Amendment of the Investment Code and new investment entity

Burundi promulgated a new Investment Code on 17 June 2021. In order to be eligible for the benefits set in the Code, a foreign investment project should be of at least $500,000 (or the equivalent in Burundian franc for Burundian investors) if the investment takes place in Bujumbura, and at least $250'000 in other localities. The law enumerates, inter alia, the advantages granted to the certified investor and the obligations of the investor.

The law also replaces the former investment promotion agency (API) with the Burundi Development Agency (ADB), making it the only interlocutor of all investors seeking business opportunities in Burundi. It expands its mission beyond the promotion of investments to include a development dimension, namely missions related to the realization of studies of projects to be sold to investors and the conduct of prospecting and research to identify investment opportunities.

• Type:

  • Promotion and facilitation (Investment facilitation )
  • Promotion and facilitation (Investment facilitation , Investment incentives)

• Industry:

  • Not industry specific

• Sources:

  • Government, Analyse et adoption du Projet de Loi Portant Révision de la Loi N°1/24 du 10 septembre 2008 Portant Code des Investissements du Burundi, https://www.assemblee.bi/spip.php?article2335, 29 Apr 2021
  • Invest in Burundi, Law N ° 1/19 of June 17, 2021 Amending the Investment Code of Burundi., https://www.investburundi.bi/images/2021/LOI_17_JUIN_2021_CODE_DES_INVESTISSEMENTS.pdf, 02 Jul 2021
  • Invest in Burundi, Law N ° 1/19 of June 17, 2021 Amending the Investment Code of Burundi., https://www.investburundi.bi/index.php/espace-medias1/actualite/636-loi-n-1-19-du-17-juin-2021-portant-modification-du-code-des-investissements-du-burundi, 02 Jul 2021