ANGOLA Trends and Developments Contributed by: Tatiana Serrão, FBL ADVOGADOS
• incorporation of credits and other assets of the private investor, which may be applied as invest - ments; • transfer of capital from abroad; • application of cash and cash equivalents in Ango - lan and foreign currency, in bank accounts consti - tuted in Angola by non-exchange residents, eligible repatriation, under the terms of the applicable foreign exchange legislation; • application, in national territory, of capital within the scope of reinvestment; and • transfer of machinery, equipment, accessories and other tangible fixed assets and raw materials when applicable (it shall always be complemented by the transfer of capital from abroad, namely, to cover formation, installation and current expenses).
Registration of foreign investment in Angola must fol - low one of the following regimes: • prior declaration (investments not exceeding USD10 million); • special regime (investments in specific sectors such as education, health, agriculture, telecommu - nication, hotels and tourism, textiles, basic sanita - tion and waste treatment); or • contractual regime (investments exceeding USD10 million). The Angolan Foreign Investment Law establishes the same registration procedures for investments subject to prior declaration and for those falling under the spe - cial or contractual regime, without setting out any dis - tinctions between them. Investors are merely required to indicate the sectors of activity, the amount of the investment, the investment operation and the means by which the investment will be carried out.
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