Published in furtherafrica.com
Since its creation, the Luanda-Bengo Economic Exclusive Zone (EEZ) has been a factor encouraging investment, not only in the region but also in the Angolan economy.
Its economic evolution has been felt over the last few years, in the flourishing of several innovative projects within this project, much due to the commitment and promotion that the Government has made. One of the paradigmatic examples of this commitment is the privatization plan that has been carried out over the last few months, in order to allow for greater competitiveness in the EEZ and an increase in the investment of national and foreign investors in businesses in order to create wealth and increase national productivity.
In addition to diversifying the economy, the EEZ aims to develop business clusters, create jobs and increase exports.
For that purpose, the Government has defined a set of benefits that make the EEZ especially appealing to national and foreign investors who want to invest, either in brownfield investments or in greenfield investment.
The range of benefits granted to investors includes simplified administrative and customs procedures, special labor and migration regimes and special tax and customs benefits. Some examples of benefits may be the possibility of prior customs clearance, the possibility of continuous operation without special administrative license and exemption from customs duties.
Therefore, the Luanda-Bengo EEZ has focused as a cornerstone of the effort for the growth of the Angolan economy, guaranteeing potential investors unique conditions for their investments.