It was published on the 12 January 2018, the Presidential Order no. 3/18, of 12 January, which enacted a multisectorial commission for the review of the legal framework for the private investment in Angola.
The goal of the Commission, coordinated by the State Minister for the Economic and Social development, is provide a diagnostic regarding the institutional and regulatory framework of the investment procedure in Angola, namely regarding the following matters:
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Definition of the body in charge of promoting, articulate and integrate with the necessary State services at all stages of the investment procedure;
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Analysis and presentation of proposals with a view to amend the levels and deadlines for approval of the investment and the competent entities for such effect;
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Analysis and definition of the documentation deemed as necessary for the approval of Private Investment Projects;
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Study and define of a more attractive and less costly rates regime for the investor;
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Analysis and definition of the best operational framework for the Private Investment system;
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Propose any efficiency measures and/or solutions in order to enhance the implementation of Private Investment Projects.
The relevant commission shall present in a 30day deadline the relevant results to the President of the Republic of Angola. During such review, the relevant Units for the Private Investment of each ministerial department shall maintain its work.