Faizal Jusob explains how the African country is attempting to entice Indian investors
Mozambique welcomes Indian investors. The country has established a framework for ventures that involve state or private foreign direct investment (FDI) and foreign investment is allowed in all economic sectors, except for those reserved for domestic companies.
The country has a well-developed arbitration system that enables effective dispute resolution through: (i) Arbitration through the International Centre for the Settlement of Investment Disputes (ICSID) under the Washington Convention of 15 March 1965; (ii) ICSID arbitration under the ICSID Additional Facility Rules, where the investor is a national of a state that is not a signatory to the ICSID Convention; and (iii) Rules of the International Chamber of Commerce.
The key laws governing FDI into Mozambique include: The Law on Investment (LI); the Regulation of the Investment Law (RIL), 2009; the Code of Fiscal Benefits for Investments (CFBI), 2009; and the CFBI’s accompanying regulations.
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Faizal Jusob (fjusob@cga.co.mz) is a partner at CGA in Mozambique.
