Raises minimum capital requirements for free transfer of funds
13 Apr 2021
The Decree No. 20/2021, of 13 April, which amends the Regulation of the Investment Law, raises the minimum capital requirement for foreign investors to be able to repatriate profits and invested capital (from USD 45'000 to USD 130'000).
Foreign investors whose activity meets at least one of the following requirements are also eligible for the right to transfer profits and re-exportable invested capital: (i) Generate an annual sales volume not less than three times the amount set out in the previous year, as from the third year of activity; (ii) Annual exports, of goods or services, at least to about USD 81 000 instead of to about USD 27 000); (iii) Create and maintain direct employment for at least twenty-five national workers, enrolled in the social security system from the second year of activity.
Finally, the revisions introduced institutional changes assigning APIEX (Agência Para a Promoção de Investimento e Exportações) the responsibility for all private or public, national or foreign investment processes.
-
Type:
-
Entry and establishment (Ownership and control)
-
Treatment and operation (Capital transfer and FOREX, Operational conditions)
-
Promotion and facilitation (Investment facilitation )
-
Industry:
-
Sources:
