Informação útil sobre Angola

129 Pages·2014·3.22 MB·English

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Informação útil
sobre Angola
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PORTUGAL - Braga
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([phone]
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ANGOLA - Luanda
BRASIL - São Paulo
POLÓNIA - Katowice
HOW TO INVEST IN ANGOLA • ANGOLAN NATIONAL PRIVATE INVESTMENT AGENCY - ANIP
HOW TO
INVEST IN
ANGOLA
THE ONE-STOP GOVERNMENT ENTITY FOR
PRIVATE INVESTMENT ISSUES
BY
MARIA LUÍSA ABRANTES
TRANSLATION AND COPY-EDITING
LYNN DE ALBUQUERQUE
ANIP HEADQUARTERS
RUA CERQUEIRA LUKOKI Nº 25, 9º ANDAR
LUANDA - ANGOLA
TEL: +( 2442 ) 391 434 / 331 252 / 92444 - 222
DATE
FAX: + ( 2442 ) 393 381
FEBRUARY 2014
[email protected]
www.anip.co.ao
PRODUCED BY
ZONGUE PRODUCTION
COPYRIGHT©
DESIGN BY
VELCRUM.PT ANIP - AGÊNCIA NACIONAL DE INVESTIMENTO PRIVADO
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MARIA
LUíSA
ABRANTES
Secretary of State and
Chair of the Board
of Directors
CEO
ANIP / USA
Dear Investor,
Angola, with an attractive market of some 20.9 million consumers, is strategically located
on the Atlantic coast of West Africa, where it acts as an open gateway to Southern and
Central Africa by way of road and railroad networks.
Forming approximately 12% of Africa’s hydrographic network, the country boasts very rich
WATER RESOURCES, with good arable land and a vast potential in mineral resources.
Angola is currently “navigating” the turbulent waters of international economic turmoil
with economic growth and stability, even though the Government is heavily engaged in
financing the renovation and construction of basic infrastructure, as well as schools and
hospitals.
The Angolan Government, working through the National Private Investment Agency-ANIP,
which is the only accredited entity responsible for its private investment policy (national
and FDI), is thoroughly committed to protecting every private investor wishing to invest in
Angola.
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HOW TO
INVEST IN
ANGOLA
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HOW TO INVEST IN ANGOLA • ANGOLAN NATIONAL PRIVATE INVESTMENT AGENCY - ANIP
ANIP MISSION
AND MAIN ACTIVITIES
• Promote the Government’s policy on foreign investment, agreements for technology imports, and perform any activities
assigned to it by the Government in this matter;
• Coordinate, guide and oversee private investment in Angola;
• Promote the participation of the country in International Organizations at meetings on foreign investment and technology transfer issues;
• Undertake, either in Angola or abroad, promotional actions to attract those private investments that are most beneficial
to the country’s economy;
• Analyze direct investment proposals and/or technology import agreements, and grant the necessary legal authorizations;
• Intervene in evaluating, negotiating and monitoring every phase of private investment agreements;
• Advise and guide investors in the installation phase, particularly when in contact with other local entities;
• Keep a register of national companies with foreign capital, foreign investment operations, and of other capital operations
of foreigners in national companies.
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ANGOLA
GENERAL DATA
GEOGRAPHICAL LOCATION DATA: West Coast of Southern Africa
AREA: 1,246,700 km2; 1,650 km maritime frontier; 4,837 km land frontier
FRONTIER: by land 4,837 km; Congo, Democratic Republic of Congo, Zambia and Namibia; sea - 1,650 km Atlantic Ocean
CLIMATE: Tropical
AVERAGE AIR TEMPERATURE: 30ºC (max), 17ºC (min)
INHABITANTS: 20,900,000
CAPITAL: Luanda (more than 5,000,000 inhabitants)
ADMINISTRATIVE DIVISION: 18 Provinces
MAIN CITIES: Luanda, Benguela, Lobito, Lubango, Namibe and Cabinda
MAIN HARBORS: Luanda, Lobito and Namibe
MAIN AIRPORT: 4 de Fevereiro in Luanda
MAIN RIVERS: Kwanza, Cunene and Cubango
HIGHEST POINT: Moco Hill (2.620m) in Huambo
MAIN BEACHES: Ilha do Cabo, Palmeirinhas and Mussulo (Luanda); Baía Azul, Caota and Caotinha (Benguela); Restinga (Lobito);
Miragens, Azul (Namibe)
LANGUAGE: Portuguese - official; Plus various local dialects: The main ones being Umbundu, Kimbundu, Kikongo, Fiote, Chokwé, etc
MAIN RELIGIONS: Catholic and Protestant
CURRENCY: Kwanza (Kz)
PRESIDENT: José Eduardo dos Santos
GOVERNMENT: Democracy led by MPLA
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HOW TO INVEST IN ANGOLA • ANGOLAN NATIONAL PRIVATE INVESTMENT AGENCY - ANIP
GENERAL GOALS
FOR ECONOMIC POLICY
• Achieve and consolidate political stability;
• Maintain and consolidate current macro-economic stability;
• Improve productive and social infrastructures;
• Revive the production of national goods and services;
• Reform the administration of the State throughout the whole of national territory;
• Improve social services (Education and Health);

ECONOMIC POLICY ASSUMPTIONS:
• Anual oil production: 641.7 million barrels per year
• Oil price: 98 (USD/bbl)
CURRENT GOALS:
• General rate of growth of GDP: 8%
• Oil & Gas GVA growth rate: 9.7%
• Non Oil & gas growth rate: 4.5%
• Annual inflation rate between 7 and 9%
MACROECONOMIC POLICY 2011 2012 2013 2014
ECONOMIC POLICY ASSUMPTIONS
ANNUAL OIL PRODUCTION (Million Barrels) 605.9 657.3 673.5 641.7
OIL PRICE ( USD / Barrel ) 110.1 103.8 96 98
CURRENT GOALS
GENERAL RATE OF GROWTH OF GDP % 3.9 8.1 5.1 8
NON - PETROLEUM GVA GROWTH RATE % 9.7 9.1 6.6 4.5
PETROLEUM GVA GROWTH RATE % 5.6 4.3 7.3 9.7
ANNUAL INFLATION RATE 11.4 9.02 9 7 to 9
FISCAL GOALS
REVENUE 42.2 43.3 38.2
GDP (2012): USD 114,12 BILLIONS
GDP PER CAPITA (2012): USD 6,200 PER YEAR
EXPENDITURE 33.4 35.6 41.6 FOREIGN EXCHANGE RESERVES: USD 34.4 BILLION
SOURCE:HTTP://www.mINFIN.GV.AO/DOCS/DSPORCACORREN.HTm
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HOW TO
INVEST
THE
INVESTMENT
FROM USD 1 MILLION
APPROVAL APPROVAL
CONTRACTUAL CONTRACTUAL SCHEME
SCHEME ( ANIP ) ( CABINET )
UP TO USD 10 MILLION OVER USD 10 MILLION
= 60 DAYS ( MAXIMUM ) = 75 DAYS ( MAXIMUM )
ANIP
APPLICATION FORM
USD 250
EXCEPTION
Shares held by Private Companies, where the State owns 50% or more of the capital
stock, are not considered as coming under the private investment regime.
REQUIRED DOCUMENTATION
1. Presentation of Proposal: Form ( description, inventory of equipment and facility )
1.1. Bylaws if investor is shareholder of already existing company
2. Draft Articles of Incorporation for Creation of Company
3. Certificate authorizing company name
4. Annual Financial Reports for the last 3 years - Investments in individual name
4.1. Certificate of financial capacity
4.2. Certified criminal record
5. Power of Attorney ( if necessary )
AFTER APROVAL
ANIP - ISSUES CRIP AND SENDS COPIES TO:
• Central Bank (BNA), which authorizes foreign capital transactions
• Customs Authorities
• Regulatory Ministries
INVESTOR SHOULD:
• Register company
• Publish bylaws in State Gazette ( Diário da República )
• Obtain business activity license ( Ministry of Commerce )
• Register with tax authorities ( Ministry of Finance )
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HOW TO INVEST IN ANGOLA • ANGOLAN NATIONAL PRIVATE INVESTMENT AGENCY - ANIP
DIVIDENDS

ZONE A
( Luanda, principal municipalities of Benguela, Lobito, Huila and Cabinda )
• From USD 50 million – Transfer of Dividends upon 1st year
• From USD 10 million up to USD 50 million – Transfer of Dividends upon 2nd year
ZONE B
( Remaining municipalities of Benguela, Cabinda, Huíla, C. Norte, Bengo, Uíge, C. Sul, L. Norte and L. Sul )
• From USD 5 million – Dividend transfer upon 1st year
• From USD 1 million up to USD 5 million – Dividend Transfer upon 2nd year
ZONE C
( Huambo, Bié, Moxico, C. Cubango, Cunene, Namibe, Malanje and Zaire )
• To be negotiated
THE REPATRIATION OF DIVIDENDS DEPENDS ON:
1. Investment amount
2. Period of investment concession
3. Fiscal and Customs incentive rate percentages
4. Duration of investment
5. Socio-economic impact of the investment on reducing poverty
The rates of the dividends to be transferred are negotiated on a case-by-case basis and must be part of the investment articles of incorporation.
Investors are responsible for maintaining all accounting records duly certified and up-to-date
TAX INCENTIVES
1. INCENTIVES ARE ALLOWED IN THE FOLLOWING AREAS
• Infrastructures ( roads, railroads, highways, ports and airports )
• Industry ( civil construction, manufacturing, tools, recycling, textiles, information and communications technologies, social housing )
• Transportation
• Agriculture and cattle breeding
• Energy and Water
• Telecommunications
• Fishing ( boats, nets )
• Industrial hubs
• Free zones
2. INCENTIVES ARE ALSO GRANTED TO:
• Enhance the capacity of national productivity
• Encourage partnership between national and foreign investors
• Transfer technology and improve productivity
• Job creation
• Increase the country’s Exports - and decrease its Imports to improve foreign currency reserves
• Help supply the Internal Market with goods and services under competitive conditions
• Promote technological development and local product quality
• Promote incorporation of national raw materials and add value to national products
• Rehabilitation, expansion and modernization of basic infrastructure.
REDUCTION OR EXEMPTION INCENTIVES ARE NOT AUTOMATIC
The Corporate Tax System Exemption Rate Is 35%
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