Informação Útil Sobre Angola
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adso Comunicação Informação útil sobre Angola Este documento e o seu conteúdo são da responsabilidade do autor. A ADSO disponibiliza-o como suporte de informação às potencialidades do mercado angolano. Para mais informação sobre os merca- dos de língua portuguesa, contacte: [email protected] ou +351 938 454 798 (jose villa cardoso) PORTUGAL - Braga R. Pe António Vieira, n.º 90 4710-412 Braga - Portugal (+351) 938 454 798 (+351) 253 248 579 http://adso.pt [email protected] 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 DATE TEL: +( 2442 ) 391 434 / 331 252 / 92444 - 222 FEBRUARY 2014 FAX: + ( 2442 ) 393 381 [email protected] PRODUCED BY www.anip.co.ao ZONGUE PRODUCTION DESIGN BY COPYRIGHT© VELCRUM.PT ANIP - AGÊNCIA NACIONAL DE INVESTIMENTO PRIVADO 1 2 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. 3 HOW TO INVEST IN ANGOLA 4 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. 5 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 6 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 between7 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 7 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 ) 8 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% 9 TAX INCENTIVES ECONOMIC CORPORATE CAPITAL PROPERTY CRITERIA FOR APPLYING ZONES TAX GAINS TAX TRANSFER TAX MAXIMUM LIMITS ZONE A Investments ≥ Luanda, main USD 50 Million; 1 to 5 years Up to 3 years municipalities of investments which Benguela, Lobito, Huila and Cabinda generate ≥ 500 jobs ZONE B For the acquisition RemainingZONE mu-B 1 to 8 years nicipalities of Benguela, of land and real Cabinda,