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. Private investments can be domestic, foreign or mixed. Under the terms and for purposes of the present Law, the following are considered operations of domestic investment, among others: Conclusion of lease contract of land for agricultural purposes and transfer of rights on land; Conclusion of lease or land exploitation contracts for agricultural, livestock and silvicultural purposes; etc. For purposes of granting benefits are considered as priorities the market segments in which there is an identification of potential replacing of importations or promoting and diversification of the economy, including exportation, under the following sectors: Education, Technical-Professional Training, Higher Education, Scientific Investigation and Innovation; Agriculture, Food and Agroindustry; Health Units and Specialized Services; Reforestation, Industrial Transformation of Forest and Silviculture Resources; Production and Distribution of Electric Energy; Basic Sanitation, Collecting and Processing of Solid Waste, etc.
Ангола · 2018-06-26