The Investment Encouragement Act of 2021

Category: Foreign Direct Investment (FDI)

Member State: Sudan

Document Language: English

The Investment Encouragement Act of 2021

May 2021

The investment encouragement act was promulgated in May 12, 2021 aiming to create a more predictable and transparent regime that facilitates investment. The newly enacted investment Law had brought several changes, such as: new tax exemptions, the establishment of an investment register to collect data on investing entities, the creation of an online investment guide to clarify and facilitate investment procedures, and the establishment of an insurance company that insures against various risks.