The Republic of Congo is still a challenging business environment. Weak infrastructure and public institutions, and rule of law concerns continue to dominate the business climate in the ROC.
However, the ROC also offers tremendous opportunities to those companies and investors capable of taking advantage of them. The economic landscape is still dominated by the petroleum industry but other energy sector, timber, mining, agriculture, ICT and tourism opportunities exist. The ROC is eager for foreign investment.
The National Investment commission
The National Investment commission of Republic of Congo was established by Decree No. 2003-57 of April 22, 2003, under the authority of the Ministry of Economy, Finance and Budget.
The National Investment Commission is the implementing body on policy of the Government’s investment promotion in the country.
Functions/ Responsibilities of the Commission
The Commission is responsible for the following:
- Implementation of economic regulation on investment
- Examine the records of license application and allow companies approved the advantages of preferential regimes of your charter investments
- Ensure compliance with commitments made by authorized firms to different regimes of the Charter of investments
- Examine the application files tax deduction for businesses under common law has made significant investment
- Certify the end of the installation of an undertaking to the investment charter
- An annual report to the Chief Executive on the development related investments I; application of the Charter of investments
- Withdraw or cancel the license on the basis of monitoring reports investment sub -committee of control.
Investment Climate in Republic of Congo has been summarized to include the following
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