Institutional changes to the Angolan Private Investment regime

Legal Alert

27/03/2018

Presidential Decree No. 81/18 of 19 March

This Presidential Decree extinguishes the entities responsible for the preparation and evaluation of the Private Investment projects for each Ministerial Departmental Sectorial holder – called Technical Support Units to the Private Investment (UTAIP) – and the Executive Power holder - Technical Unit for Private Investment (UTIP) are extinguished.

The Agency for the Promotion of Investment and Exports of Angola (APIEX), which aimed to promote investment and exports, was also extinguished.

In addition, the Private Investment and Export Promotion Agency (AIPEX) was created to manage the private investment process, the promotion of investment, exports and international business.

All assets, liabilities and personnel of APIEX and UTIP as well as all ongoing processes, are transferred to AIPEX.

Authors

 Picture of Filipa Tavares Lima
Filipa Tavares de Lima
Partner
Luanda
Picture of Ivanilda Costa
Ivanilda Costa
Trainee
Luanda