Resource Bank
Incentives for Investment:
The government has been seeking to adjust incentives since pre-independence, as well as creating other incentives to make Angola a more competitive country. By law, all kinds of raw materials, equipment and spare parts purchased and destined for the productive sector, such a manufacturing are exempt from duties/taxes.
Some of the following types of incentives are being used:
- Financial incentives: concession of warranties, credit to small and medium size companies
- Substructure incentives: set up of companies
- Fiscal incentives
- Customs incentives
- Exporting incentives
- Labour force incentive
In addition to these incentives, price control systems are gradually being taken out of government control guarantees to Investors:
– Transfer of dividends Indemnification right
– Internal and external credit