Guide to Investing in Algeria

Guide to Investing in Algeria

- EDITION 2010 - EDITION KPMG Algérie SPA ALGIERS OFFICE ORAN OFFICE 44, rue Abou Nouas 1, avenue Cheikh Larbi Tebessi 16035 Hydra, Alger (ex-avenue Loubet) 31000 Oran Tel : +213 21 60 02 38/39 Tel : +213 41 40 59 09 Fax : +213 21 60 02 29 Fax : +213 41 40 59 10 Guide To Investing in Algeria www.kpmg.dz E-mail : info@kpmg.dz GUIDE TO INVESTING IN ALGERIA © 2010 KPMG Algérie SPA, an Algerian joint stock Company and a member firm of the KPMG network of independent 2010 member firms affiliated with KPMG International Cooperative, a Swiss entity. All rights reserved. Printed in Algeria. KPMG and the KPMG logo are registered trademarks of KPMG International Cooperative. Audit Legal Tax Advisory edition Our Expertise Our Expertise LEGAL: AUDIT : Study on legal forms of setting up and completion of an operation Contractual audits Creation of companies Audit of management procedures and internal control Support for divestitures, mergers, acquisitions (including due diligence) Accounting and Financial Restructuring Legal compliance review Due diligence and acquisition audits Contract assistance (financing, technical assistance, labor etc.) Conversion and trainings on IFRS, NSCF systems Companies valuation FISCAL: ADVISORY: Tax audit of your business Review of tax returns Elaboration of Business Plans, e.g. for credit applications Audit of contracts’ tax consequences Market studies Due diligence Information systems audit Development, improvement and monitoring of tax processes Assistance in mergers and acquisitions in your company Project management Support in establishing compliance procedures ERP Optimisation Analysis of applicable tax regime GUIDE TO INVESTING IN ALGERIA - 2010 (Updated in March 2010) The information contained herein is of a general nature and is not intended to address the circumstances of any particular individual or entity. Although we endeavor to provide accurate and timely information, there can be no guarantee that such information is accurate as of the date it is received or that it will continue to be accurate in the future. No one should act on such information without appropriate professional advice after a thorough of the particular situation. KPMG Algérie SPA, an Algerian joint stock company with capital of 100 030 000.00 DZD, registered in the Trade registry in Algiers under the number 02B 0018309 16/00. Tax registration number 000216289042735. Registered office: 42, rue Abou Nouas, 16035 Hydra, Algiers, Algeria. KPMG International Cooperative provides no client services. No member firm has any authority to obligate or bind KPMG International Cooperative or any other member firm vis-à-vis third parties, nor does KPMG International Cooperative have any such authority to obligate or bind any member firm. Dépôt légal : 3801-2010 ISBN : 978-9947-807-15-6 CONTENTS CHAPTER 1 GENERAL INTRODUCTION TO ALGERIA 1.1 History and Geography ........................................................................................................................15 1.2 Population Demographics ..................................................................................................................16 1.3 Main cities - Languages - Religions .....................................................................................................16 1.4 Territorial and administrative organization – Political institutions .................................................17 1.5 Political parties Associations..............................................................................................................19 1.6 Judicial system ......................................................................................................................................19 1.7 Staying in Algeria: conditions – procedures – work permit ...............................................................20 1.8 Practical information ............................................................................................................................20 1.9 Economy: key figures ...........................................................................................................................22 1.10 Economic policy: development and trend ..........................................................................................30 1.11 Economic development outlook 2010–2014 ......................................................................................45 1.12 The legal environment for business ....................................................................................................47 CHAPTER 2 FOREIGN INVESTMENT IN ALGERIA 2.1 Legal framework ...................................................................................................................................49 2.1.1 General definition of investment ........................................................................................................49 2.1.2 Freedom to invest and Algerian partnerships ....................................................................................50 2.1.3 Guarantees - Protections - Agreements concluded by Algeria .........................................................51 2.1.4 Capital transfers in Algeria ...................................................................................................................53 2.1.4.1 The principle ..........................................................................................................................................53 2.1.4.2 Transfer procedures .............................................................................................................................54 2.1.4.3 Investment financing ............................................................................................................................55 2.1.5 Tax incentives likely to be granted to investors .................................................................................55 2.1.5.1 General scheme tax incentives ............................................................................................................56 2.1.5.2 Dispensatory scheme tax incentives ...................................................................................................57 2.1.5.3 Procedures to obtain incentives ..........................................................................................................59 2.2 Implementation of incentives ..............................................................................................................60 2.2.1 Incentives at the implementation phase ............................................................................................60 2.2.2 Incentives at the operating phase .......................................................................................................60 2.2.3 Obligation to reinvest profits ..............................................................................................................62 2.3 Institutions governing investment promotion .................................................................................62 2.3.1 The National Investment Council (CNI) ..............................................................................................62 2.3.2 The National Investment Development Agency (ANDI) ....................................................................63 2.3.3 One-stop service ...................................................................................................................................64 CHAPTER 3 LEGAL FORMS OF INCORPORATION IN ALGERIA 3.1 Commercial companies .......................................................................................................................65 3.1.1 Common elements for all commercial companies .............................................................................65 3.1.2 The features of each commercial company-type ...............................................................................67 3.1.2.1 The joint stock company (JSC) .............................................................................................................67 3.1.2.2 The limited liability company (LLC) .....................................................................................................74 3.1.2.3 The sole proprietorship limited liability company (SPLLC) ...............................................................79 3.1.2.4 Limited partnership (LP) ......................................................................................................................80 3.1.2.5 Limited partnership with shares (LPS) ...............................................................................................80 3.1.2.6 Undeclared partnership .......................................................................................................................81 3.2 The group/joint venture ......................................................................................................................82 3.2.1 The goal of the group/JV ......................................................................................................................82 3.2.2 Transparency of the group’s activities ...............................................................................................82 3.2.3 Legal status of the group/JV ................................................................................................................82 3.2.4 Contractual freedom ............................................................................................................................82

View Full Text

Details

  • File Type
    pdf
  • Upload Time
    -
  • Content Languages
    English
  • Upload User
    Anonymous/Not logged-in
  • File Pages
    328 Page
  • File Size
    -

Download

Channel Download Status
Express Download Enable

Copyright

We respect the copyrights and intellectual property rights of all users. All uploaded documents are either original works of the uploader or authorized works of the rightful owners.

  • Not to be reproduced or distributed without explicit permission.
  • Not used for commercial purposes outside of approved use cases.
  • Not used to infringe on the rights of the original creators.
  • If you believe any content infringes your copyright, please contact us immediately.

Support

For help with questions, suggestions, or problems, please contact us