According to indications from the National Agency for Private Investment - ANIP, investing in Angola is very advantageous. Below find hints on the website www.investinangola.org
Reasons to Invest in Angola: Economic and Military Stability
Economic and Military Stability. Everyone who knows Angola comes across a new country today. A more dynamic and safer country, with political, military and economic stability, Angola is going through the most prosperous moment of its history. War belongs to the past. In three years alone, the country got reorganized to start its process of reconstruction.
Luanda, the capital of Angola, has the characteristics of a city with a great development potential. Civil construction takes a remarkable relevance within this new socio-economic context. Several buildings are being built in various points of the capital. Restaurants and bars are offering the most varied and sophisticated dishes of the local and world cuisine. Several foodstuffs and electronic appliances are available in the Luanda market. The provinces of the Angolan vast national territory are developing, by expanding the infrastructure required for the construction of a strong nation. Angola's president is José Eduardo dos Santos, of the MPLA party. The currency is becoming stronger, day by day, stimulating the consuming habit within the Angolan and foreign populations who live in the capital and in the provinces.
Political and economic stability has opened new and excellent opportunities for investment in the country. In brief, all social, economic and political aspects are favourable to progress. This is how Angola presents its new reality to the world: working together today, to grow together tomorrow.
Industrial Tax Exemption Regime
Government incentives vary in accordance with the province in which the investment is made.
15 YEARS EXEMPTION - Investors will be free from paying tax on the capital invested, for a period of 15 years, when they invest in the provinces of Huambo, Bié, Moxico, Kuando Kubango, Cunene, Namibe, Malanje and Zaire.
12 YEARS EXEMPTION - Investors will be free from paying tax on the capital invested, for a period of 12 years, when they invest in the provinces of Kwanza Norte, Kwanza Sul, Bengo, Uíge, Lundas and inland municipalities of Benguela, Cabinda and Huíla.
8 YEARS EXEMPTION - Investors will be free from paying tax on the capital invested, for a period of eight years, when they invest in the provinces of Benguela, Cabinda and Huíla, and in the municipality of Lobito.
ANIP works to promote private investment by Angolan and foreign nationals in targeted industry sectors and development zones. The agency works within a legal framework that provides financial incentives for investment and seeks to assist investors through streamlined application procedures.
The project analysts provide interested parties with advisory support relative to potential development projects. They guide prospective investors through the application process and facilitate communication with other government ministries.
Investors interested in submitting a proposal to ANIP can obtain an application from ANIP for a fee of US$150. This form can be purchased at the offices of ANIP in Luanda and Washington DC.