Welcome to Angola
GET TO KNOW ABOUT THE PRIVATE INVESTMENT AND EXPORT PROMOTION AGENCY
AIPEX – Angola Private Investment and Export Promotion Agency; is a legal person governed by public law, endowed with legal personality, administrative, financial and patrimonial autonomy, dedicated to promoting exports, attracting private investment, registering investment proposals, institutional support and monitoring the execution of investment projects and internationalization of Angolan companies.
It was created under Presidential Decree nº 81/18, of March 19, 2018, resulting from the merger of the Technical Unit for Private Investment – UTIP and the Angola Investment and Export Promotion Agency – APIEX.
AIPEX is subject to the oversight of the Incumbent of Executive Power, exercised through the Incumbent of the Ministerial Department responsible for the economy and Planning.
Its main attributions are:
- Promote and capture private investments of internal and external origin that can contribute to Angola’s socio-economic development;
- Ensure the reception and monitoring of private investment proposals to be carried out in Angola;
- Promote the attraction of foreign direct investment for strategic sectors of the national economy;
- Promote the increase and diversification of exports of products and services from Angola;
- Contribute to the creation of favorable conditions for the realization of private investment in Angola;
- Supervise and control the execution of approved private investment projects;
- Carry out import substitution and export increase policies and programs.
AIPEX is the investor’s sole interlocutor at all stages of the investment process, through institutional articulation, it supports investors, monitors investment proposals and ensures the conditions for the successful execution of investment projects.
How to invest
The process starts with the application for registration of the Investment Proposal, which can be done through SETIP , or through direct contact with AIPEX services. .
The company through which the private investment project is implemented must be previously incorporated, and for the purposes of applying for registration of private investment in the investment regimes provided for in the Private Investment Law (LAW No. 10/18 of 26 June ), submit the following documents:
- a) Letter requesting registration of the private investment proposal and the respective issuance of the CRIP, addressed to AIPEX;
- b) Duly completed Investment Project Declaration Form and its annexes (available at AIPEX service desks and gov.aoelectronic portal );
- c) Copies of the identification of the applicants (Identity Card or Passport), in the case of individual persons;
- d) Copy of the Commercial Registration Certificate, in the case of a legal person;
- e) The deliberative minutes of the decision to register the investment project;
- f) Document proving the existence of funds or other forms of realization of the declared private investment project (Bank Declaration: for form of realization in monetary means and a suitable document issued in origin by a duly certified asset appraisal entity for the embodiment in machinery and equipment);
- g) Training plan and gradual replacement of the foreign workforce by the national one, pursuant to the provisions of paragraph 3 of article 46 of the Private Investment Law;
- h) Power of attorney, in case of representation of the bidder.
TAX AND CUSTOMS BENEFITS
Tax and customs benefits are granted to private investment projects depending on the investment regime in which they are included.
Prior Declaration Regime; it applies to private investments carried out outside the sectors considered to be priorities for the purposes of the private investment law.
BENEFITS OF THE PRIOR DECLARATION REGIME
Special diet; it applies to investments made in priority sectors of activity and tax benefits are granted depending on the development zone in which they are located.
BENEFITS OF THE SPECIAL REGIME
Other Benefits Zones B, C and D
50% reduction for 1 period of 4 years in Amortization and Reintegration rates.
The private investment vehicle company, under the special regime, is exempt from the payment of fees and emoluments due for any requested service, including customs, by a non-business public entity, for a period not exceeding 5 (five) years.
AIPEX provides expedited and simplified procedures for the following services to special regime investments:
- Legal, tax and social security records;
- Registration of intellectual property, movable property and immovable property;
- Obtaining activity licenses, construction, environmental and other licenses;
- Contracting of energy and water services;
- Obtaining visas and residence documents;
- Other registrations, licenses and administrative services necessary to carry out investment projects.
SOME OF THE MAIN ECONOMIC SECTORS FOR INVESTMENTS
1- Oil and Gas
There is only one refinery, that is, in Luanda, not with its full potential, with insufficient production to cover internal needs.
It is therefore urgent to build new refineries in the country.
There is also a need to increase the growth potential in the natural gas sector that can be used for electricity production, industrial consumption and distribution to small consumers.
Angola has several natural gas reserves set to increase exponentially over the next few years, following new and recent discoveries.
Private investment in the energy sector is needed.
Diamond and other minerals
Angola is the fourth largest producer of diamonds in the world, considered the second most important product in the country’s exports after oil.
The areas with the highest concentration of diamonds are in the Province of Lunda-Norte, to the northeast, particularly in the hydrographic basins of the Cuango, Luachimo and Lucana rivers.
In this aspect, the Angolan Government has carried out a series of programs aimed at relaunching the Iron and Manganese sub-sector, that is, the Steel Industry in Angola, aiming at revitalizing the sub-sector, especially in traditional exploration areas of “Kassinda” and “Kassala Kitungo”, in the provinces of Huíla and Kwanza-Norte, respectively.
The main challenges facing Angola in the coming years are also foreign investment in the sub-sector.
- Agriculture, Fisheries and Livestocks.
Angola has always been a self-sufficient country in all major crops, with the exception of wheat.
The example of coffee and cotton, which are raw materials for the industry, was severely conditioned by the abandonment of cultivated areas due to the war that ravaged the country for many years, and the Angolan government is investing in the sector to change this situation.
Angola’s numerous and mighty rivers constitute one of its greatest riches. It is a country rich in water and is part of the largest African river basins (Congo and Zambezi Basin).
The agricultural sector is the basis for the development of the Angolan economy and is strategic for the necessary and urgent diversification of the Angolan economy.
Therefore, the need for investment and innovation in this sector is urgent.
Angola has a coastline of 1,650 km with a continental shelf of 50,000 km2 and an exclusive zone of 330,000 km2.
Angolan waters are rich in quality fish, thanks to the beneficial flow of the cold Benguela current to the south and the warm Angola current to the north.
Livestock in Angola (production, processing and marketing of meat) still represents modest numbers if the country’s potential is considered.
The re-launch of the sub-sector requires some investments, hence our challenge to the investor.
- Water and forest resources
Angola’s hydrography can be subdivided into four main sectors:
- Atlantic Sector, with the Chiluango, Zaire or Congo, Bengo, Kwanza, Queve or Cuvo, Catumbela and Cunene rivers;
- Zaire sector in northern Angola, with the Cuango, Cassai rivers and their tributaries of Cuilo, Cambo, Lui, Tchicapa and Luachimo;
- Zambezi sector, to which the rivers east of Angola belong, such as the tributaries of the Zambezi Luena, Lungué-Bungo and Cuando;
- Kalahari sector, with numerous intermittent rivers, including the Cubango and its tributaries Cuchi and Cuito.
The longest and most navigable Angolan river is the Kwanza, approximately 1,000 km long, whose tributary, Lucala, forms the famous waterfalls “Quedas de Calandula”, of impressive beauty and more than 100 meters high.
Forests play a fundamental role for the country and represent an excellent field for productive investment. In addition to the remarkable Maiombe Forest, in Cabinda, there are large areas, especially in the northern provinces, covered by forests rich in rare tree varieties, whose exploitation is rational and sustainable, aiming at the natural balance of the environment.
- Transport and Telecommunications
From the perspective of vectors, 44% of the transport is done by ships, 39% by motor vehicles and 9% by air. In relation to passenger transport, 87% is done on wheels and 8.5% by rail. Thus, the Transport Sector in Angola can be stratified:
It is a sector open to private investment.
- Other sectors of interest for private investment:
Education and technical-professional training; Health; Civil construction; Public works.