Clarifies procedures for investment incentives
15 May 2012
Presidential Decree 84 of 2012 clarifies the administrative procedures that apply to national and foreign investment above US $10 million. According to Law 20/11, only investments above US $1 million per shareholder are eligible for the granting of tax and customs duties exemptions. According to the new measure, the National Private Investment Agency (ANIP) carries out the preliminary assessment of the investment projects, while a specific committee to be appointed by the Government negotiates the tax incentives.
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Type:
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Promotion and facilitation (Investment incentives)
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Industry:
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