Portugal | 2020.01.22
Long-Term Housing Right
A new statute has been enacted under the Government Program to foster the housing market.
Angola | 2020.01.20
Current Invisible Operations Liberalized
Under BNA Order No. 02/20, of 9 January 2020, current invisible exchange operations carried out by legal entities are no longer subject to licensing. The new Order expressly repeals BNA Order No. 13/13, of 6 August 2013.
Cape Verde | 2020.01.20
State Budget for 2020 Enacted
Law No. 69/IX/2019, of 31 December 2019, approving the Cape Verdean State Budget for 2020 (2020 SB) was published in the Official Gazette. The 2020 SB has not introduced changes to the main tax codes, which remain unchanged. In relation to tax measures foreseen annually, there have been a few changes in relation to benefits and incentives established in the 2019 SB enhancing the productive investment and for companies. Here are the main changes:
Mozambique | 2020.01.17
New Rules for Operating Bank Accounts Denominated in Foreign Currency
The Bank of Mozambique has approved, by way of Notice No. 11/GBM/2019 (published in the Official Gazette on 15 January 2020), new rules for opening and operating bank accounts denominated in foreign currency. This Notice revokes and supersedes all regulations that governed this topic hitherto, in particular Notices 4/GBM/2018 and 8/GBM/2018, and Articles 105 and 106 of Notice No. 20/GBM/2017. The new regime can be summarized as follows:
Cape Verde | 2020.01.15
International Public Tender for Solar Photovoltaic Power Plants
The Government of Cape Verde announced the opening of an International Public Tender for the Award of Capacity for two 5MW Solar Photovoltaic Power Plants each, in the Sal and São Vicente Islands.
Angola | 2020.01.07
New rules on foreign exchange operations by non-residents
BNA Order No. 15/19, of 30 December 2019, defines the procedures for foreign exchange transactions by non-residents in respect of foreign direct investment, foreign investment in securities, any divestment of such assets and income from investments.
Angola | 2020.01.07
Rules and procedures updated for performance of exchange operations by individuals
BNA Order 12/19, of 2 December 2019, updated the rules on foreign exchange transactions carried out by natural persons who are foreign-exchange resident, especially as regards operations involving current invisibles, the importation of goods, and securities, and also updates the rules on transactions carried out by natural persons who are foreign-exchange non-resident in respect of operations involving current invisibles.
Angola | 2019.12.27
New Customs Tariff Schedule Approved
A new Customs Tariff SCHEDULE (“Customs Tariff Schedule”) was approved by Presidential Legislative Decree No. 10/19, of 29 November 2019. The new Customs Tariff Schedule covers, among others, the following aspects:
Angola | 2019.12.23
International Public Tender for the Management and Operation of the Port of Luanda Multipurpose Terminal
On 16 December, the Luanda Port Company, E.P launched the International Public Tender for the Management and Operation of the Port of Luanda Multipurpose Terminal.
Angola | 2019.12.18
Oil & Gas Companies Subject to New Rules on Sale of Foreign Currency
As of 2 January 2020, the National Concessionaire and national and foreign petroleum investor companies, including entities engaged in the production of liquefied natural gas, will be obliged to sell to commercial banks the foreign currency required to pay for goods and services provided by foreign exchange residents, the exchange rate to be freely negotiated between the parties.