Investment Law was approved by Law No. 10/2018, of 26 June 2018, revoking the former Law No. 14/15. It introduced the following changes, among others:
• A minimum investment amount for access to tax benefits and incentives is no longer required;
• The local partnership requirement previously established for certain sectors of activity has been abolished;
• New implementation geographic development areas have been defined;
• It introduces two new procedural regimes:
(1) Prior-declaration Regime: applicable to investments not falling within the scope of priority sectors; investors may incorporate their local entities prior to the filing of investment proposals;
(2) Special Regime: applicable to investments in priority sectors; SPVs incorporated under this regime are exempted from payment of taxes and fees (customs duties included) for a period of up to 5 years.
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Type:
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Entry and establishment (Ownership and control)
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Treatment and operation (Operational conditions)
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Promotion and facilitation (Investment incentives)
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Industry:
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