In today’s world, it is not enough to gain and accumulate money – it must be wisely used and invested. We would therefore like to present several options that open up new perspectives for foreign investors. Please take a few moments to consider the possibilities offered by the dynamically growing economies of some African countries, especially Angola and Mozambique, and the attractive market of Georgia in the South Caucasus.
DESTINATION ⇒ AFRICA
Investment in Africa has recently become a new trend in the development of Polish companies. The government of Poland offers support for companies that invest in and trade with African countries. The Ministry of Economy and the Ministry of Foreign Affairs have launched an initiative called Go Africa, which provides basic information about some African countries that are included in the programme. At present, the following countries are included in it: Algeria, Nigeria, Kenya, Angola, Mozambique, and RSA.
More information about the programme can be found at:
http://www.goafrica.gov.pl/
INVESTING IN ANGOLA
Angola lies in south-western Africa on the Atlantic Ocean and is bordered by the Democratic Republic of the Congo, Namibia, the Republic of the Congo, and Zambia. It is a member of the African Union. Angola used to be a Portuguese colony, and it has a wealth of natural resources such as diamonds and oil.
Why is it worth investing in Angola?
According to the data of the International Monetary Fund, between 2001 and 2010 Angola was the fastest growing economy in the world (among countries with a population of over 10 million people), with average annual GDP growth of 11.1%. The rich deposits of natural resources, especially oil, positively influence the growth dynamics of many industries (Angola has been a member of the OPEC since 2006, and crude oil extraction yields 85% of its GDP). The local production is often unable to satisfy the needs of the local market, which makes Angola an extremely absorptive market in terms of hosting and importing various investments.
Angola is currently one of the richest countries in Africa. Its capital Luanda is considered one of the most expensive cities in the world. Angolan funds are coming in in huge amounts to Europe, mainly to Portugal (for example, the biggest shareholder of the Portuguese Millenium Bank, with equity of about 20%, is an Angolan company). In the 1970s and 1980s, cooperation between Poland and Angola flourished. Many members of today’s Angolan elites studied in Poland at that time while Polish engineers and doctors came to work in Angola. As a result, Poland enjoys a fine reputation in Angola, and this fact is worth taking advantage of.
Angola has the following tax rates: CIT – 35%, PIT – 17%, VAT – 10%.
Some basic information about investing in Angola can be found at the previously mentioned website of the Polish government’s programme Go Africa:
http://www.goafrica.gov.pl/Angola/informacje_ogolne
Using our experience and active support for investing in Angola, you can begin business activity in this attractive market. Please contact us for more detailed information on investing in Angola.
INVESTING IN MOZAMBIQUE
We would like to present you the opportunity of investing in one of the fastest-growing African countries, which is currently experiencing a great economic boom. Mozambique was a Portuguese overseas territory and nowadays it offers attractive conditions of investing in economic sectors that portend well for the future.
Mozambique Mozambique is a country in south-eastern Africa on the coast of the Indian Ocean, with a coastline of almost 2,500 km. Until 1975 it was an overseas province of Portugal whose big advantage was close proximity to Asia, especially India and the Middle East. Mozambique has rich deposits of natural resources, including gas, hard coal, marble, bentonite, bauxite, granite, and precious stones. The largest source of Mozambique’s revenue is the export of timber.
Mozambique is one of the fastest-growing countries in Africa. Its GDP growth in recent years has averaged 7-8%, and inflation oscillated at around 10%. Economic forecasts for the nearest future are highly optimistic, with growth average of about 8.4% in 2013 and 8% in 2014. According to the World Bank, by 2025 Mozambique will have become a middle-income developing country.
Megaprojects
"Megaprojects" are becoming increasingly important for the economy of Mozambique. They are foreign ventures focused on extracting natural resources, such as natural gas, coal and bauxite.
Why is it worth investing in Mozambique?
It has been noted that construction is the fastest-growing industry in Mozambique, and forecasts for this industry are extremely optimistic. It is predicted that in the nearest future Mozambique could become the largest construction site in Africa. There are more and more buildings being erected, and a large number of multimillion investment projects are being carried out.
Moreover, the government of Mozambique has taken a strategic decision to intensify work in the following sectors:
- development of transport infrastructure,
- energy sector,
- coal mining,
- financial services.
In view of the above, numerous European and American financial companies have opened their branches in Mozambique.
THE PERFECT PLACE TO INVEST YOU CAPITAL!
MOZAMBIQUE – HUGE SCALE DEVELOPMENT!
Mozambique has the following tax rates: CIT – 32%, PIT – 32%, VAT – 17%.
Some basic information about investing in Mozambique can be found at the previously mentioned website of the Polish government’s programme Go Africa:
http://www.goafrica.gov.pl/Mozambik/Informacje_ogolne
We are looking forward to sharing our expert knowledge of investing and doing business in Mozambique. With us, you can make a difference by investing in the most profitable sectors in the fastest-growing parts of the world. Please contact us for more details.
DESTINATION ⇒ ASIA
INVESTING IN GEORGIA
Georgia is a country in the South Caucasus in Asia, which covers a territory of 69,700 km2. It has access to the Black Sea and is bordered by Azerbaijan, Russia, Armenia and Turkey.
Since the 1990s, Georgia has actively used the aid provided by the International Monetary Fund and the World Bank to pass reforms intended to stimulate the economy and open the country to potential investors.
Georgia is a country where opportunities abound!
Georgia’s GDP growth in 2007 was 12%, and in 2010, just after the economic crisis, it reached 6.3%.
Georgia’s economy is based on the following industries:
- tourism (the number of visitors to Georgia is constantly growing, as is the tourist attractiveness of the country),
- agriculture (Georgia is a member of the WTO; in 2010 agriculture accounted for 8.4% of Georgia’s GDP),
- transport infrastructure (Georgia aspires to become a bridge between Europe and Asia, which necessitates investment in this sector),
- energy infrastructure (Georgia is a net exporter of electric energy, and its biggest buyers are Turkey, Russia, Armenia and Azerbaijan; more investments in green energy sources are planned),
- oil and gas distribution networks (the country serves the role of a transit corridor in this area; three investment projects worth 5 billion dollars have been launched to build pipelines for sending gas and oil from Central Asia to Western Europe),
- finance and insurance (thanks to a number of reforms, the insurance sector has become one of the fastest-growing parts of Georgia’s economy; foreign banks account for 77.4% of all banks functioning here),
- transport and logistics (very quick growth; in 2010, 35% of FDI was in this sector),
- ICT (69% of Georgians own a mobile phone, and the demand for Internet services is constantly growing, which results in a dynamic growth of this sector),
- energy (a number of investment projects in green technologies has been initiated in Georgia, which means that external support from more developed countries is necessary in this area),
- production (the creation of Free Industrial Zones improved the conditions for investing in pharmaceutical sector, metallurgy, construction, and the automotive industry),
- real estate (demand continues to exceed supply, and the prices of real estate in Georgia are still attractive for foreign investors).
How to register a company in Georgia?
In order to address the expectations of foreign investors, the registration procedures have been considerably simplified. The registration process at the Tax Control Office takes just one day. The rules and procedures are clear even for entrepreneurs who have never done business in the Georgian market. The amount of share capital depends solely on the founders because there are no legal requirements in this area. The forms of business organization are in fact analogous to Polish ones.
Why is it worth investing in Georgia?
- dynamic economic development,
- strategic location,
- liberal tax regime,
- low taxes and attractive incentives for investors (including three free industrial zones “Special Tax-free Regimes”),
- entrepreneur-friendly law,
- legal protection for investors,
- liberal labor code,
- well-educated labor force.
More information about investing in Georgia can be found at:
http://www.investingeorgia.org/?m=2
We offer comprehensive assistance in initiating and managing investment projects in Georgia. We have already gone through all the procedures and set up several businesses in this country. We have made sure it is worth it – we have verified the potential benefits and learned about the possible threats, and now we are willing to share our knowledge with you.
Please contact us for more details.