Ecolex Logo
The gateway to
environmental law
Search results » Legislation

Private Investment Law (No. 10/18).

Country/Territory
Angola
Document type
Legislation
Date
2018 (2021)
Source
FAO, FAOLEX
Original source
Diário da República, I Série, No. 92.
Subject
Agricultural & rural development, Livestock, Forestry, Land & soil, Water
Keyword
Public private partnership (PPP) Agricultural development Smallholders/peasants Agricultural land Subsidy/incentive Agro-forestry Forest management/forest conservation Afforestation/reforestation Land tenure Lease Animal health Animal production Water supply
Geographical area
Africa, Central Africa, Least Developed Countries, South Atlantic
Entry into force notes
This Law enters into force on the day of its publication.
Abstract

This Law, consisting of 52 articles divided into nine Chapters, establishes the general principles and basis of private investments in the Republic of Angola, determining the benefits and concessions that the Government of Angola grants private investors and the criteria for accessing them, as well as establishing rights, duties and guarantees of private investors. The present Law is applied to private investments of any value, whether it is carried out by domestic or foreign investors. The present Law is not applicable to investments carried out by public domain companies in which the Government holds most capital. The present Law is not applicable, yet, to those sectors of activity whose investment regime is regulated by special law. Private investment and granting of benefits follow the following general principles: a) Respect for the principles and goals of national economic politics; b) Respect for private property and other rights; c) Respect for market economy regulations, in the basis of values and principles of healthy competition, morality and ethics between economic agents; d) Respect for free economic and corporate initiative, except for areas defined as being reserve of the Government by the Constitution and by law; e) Guarantees of investment safety and protection; f) Guarantees of free property and capital circulation, within the legal terms and boundaries; g) Respect for bilateral and multilateral agreements and treaties on the matter which the Government is part of.

Full text
Portuguese/English
Website
www.legis-palop.org