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Oct 30, 2018

New investment Code adopted

The law was adopted on 30 October 2018. Its scope has been extended to clean and renewable energy actors, as well as to the protection of the environment. The incentive to invest in strategic activity sectors such as green energy, renewable energies and handicrafts is done by reducing the criteria of the investment threshold and the number of jobs to be created by one quarter. This one-quarter reduction in the investment threshold and the number of jobs is also valid for material processing activities from the latter sectors and the agro-forestry-pastoral, fish and wildlife sector. As an advantage, it introduces a degressive exemption from corporate tax.

Type: Entry and establishment (Approval and admission), Promotion and facilitation (Investment incentives)

Industry: Not industry specific