DILI, 23 june 2021 (TATOLI)– Timor-Leste government has approved private investment law No 5/2017 to ensure all citizens national and international to run their trade investment in the country to contribute for economic growth.
The Law investment facilitates all investors to run economic activities and ensure the investment process is legality.
“The investment law guarantees for the free tax for five years to the investor that open investment activity in Dili town, and 8 years free tax for investment out of Dili and 10 years free tax for specially region Atauro and Oe-Cusse,” The Coordination Minister of Economy Affairs, Joaquim Amaral told to TATOLI Agency, at government palace, this thursday
This vantage of investment laws attracts investors to investing in Timor-Leste. There are some special treatment offers to allow the investor to get free import of their equipment to build investment activities.
Mr. Amaral said that Timor-Leste continues working hard to ensure the investment activities to put intention and well accompany. The government of Timor-Leste is working on affords to ensure all investment activities will be well treated and have good accompaniment.
The government of Timor-Leste has a responsibility to share information to investors and they might know Timor-Leste’s potential. Thus, they might understand the adequate investment to ensure the investor will invest in Timor-Leste.
“The Coordination Minister of Economy Affairs and Trade Invest continues to promote exportation investment. Trade invest is one of the important agencies to track the investment in Timor-Leste. This government agency has gained more experiences on promoting Timor-Leste’s potential to the world,” He said
Trade invests in responsibility to oversee the difficulties that are faced by the investors and even to find out the solution for the investment process in the investor’s situation.
All investors are required to have good communication or dialogue with government parties to solve the investment problem for the crucial situation in the country.
He informed that through trade investment the government would be able to attribute the investment certification to the investors through the evaluation and assessment process on finding the good qualification. The investors are qualified the government will certify with providing free tax import.
Normally Timor-Leste investment law guarantees for the investment registration process, all investors have to enroll their company to get a sectorial license.
He stressed that The sectorial license will be given to investors that invest in the sectors composed of Agriculture, tourism, petroleum and all investor will attributes of investment licenses.
Timor-Leste country is facing a pandemic and disaster situation, that are the main issues for the investor are not preceding their investment activities in Timor-Leste. The government must have all economic activities going on though political decision making.
Journalist: José Belarmino de Sá
Editor: Rafy Belo
