Cape Verde | 2020.02.17
Computerizing of Real Estate Registration in São Tomé and Príncipe
It was recently published the Decree No. 33/2019, of 18 November 2019, which enacted the Internal Regulations for the Computerizing of Real Estate Registration, with a view to strengthening the certainty and security in legal trading.
Cape Verde | 2020.02.17
International Public Tender for Sub-Concession of Logistic Centers in Cape Verde
Empresa Nacional de Administração dos Portos de Cabo Verde, S.A. (“ENAPOR”), the general concessionaire of ports in Cape Verde, has launched an international public tender to sub-concession the design, construction and management of two logistic centers for goods in Cape Verde, on the islands of Santiago and São Vicente, under a BOT (Build-Operate-Transfer) scheme.
Angola | 2020.02.04
Meeting with Investors – Privatisation of the Industrial Units of the Special Economic Zone Luanda Bengo
Following the Privatisation Programme (PROPRIV), the State Assets and Holdings Management Institute (IGAPE) invites investors interested in the privatisation process of the Industrial Units of the Special Economic Zone - Luanda Bengo (ZEE) to take part in a Market Assessment session, on 6 February, at 9 am, in the auditorium of the new IGAPE facilities.
Angola | 2020.01.29
Maximum Time Frame for Execution of Foreign Currency Sale and Associated Exchange Operations
BNA Instruction no. 01/20, of 10 January 2020, which will come into force on 9 February, states that Banking Financial Institution must execute the sale of foreign currency and associated foreign exchange transactions for its clients within 5 working days from the date of receipt of the relevant instruction.
Angola | 2020.01.28
Goods Importation Operations Liberalized
Goods importation operations with a settlement period of more than 360 days, counting from the date of customs clearance at landing, are exempted from prior licensing with the BNA, pursuant to BNA Order No. 1/2020, of 9 January 2020.
Portugal | 2020.01.22
Long-Term Housing Right
A new statute has been enacted under the Government Program to foster the housing market.
Angola | 2020.01.20
Current Invisible Operations Liberalized
Under BNA Order No. 02/20, of 9 January 2020, current invisible exchange operations carried out by legal entities are no longer subject to licensing. The new Order expressly repeals BNA Order No. 13/13, of 6 August 2013.
Cape Verde | 2020.01.20
State Budget for 2020 Enacted
Law No. 69/IX/2019, of 31 December 2019, approving the Cape Verdean State Budget for 2020 (2020 SB) was published in the Official Gazette. The 2020 SB has not introduced changes to the main tax codes, which remain unchanged. In relation to tax measures foreseen annually, there have been a few changes in relation to benefits and incentives established in the 2019 SB enhancing the productive investment and for companies. Here are the main changes:
Mozambique | 2020.01.17
New Rules for Operating Bank Accounts Denominated in Foreign Currency
The Bank of Mozambique has approved, by way of Notice No. 11/GBM/2019 (published in the Official Gazette on 15 January 2020), new rules for opening and operating bank accounts denominated in foreign currency. This Notice revokes and supersedes all regulations that governed this topic hitherto, in particular Notices 4/GBM/2018 and 8/GBM/2018, and Articles 105 and 106 of Notice No. 20/GBM/2017. The new regime can be summarized as follows:
Cape Verde | 2020.01.15
International Public Tender for Solar Photovoltaic Power Plants
The Government of Cape Verde announced the opening of an International Public Tender for the Award of Capacity for two 5MW Solar Photovoltaic Power Plants each, in the Sal and São Vicente Islands.