Approves a new law to foster private investment
04 May 2023
On May 4, 2023, the Parliament of Mozambique passed a new Private Investment Law aimed at fostering investment in the country. The law incorporates several measures to encourage investment, such as tax benefits, accessible land, simplified procedures for licenses and permits, and protection against expropriation.
Moreover, the law introduces provisions to promote responsible investment practices and streamline investment processes. It explicitly emphasizes the social responsibility of investors, highlighting the significance of sustainable and inclusive business operations. The law also establishes different investment regimes, providing flexibility in registration procedures through either a simplified regime or an authorization-based approach. Additionally, as of May 1, 2023, it eliminates entry visa requirements for 29 countries.
-
Type:
-
Promotion and facilitation (Investment facilitation , Investment incentives)
-
Industry:
-
Sources:
