Adopted new Investment Code
28 Dec 2020
On 28 December 2020, the Union of the Comoros adopted a new Investment Code to promote investment in the country. Compared with the 2007 Investment Code of 2007, the 2020 version introduced several new provisions, including:
- Investment Incentives: The code offers more detailed information on investment incentives, including tax breaks, subsidies, or other benefits to attract foreign investment.
- Regulatory Framework: The code institutes a more comprehensive regulatory framework for investment, including stricter compliance requirements, enhanced transparency, and stronger governance structures.
- Customs Procedures: The code streamlined customs procedures to facilitate trade and investment.
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Type:
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Promotion and facilitation (Investment facilitation , Investment incentives)
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Industry:
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Sources:
