Ecolex Logo
The gateway to
environmental law
Search results » Legislation

Investment Promotion Act, 2009.

Country/Territory
South Sudan
Document type
Legislation
Date
2010
Source
FAO, FAOLEX
Subject
Agricultural & rural development, Water, General
Keyword
Framework law Agricultural development Business/industry/corporations Capacity building Fiscal and market measures Governance Subsidy/incentive Institution Public participation Sustainable development
Geographical area
Africa, Landlocked Developing Nations, Least Developed Countries, Northern Africa, Sahel
Abstract

This Act is made to provide for the promotion and facillitation of investment and the creation of administrative, operational and government framework of the Southern Sudan Investment Authority. The law applies to all investments within the country. The Act establishes the South Sudan Investment Authority as a body corporate and gives it the objectives to encourage and promote domestic and foreign investments in the country so as to strengthen and diversify the economy, promote surplus production, economic growth and development, realize self-sufficiency and creation of surplus for export, contribute towards poverty eradication, among others. Consequently, the Authority functions to actively promote investments, provide facilitation services to investors interested in investing in South Sudan, receives and processes applications for investment certificates, among others. The Act provides for the management and constitution of the Authority, as well as its funding. As a condition precedent to any form of investment, the Act requires an investment certificate, and this applies to both national and foreign investors. It provides for the procedure for application and issuance of the certificate. The Act provides for the grant of investment incentives including concessions, privileges and preferential treatments etc.

Full text
English

References - Legislation

Repeals

Investment Act, 2004.

Legislation | South Sudan | 2004

Keyword: Framework law, Institution, Agricultural development, Fiscal and market measures, Foreign land tenure

Source: FAO, FAOLEX