Zimbabwe

Zimbabwe

Promulgates General Investments Regulations, 2023

14 Nov 2023

On 14 November 2023, Zimbabwe promulgated the General Investments Regulations, S.I. 227 of 2023. These regulations establish the licensing procedures for general investment licenses. They also delineate separate processes for investor licensing and registration. Investor registration is available to all existing investment projects established without the Zimbabwe Investment Development Agency Investment License. This applies to investors who are not located in a Special Economic Zone (SEZ) or engaged in a Public Private Partnership. Furthermore, the Regulations introduce an Investor Grievance Response Mechanism (IGRM), designed to settle early-stage investor grievances before they escalate into full-blown legal disputes.