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Capital Protection & Repatriation

Incentives  /  Capital Protection & Repatriation

Capital Protection & Repatriation

  • Foreign Investors enjoy the same treatment as accorded to domestic investors.
  • Import of Foreign Capital, being cash or non-cash (in kind), is only subject to the Investment License and does not require any other license.
  • The volume of Foreign Investment in each individual case shall not be subject to any limitation.
  • Foreign Capital is guaranteed against nationalization and expropriation, and in such cases the Foreign Investor shall be entitled to receive compensation.
  • Transfer of the principal capital, profit and capital gains derived from utilization of capital shall be affected in the form of foreign currency or, as the case may be, in the form of goods, as set out in the Investment License.
  • The freedom to export goods produced by the Investee Firm is guaranteed and, in the event of any prohibition on the export, the goods produced may be sold in the domestic market, and proceeds of sale shall be transferable abroad in the form of foreign currency through the Country’s Official Monetary Network.
  • Investment may be made in all areas where the private sector activity is permitted.
  • There is no restriction on the percentage of foreign shareholding.
 

 

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