Welcome To Invest in Timor-Leste

Function of Trade Invest2

Trade Invest operates under the State Secretary of Private Sector (SEAPRI) with authority to facilitate

foreign investors and domestic (promotion, facilitation and coordination).

TIMOR-LESTEGoverment Policy on Investment

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Promotion

Stimulation

Special Agreement

Investment Guarantees

Promote Small and Medium Enterprises

INVESTMENT REGISTRATION PROCEDURES

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Procedures Benefits Time and Registration fee’s

Submit proposal to AEI/Trade Invest

Accompany with :1. Business Planning2. Copy of passport3. CV4. Bank Reference

(international standard bank that exist in TL)

5. Company Statute6. 1 year previous

balance sheet 7. Minute of share

holder meeting to invest in TL

100%Income tax Sales Tax ( capital goods and equipment)Service taxCustoms incentives

Urban area 5 yearsRural Area 8 yearsEnclave 10 years

State property lease for 50 years

1. Processing time 30 days

2. Official fee USD2000

3. Granted the investment certificate

• Limit 180 days to implement the investment

• Extend to another 90 days

• Cancel the investment certificate

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Procedures Minimum Capital Observation

Submit proposal to AEI/Trade Invest

IDObjective, out put & targetExpected project locationLand concession expectedInvestment amount estimationJob creation estimation Nature of companyImplementation timingEstimate start deadlineTraining foreseen

$1,5 M Foreign Direct Investment (FDI)50,000 (Local750,000 ( Joint Venture)

50% cash

10% cashNational control 75% of share

INVESTMENT REGISTRATION PROCEDURES(Proposal and Investment capital)

Investment Registration Process:

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III III IV. total time of 30 days

Investment Commission Ad Hoc, Tourism, Fisheries

and Trade

Permanent Investment Commission members, Labor, Taxation, Trade

Invest, Immigration Environment Land and

Customs.

Submit Application

Trade Invest

Private Investment Commission

Registration fee $2,000

Received Certificate

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Example:Tax Payment Receipt and Investment

Certificate

Investment Guarantees

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Access to all sectors of the economy according to the law in Timor-Leste Nationalization of assets can only be made by Law & Compensation Enforcement the same on the domesetic and foreign investment Profit from Investment Access for foreign workers Free assests transfer Access to foreign currency Fair midiation of investment disputes Alternative International arbitration

Special Investment Agreement9

The government can established special agreement through legislation specific investment for investment or re-investment based on economic interests, social, environmental or technology that have a major impact on the national interest which are not contained in the government law of private investment article 21, 22, 24 and 25. ( Law no 14/2011)

Liability of Investors

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Subject to applicable laws and regulations in force in Timor-Leste.

Hiring and Training for local workers.

Implementing rules relating to environmental protection, health and security of labor-related legislation.

Subject to the rules and procedures of the legislative system that can be applied in determining the financial transference.

Follow goverment rules and procedures.

Submit periodically investment activity reports to the office of Trade Invest.

DEVELOPMENT PLAN2011 - 2030

INVESTMENT OPPORTUNITIESStrategic Development Plan

G A S O I L

A G R OI N D U S T RY

F O R E S T RYL I V E S T O C K

O N S H O R E

O F F S H O R E

C O F F E E

C E R E A L S

T I M B E R

C AT T L E

INVESTMENT OPPORTUNITIESStrategic Development Plan

F I S H E R I E S

T O U R I S M

E N E R G Y

C O M M E R C I A L

E X P O R T

T R E K I N G

S E A

S O L A R

W I N D

INVESTMENT OPPORTUNITIESStrategic Development Plan

INFRASTRUCTURE

CIVIL CONSTRUCTION

TRANSPORT

R O A D S

B R I D G E S

B R I D G E S

H O U S I N G

A I R P O R T S

P O R T S

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Obrigado Barak...

Thank You...

Trade Invest – AEI