Ecolex Logo
El portal del
derecho ambiental
Resultados de la búsqueda » Legislación

Investment Act No.11 of 2021.

País/Territorio
Sudán
Tipo de documento
Legislación
Fecha
2021
Fuente
FAO, FAOLEX
Materia
General
Palabra clave
Ley marco Negocios/industria/corporaciones Cuestiones de procedimiento Institución
Área geográphica
Africa, Naciones en desarrollo sin litoral, Países menos desarrollados, Africa del Norte y Cercano Oriente, Africa del Norte, Mar Rojo & Golfo de Adén, Sahel
Entry into force notes
This Law enters into force on the date of its signature.
Resumen

This Law consisting of 39 articles divided into IX Chapters aims at (i) building an environment conducive to investment to attract both national and foreign investors; (ii) creating a more predictable, transparent, and fair system that supports investment. Article 6 establishes the Investment and Private Sector Development Authority and the units it supervises and it is the main authority responsible for the investments. The Law also deals with the single window, to coordinate the different concerned ministries am=nd bodies (art.9). The Ministry every 5 years shall develop an Investment National Strategy in coordination with the concerned parties (art.15). Several tax exemptions are introduced by article 20, including customs, business profits tax, and VAT, among others, until the end of the capital recovery period for projects that achieve an economic benefit. Article 25 establishes the creation of an Investment Register that will gather all investing entities’ data and store it in modern and secure systems. Article 26 provides for the issuance of an investment procedural guide which includes all the conditions, procedures, timeframes prescribed for land allocation, issuance of approvals, permits, and licenses about investment activities to clarify and facilitate procedures for all investors. This guide will be accessible online and will be updated periodically. While a specialized insurance company, envisaged by article 27, will ensure investors against different risks (e.g., risks of nationalization, risks of war, domestic conflict and civil disobedience, risks of recession, etc.) for an annual premium.

Texto completo
Árabe
Página web
moj.gov.sd