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The Board of Investment (BOI) in South Sudan is the government authority responsible for promoting and facilitating both domestic and foreign investment in the country. Specially designed policies and legal frameworks have been established to encourage investment opportunities in key sectors of the national economy such as agriculture, petroleum, mining, and infrastructure development.
Legal advice usually becomes necessary when investors are seeking to understand the intricacies of laws and regulations governing the Board of Investment in South Sudan. This includes understanding registration procedures, negotiating contracts, getting insight on tax incentives and exemptions, handling disputes, navigating the import and export policies, and ensuring compliance with local laws and regulations.
Local laws that govern the Board of Investment in South Sudan primarily focus on the rights, obligations, and protections offered to investors. Key elements include the right to own property, recourse to legal proceedings in case of disputes, protection against expropriation, and the freedom to transfer capitals and profits. An important aspect to note is the Investment Promotion Act, which provides the legal framework for foreign investments and outlines the sectors in which foreign investors can engage.
The first step consists of submitting an investment application that includes a clearly laid out business plan. After review and approval, a certificate of investment is issued.
Yes, several tax incentives and exemptions are provided for investors depending on the nature and location of the investment.
Foreign investors cannot own land outright in South Sudan, but they can obtain land through lease agreements.
The laws in South Sudan protect investments against unlawful expropriation.
Yes, laws and regulations allow for the free transfer of capital and profits outside South Sudan.
Yes, investors have the right to resolve disputes through international arbitration bodies.
The Investment Promotion Act outlines several sectors open for foreign investment, including agriculture, mining, infrastructure development, and petroleum, among others.
The BOI encourages investment in South Sudan by promoting and facilitating both domestic and foreign investment.
While the government is actively working to create a conducive environment for investment, it does not provide explicit guarantees on return on investment.
Potentially, however, it would require consultation with the officials at the BOI and possibly a review and revision of the Act itself.
Further guidance and information can be obtained from the Ministry of Trade, Industry and East African Community Affairs, or the Ministry of Finance and Economic Planning. In addition, the South Sudan Chamber of Commerce, Industry, and Agriculture can provide industry-specific insights.
If you require legal assistance or advice regarding BOI in South Sudan, it is advisable to consult a lawyer or a legal firm with expertise in investment law, international law, and business law in South Sudan. They can assist you with business registration, negotiation of agreements, advice on tax incentives, and dispute resolution processes.
