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Law No. 8/2023 establishing the legal regime, the bases and general principles applicable to private investments in the Republic of Mozambique and eligible for the enjoyment of fiscal and non-fiscal guarantees and incentives.

Country/Territory
Mozambique
Document type
Legislation
Date
2023
Source
FAO, FAOLEX
Original source
Boletim da República, I Serie, No. 111, 9 June 2023.
Subject
General
Keyword
Business/industry/corporations Public private partnership (PPP) Sustainable development Fiscal and market measures Concession
Geographical area
Africa, Eastern Africa, Indian Ocean, Least Developed Countries
Entry into force notes
This Law enters into force 90 days after its publication.
Abstract

This Law establishes the legal regime, bases and general principles applicable to private investments in the Republic of Mozambique and eligible for fiscal and non-fiscal guarantees and incentives. This Law applies to all enterprises of an economic nature that take place in Mozambican territory that intend to benefit from guarantees and incentives of a fiscal or non-fiscal nature, applicable, namely: a) national and foreign investments; b) public-private partnership ventures, large-scale projects and business concessions. It does not apply: a) to investments in the areas of prospecting, research and production of oil, gas and the extractive industry of mineral resources, etc. The investment policy enshrined in this Law has the following principles: a) pursuit of the objectives of national economic policy; b) equal treatment and non-discrimination between national and foreign investors and workers; c) respect for property rights and other real rights; d) compliance with the rules of the market economy; e) competition and ethics between economic agents; f) respect for the principle of free economic initiative; g) guaranteeing the security and protection of investment; i) respect for International Law.

Full text
Portuguese
Website
www.legis-palop.org