DILI, 24 june 2021 (TATOLI)-Timor-Leste’s government guarantees the potential factors attracting foreign investors to invest in this country.
Timor-Leste works to surpass the crucial situation that countries encounter to normalize economic conditions through an economic recovery program.
Through the fiscal program, finding some aspects can mitigate investors and to burden their issues in this situation that is faced by the country.
“Since 2020, this stool or mitigation has been introduced by the Timor-Leste government, the ongoing program to support investors to maintain their economic activities. To ensure the employer do not terminate the workers working contract,” The Coordination Minister of Economy Affairs, Joaquim Amaral told to TATOLI Agency, at government palace, this thursday
The government is mitigating a crucial situation through building harmony and a healthy environment for business activities and to guarantee the investors continue to run economic activities in Timor-Leste.
Based on remodeling which is provided by the government with the objective to improve the trade environment, to reduce the crucial bureaucratic trade environment in our country.
Mr. Amaral said Timor-Leste’s government has provided a bureaucracy system not to critical commercial registration. The process is still ongoing through the government’s political decision and to provide an easy process for the investment registration for the investor to run their economic activities in Timor-Leste.
Timor-Leste country has the potential for a physical customs regime that contributes for indirect tax and is the smallest among the South East ASIAN country members.
“I think one challenge is Timor-Leste have to compete with ASEAN region member country, although we can provide same potential for the investor, thus, we have to consider some factors to determine the decision of the investors and example as TL offers small tax for among ASEAN members countries, “ Said Minister Joaquim Amaral
He added another potential that Less Development countries (LDC) offered the members between other countries.
The Australian government preferred to open investment in many sectors in Timor-Leste country and even they are using the opportunity to promote their product and export our local product.
The other potential is to promote Timor-Leste to neighboring countries, especially for the petroleum investment, Agriculture, fishery, Tourism and others. Timor-Leste’s law investment is ensuring the interest of investors to invest.
The government of Timor-Leste is convinced that training facility training as the potential sector to increase human resource and the investors are providing more preference for the country can easily facilitate their investment process. What is the TL government needed to provide the intensive for the investor to bring their investment coming to TL.
Journalist: José Belarmino de Sá
Editor: Nelia Borges
