Investment Policy Monitor
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UNCTAD has been collecting information on changes in national foreign direct investment (FDI) policies on an annual basis since 1992. This collection has provided input to the analysis of global and regional investment policy trends in the World Investment Report, the quarterly Investment Policy Monitor (since 2009) and the UNCTAD-OECD Reports on G20 Measures.
In 2011, to further strengthen the quality of reporting, UNCTAD revised the methodology of monitoring investment policy measures. and revised the measures going back to 2000 accordingly.
The Investment Policy Monitor provides the international investment community with country-specific, up-to-date information about the latest developments in foreign investment policies.
Through its monitoring of investment policy changes, UNCTAD offers cutting-edge and innovative contributions to investment policy discourse, and contributes to preparing the ground for future policymaking in the interest of making foreign investment work for growth and development.
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Note: the policy measures are identified through a systematic review of government and business intelligence sources. Measures are verified, to the fullest extent possible, by referencing government sources. The compilation of measures is not exhaustive.
Disclaimer: the boundaries and names shown and the designations used on this map do not imply official endorsement or acceptance by the United Nations.
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- Benin - Adopts a new Investment Code
Benin
Adopts a new Investment Code
20 Mar 2020The Investment Code (Act No. 2020-02), which was adopted on 20 March 2020, replacing the Investment Code of 1990 and its amendments, offers clear and precise tax incentives, including advantages. and benefits. It also offers new guarantees to investors, including protection of intellectual property rights such as patents, trademarks and trade names. Without imposing performance requirements, the state facilitates investor’s access to developed industrial zones, agricultural land, industrial zones, and areas of interest by investors. Also, it urges international investors to train local personnel through continuing education, development of skills and transfer of technology, while conditioning access to privileged regimes on increasing the qualification of local employees. It reinforces transparency requirements on investments. Unlike, the previous Code, which the mandate for approval process mainly to the Minister for Planning and Development, the 2020 Code, provides for three main state institutions for dealing with investment, namely (i) The National Agency, for acting as a one-stop shop, (ii) The Investment Control Commission, for verifying conformity of investment, commitment of investors and installation of investor and (iii) The Inter-ministerial Committee for Investment Promotion, for monitoring and evaluating investments, especially those that have benefited from stated advantages, and for supervising the activities of the National Agencyand the Investment Control Commission. Furthermore, while both codes provide for an amicable settlement procedure in the event of disputes between investors and the state, the 2020 Code adds that difficulties of interpretation of the provisions are settled by instructions of the Inter-ministerial Committee for Investment Promotion on the proposal of the National Agency. In addition, the parties may, henceforth, agree to submit their dispute to the Arbitration, Mediation and Conciliation Centre of Benin, the Common Court of Justice and Arbitration, the Multilateral Investment Guarantee Agency and International Centre for Settlement of Investment Disputes.
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Type:
- Entry and establishment (Access to land)
- Treatment and operation (Dispute settlement)
- Promotion and facilitation (Investment facilitation , Investment incentives)
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Industry:
- Not industry specific
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Sources:
- Government Portal, Investment code, Act No. 2020-02 of 20 March 2020, https://sgg.gouv.bj/doc/loi-2020-02/, 20 Mar 2020
- DlapipeAfrica.com, Benin's new Investment Code, https://www.dlapiperafrica.com/en/senegal/insights/2020/benins-new-investment-code.html, 18 Nov 2020
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UNCTAD has been collecting information on changes in national foreign direct investment (FDI) policies on an annual basis since 1992. This collection has provided input to the analysis of global and regional investment policy trends in the World Investment Report, the quarterly Investment Policy Monitor (since 2009) and the UNCTAD-OECD Reports on G20 Measures.
In 2011, to further strengthen the quality of reporting, UNCTAD revised the methodology of monitoring investment policy measures. and revised the measures going back to 2000 accordingly.
The Investment Policy Monitor provides the international investment community with country-specific, up-to-date information about the latest developments in foreign investment policies.
Through its monitoring of investment policy changes, UNCTAD offers cutting-edge and innovative contributions to investment policy discourse, and contributes to preparing the ground for future policymaking in the interest of making foreign investment work for growth and development.
-
Note: the policy measures are identified through a systematic review of government and business intelligence sources. Measures are verified, to the fullest extent possible, by referencing government sources. The compilation of measures is not exhaustive.
Disclaimer: the boundaries and names shown and the designations used on this map do not imply official endorsement or acceptance by the United Nations.