TAXATION IN ANGOLA

DOMESTIC LAWS

INVESTMENT LEGISLATION

OVERVIEW

LABOUR PROVISIONS

INVESTMENT DIRECTORY

ACCESS TO LAND

CUSTOMS DUTIES

Why Do Business in Angola?

Angola ranks among the countries with the highest growth potential in Africa. It produces 800,000 barrels of oil daily and has estimated reserves of 10 billion barrels It also has diamonds, three million hectares of arable land, many valuable minerals, and one of Africa's largest water reserves, which gives it massive potential for producing electric energy and fishing.

This country was once the world's fourth-largest coffee producer, a major iron ore producer and an exporter of high-quality marble, food and sisal. The industrial sector produced food, beer, textiles, cement and much more Now, following the advent of peace, the government wants to resume development in order to rebuild and restore Angola to its former position in the business world. Inflation has been kept in check in recent years, and there is a confirmed downturn. The government is carrying out a programme to privatize state-owned companies and opening up the oil business to international firms.