Luanda - The introduction of the Contractual Regime in the Private Investment Law (LIP) will allow the negotiation of tax incentives between state and potential investors.
The referred contract regime will also bring about the Tax Benefits Code, to be approved by the National Assembly.
With the Tax Benefits Code, it is expected to give flexibility to the process of private investment, allowing incentives to be granted, taking into account the specificities, characteristics and sectors, always considering the interests of investors and the state itself.
The proposal was analyzed this Wednesday, at the first meeting of the Supervisory Board of the Private Investment and Export Promotion Agency (Aipex), under the guidance of the Minister of State for Economic Coordination, Manuel Nunes Júnior, with the participation of ministers of the Commission on the Real Economy.
According to the administrator of Aipex, Lello Francisco, the proposal includes prerequisites for the Contractual Regime, but particularly for projects considered to be structuring for the national economy.
"The incentives provided for in this legal instrument are contained in the Code of Tax Benefits approved on Tuesday at the meeting of the Economic Commission of the Council of Ministers", said the official.
The tax incentives provided will be applied as soon as the Tax Benefits Code is approved by the National Assembly.
During the meeting, the participants also analyzed the implementation of the Single Investment Window (JUI), a mechanism that will force an organic restructuring of Aipex, within the framework of the amendment to the Private Investment Law.
With the SIW, according to Lello Francisco, a mechanism for facilitating the implementation of investments is created, reformulating the Agency's functional model, with the emergence of adjusted departments that now have adequate services.
"Investors who have projects approved by Aipex no longer go to other public administration services to obtain the necessary services for the implementation of their projects", said the official, sustaining that this service now has only a single point of contact.
The first meeting of Aipex's Supervisory Board also reviewed the 2021 strategic plan, which is aimed at attracting foreign direct investment.
