Revises the Investment Code to promote additional investment

On 22 January 2019, Mauritania adopted Law No. 2019-002 which amends certain provisions of Law No. 2012-052 of July 31, 2012, on the Investment Code. The law introduced significant changes to the areas of application of the Code and the eligibility thresholds for investment.

Areas of Application: The updated Code does not restrict foreign investments to specific sectors, allowing them to target any sector of the economy. It also broadens the scope of sectors that can benefit from the incentives provided under the Code, ensuring that both domestic and foreign investments are treated equally across various sectors of the economy.

Eligibility Thresholds: The law also revises the eligibility thresholds for investments to qualify for the incentives and protections offered by the Investment Code. The establishment of a business corporation now requires a minimum registered capital of UM 5 million (ancient ouguiya), while limited companies require a minimum of UM 1 million (ancient ouguiya) and at least two partners.

• Type:

  • Entry and establishment (Ownership and control)
  • Treatment and operation (Non-discrimination)
  • Promotion and facilitation (Investment incentives)

• Industry:

  • Not industry specific

• Sources:

  • Government Portal, development. Loi n°2019-002 modifiant certaines dispositions de la loi n°2012-052 du 31 juillet 2012 portant Code des investissements., https://www.msgg.gov.mr/sites/default/files/2020-11/J.O.%201431F%20DU%2015.02.209.pdf, 15 Feb 2019