Hyderabad Wealth Management:Mozambique, African Topics (1)

Mozambique, African Topics (1)

Mozambique is located in the southeast of Africa, south of South Africa, Sverland, Zimbabwe, Zambia, Malawi in the west, Tanzania in the north, the Indian Ocean in the east, the Mosanobik Strait and Madagascar.Haikou and Regional Transportation Corridor are also one of the main destinations of foreign direct investment (FDI) in Africa. It is also the natural extension of India’s "21st Century Maritime Silk Road" in Africa.Following important and positive roles.Mozambique has a land area of ​​nearly 800,000 square kilometers and 2,630 kilometers long in the coastlineHyderabad Wealth Management. Coal, natural gas, forests, water conservancy, agriculture, fishery and other minerals and natural resources are rich in natural resources.With the gradual improvement of its economic situation, finance, real estate, communications and tourism industries have also had great potential for growth.Since 2016, India has established a comprehensive strategic partnership with Mozambique, and friendly exchanges and cooperation in various fields have been deepening, and opportunities for economic and trade exchanges and investment cooperation have steadily increased.From January to June 2023, the bilateral trade volume was 2.57 billion US dollars, an increase of 28.7%year -on -year.Among them, China exported 1.89 billion US dollars, an increase of 50.7%year -on -year.This article aims to sort out relevant investment regulations and policies and regulations in order to facilitate business activities.

1. Mozambique’s investment and trade authority institutions

(1) Investment authority agency

Mozambique’s investment authority is the investment and export promotion bureau (APIEX) that belongs to the Ministry of Industry and TradeVaranasi Stock. It is mainly responsible for providing a series of consulting services to investors at home and abroad, implementing preferential policies provided by the Mozambique administration, and helping enterprises in the opening procedures.When foreign investment acquisitions and mergers and acquisitions in Mozambique, you can consult Mozambique Investment and Export Promotion Agency (APIEX) in advance. The processing process will submit an application to its competent department and provide review materials in accordance with the requirements.

(2) Trade authority

Mozambique’s competent department is the investment and export promotion bureau (APIEX) of the Ministry of Industry and Trade (MIC) and its subordinates. The main responsibilities are to study and formulate the development strategy and policies of industrial and commercial development, supervise and maintain market environment, promote industrialization development, and promote light industrial products, and promote light industrial products, and promote light industrial products.Sales and exports of agricultural products.

2. Mozambique’s investment and trade laws and regulations

(1) Trade -related law

Mozambique has formulated a number of trade management regulations under the unified trade plan:

① "New Enterprise Single Documents Regulations" (No. 56/98)Bangalore Investment

② "Regulations for approval of foreign export operators" (No. 202/98)

③ "Importers can apply for a separate annual fee definition" (No. 203/98)

④ "Provisions of Commercial Retail License" (No. 434/98)

⑤ "Regulations on the Pre -Trip of Commodity Maritime" (No. 207/98)

(2) Regulations on investment

The Mozambique government passed the Law of the Investment Law No. 3/93 on June 24, 1993, and promulgated the Law No. 14/93 on July 21 of the same year.The law revised the original "Investment Law" and changed its name to the "Private Investment Law", and abolished the original "Investment Law". The new law took effect on September 8, 2023.

Among them, the "Private Investment Law" is relatively important.Mozambique’s "Private Investment Law" stipulates that foreign enterprises that invest in industries such as local infrastructure construction, processing and manufacturing, promoting employment income and capital industries in Mozambique can enjoy the following preferential policies for foreign investment, including: value -added tax reduction, stamp duty discounts for stock sale and selling., Personal income tax reduction and exemption, investment tariff reduction and exemption, employee training cost reduction and exemption.

(3) The bilateral economic and trade agreement signed by Mozambique and India

① In 1982, "Trade Agreement of the People’s Republic of China and the People’s Republic of Mozambique"

② In 2001, the "People’s Republic of China Government and the Government of the Republic of Mozambique on Encouragement and Mutual Protection Investment Agreement"

③ "Joint Statement of the People’s Republic of China and the Republic of Mozanbik on Establishing a Comprehensive Strategic Partnership" in 2016

④ In 2018, the "Memorandum of Understanding on the Construction of the Silk Road Economic Belt and the 21st Century Maritime Silk Road of the People’s Republic of China and the Government of the Republic of Mozambique

⑤ "The Cooperation Plan for the People’s Republic of China and the Republic

(4) Mozambique’s Special Economic Zone Regulations

1. Related laws and regulations on the Free Industrial Zone

In order to attract foreign investment and expand import and export trade, Mozambique has set up a free industrial zone, and selects enterprises that are eligible to enter the park to drive economic development.Among them, Berurane Industrial Park is the largest industrial park in Mozambique, located 16 kilometers west of the capital Mapo.The number of enterprises in the park is nearly 60, with an annual output value of nearly $ 2 billion, driving more than 3,000 employment.Related laws and regulations include:

① "Regulations on the Management of Industrial Free Zone"

② "Special Economic Zone and Free Industrial Zone Investment Act"

③ "Regulations on Customs Management of Free Industrial Zone"

2. Related laws and regulations of the Special Economic Zone

The Mozambique government approved 4 special economic zones, namely Nacala, Crusse E Jamali, Mocuba, and Manga-Mungassa economy.The SAR, which is managed by the Investment and Export Promotion Bureau (APIEX). The relevant laws and regulations involved include:

① "Special Economic Zone and Free Industrial Zone Investment Act"

② "Regulations on the Implementation of the Office of the Special Economic Zone"

1. The Ministry of Commerce of the People’s Republic of China to invest and cooperate with the country (region) Guide Mozambique (2023 edition)

2. Mozambique Investment and Export Promotion Bureau’s official website (APIEX)

3.Intertek company official website

4. Sun Lihua: "Technology+Model Relieve Mozaik Food Wild —— China -Africa Mozambique Agricultural Cooperation Project", contains "Indian Investment" July 2020

5. Ministry of Commerce of the People’s Republic of China: India-Mozambique Economic and Trade Cooperation Brief

Supply 丨 The Law Department of Beijing Council for Council for Council for Council

Indian University of Political Science and Law "Belt and Road" Legal Research Center, Jiang Yan

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