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Centro de Promoção de Investimentos Main Characteristics of the Investment Climate Mozambique Paris 03 OCT 2003.

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Presentation on theme: "Centro de Promoção de Investimentos Main Characteristics of the Investment Climate Mozambique Paris 03 OCT 2003."— Presentation transcript:

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2 Centro de Promoção de Investimentos Main Characteristics of the Investment Climate Mozambique Paris 03 OCT 2003

3 Centro de Promoção de Investimentos CPI offers a package of services and support to local and foreign investors who wish to invest in Mozambique.

4 Centro de Promoção de Investimentos Population: 17.2 million Bordering 6 Countries Area: 799,380 Km km of coast Urbanisation Rate: 29% Over 60 Rivers and Lakes Official Language: Portuguese English is Widely Spoken Facts & Figures

5 Centro de Promoção de Investimentos Foreign Trade*** Exports US$ 703 million Imports US$ million ***) - INE Statistics, utilities and services

6 Centro de Promoção de Investimentos Main Export Products Aluminium,Tobacco,Citrus,Coal,Electricity,Cashew nuts, prawns, lobsters, cotton and wood. Main Import Products Transport & electrical equipment, machinery,food products, petroleum products and cereals. Statistics, utilities and services

7 Centro de Promoção de Investimentos Main Export Markets Spain, South Africa, USA, Japan, Portugal, Malawi,Zimbabwe,India, U.K. Main Import origins South Africa, Portugal, USA, Japan, India e France Statistics, utilities and services

8 Centro de Promoção de Investimentos Statistics, Utilities And Services Statistics, Utilities And Services Macroeconomic Indicators

9 Centro de Promoção de Investimentos Statistics, Utilities And Services Macroeconomic Indicators

10 Centro de Promoção de Investimentos Economic growth in Africa was dismal in 2002 (at 3.2 %) –The best performers were Mozambique, Rwanda and Uganda, whose economies grew by 12%, 9.9% and 6.2% respectively –Mozambique managed to attract $518m in FDI in 2001 –In the past decade, Mozambican incomes have nearly doubled.

11 Centro de Promoção de Investimentos Known as the "gateway to Southern Africa –Macro-economic stability and a political environment conducive to investment. –Massive rehabilitation programme of port and other infra-structural facilities –No exchange controls on the repatriation of profits –Ability to hold foreign currency accounts –Established Export Processing Zones –A large and dedicated labour force available at highly competitive rates

12 Centro de Promoção de Investimentos

13 DYNAMIC OF FDI

14 Centro de Promoção de Investimentos Inward FDI Performance Index RankEconomyValue Value Singapore Guyana Vietnam Kazakhstan Finland Mozambique Bulgaria United Kingdom3.31.8

15 Centro de Promoção de Investimentos DYNAMIC OF FDI

16 Centro de Promoção de Investimentos DYNAMIC OF FDI

17 Centro de Promoção de Investimentos The Mozambican Government welcomes FDI in the following industries –Manufacturing –Mineral Exploration and Processing –Tourism –Fishing and Aqua-culture –Construction –Forestry Investment Priorities

18 Centro de Promoção de Investimentos Investment opportunities Agriculture, Agribusiness & Livestock Industry, Forestry & Mining Manufacturing & Power Generation Oil & Gas Tourism & Hunting Transport & Communication Banking & Insurance Industrial Free Zones

19 Centro de Promoção de Investimentos Investment Guarantees The security and legal protection of property, rights and other assets; Unrestricted import and repayment of loan and equity investment capital; Repatriation of dividends, profits and capital; Liberalized banking and foreign exchange; Investment dispute resolution under ICC or ICSID arbitration Investment risk insurance under MIGA and OPIC facilities.

20 Centro de Promoção de Investimentos LILONGWE Salima Lichinga Mandimba Cuamba Malema Nampula MOZAMBIQUE NACALA BLANTYRE Tete Nacala Development Corridor Lilongwe-Nacala Railway Upgrade (~US$250 mn) Nacala Free Port Moma Mineral Sands (~US$100 mn) Tourism Agrobusi ness

21 Centro de Promoção de Investimentos PORT PROJECTS HOT IRON BRIQUETTED PLANT TOURISM PROJECTS TOURISM PROJECTS FERTILISER & EXPLOSIVES PLANT FERTILISER & EXPLOSIVES PLANT INDUSTRIAL PARKS SUGAR PROJECTS FORESTRY PROJECTS FORESTRY PROJECTS CHROMITE BASED PROJECTS CHROMITE BASED PROJECTS ENERGY PROJECTS ENERGY PROJECTS GAS BASED CHEMICAL POSSIBILITIES (methanol GAS BASED CHEMICAL POSSIBILITIES (methanol Synfuel Plant diesel/petrol/waxes Synfuel Plant diesel/petrol/waxes ASSORTED MANUFACTURING PROJECTS ASSORTED MANUFACTURING PROJECTS INFRASTRUCTURE Road, Rail, Electrity, Pipelines, Telecoms INFRASTRUCTURE Road, Rail, Electrity, Pipelines, Telecoms BEIRA Development Corridor

22 Centro de Promoção de Investimentos Maravia Zumba Chifunde Macanga Angonia Tsangano Chiuta Magoe Cahora Bassa Changara Guro Moatize Tambara Mutarara Chemba Mocassa Barue Marigue Gorongosa Caia Morrumbala Milange Mocuba Lugela Maganja da Costa Mopeia Chinde Nicoadala Namacurra Quelimane Inhassunge Pebane Marromeu Cheringoma Muanza Dondo Buzi Nhamatanda Gondola Manica Sussundenga S O F A L A M A L A W I T E Z I M B A B W E M A N I C A Z A M B E Z I A BEIRA DONDO CHIMOIO MANICA HARARE CATANDICA GURO LUENDA CHINDE MUANZA INHAMINGA CAIA VILA DE SENA CHEMBA GORONGOSA QUELIMANE PEBANE MAGANJA DA COSTA NANTENAMACURRA LUGELA NICOADALA MILANGE MORRUMBALA MOATIZE TETE PANDA UNCUA FURANCUNGO TSANGANO ULONGUE FINGOE CHIPERA MPHENDA SONGO CHITIMA MUTARE Zambezi Valley SDI Moatize(~US$ 500 mn) Coke by rail to Beira Coal Terminal (Savane) Thermal Station (~US$ 1bn) Mpanda Uncua 1.2 GW Cahora Bassa - 2 GW Sena SugarForestryMutarara-1.2 GWPeasant Agriculture Sena Line rehabilitation: Beira-Moatize Km Inhamitanga-Marromeu-88 Km D. Ana -Vila Nova Fteira-44 Km Cost ~342 M US$

23 Centro de Promoção de Investimentos Natural Gas Pipeline Sishen BEIRA Maputo (Mozal, MISP) Field Dev., Power Station, Transmission ~US$ 2 bn Pipeline ~US$ 900 mn Kudu Mossgas Pande/Temane Dev. & pipeline ~US$ 1bn Richards Bay Durban Gas-based investment projects Cape Town Power Station, ~US$ bn

24 Centro de Promoção de Investimentos KRUGER NATIONAL PARK LIMPOPO VALLEY BANHINE NATIONAL PARK ZINAVE NATIONAL PARK GONAREZHOU NATIONAL PARK Limpopo SDI Chibuto Corridor Sands USD 1 bl

25 Centro de Promoção de Investimentos KRUGER NATIONAL PARK LIMPOPO VALLEY BANHINE NATIONAL PARK ZINAVE NATIONAL PARK GONAREZHOU NATIONAL PARK LIMPOPO PARK

26 Centro de Promoção de Investimentos Treaties and Bilateral Agreements New York Convention on the Recognition and Enforcement of Foreign Arbitral Awards Cotonou Agreement Investment Protection Conventions Alger, Denmark, Egypt, France, Germany, Nederlands, OPIC, Indonesia, Italy, Mauritius, Peoples Republic of China,Cuba, Portugal, South Africa,Sweden, Switzerland, USA and Zimbabwe Double Taxation Treaties Portugal, Mauritius, Italy and United Arab Emirates Investment Guarantees

27 Centro de Promoção de Investimentos Investment Incentives General Benefits: Exemption from import duties on goods in customs tariff class K; Exemption on Stamp duty on company incorporation; 50% Reduction on the rate of real property transfer (SISA); Investment tax credit varying from 5% to 15% of total investment ; Deductible expenditure on advanced technology, professional training and construction of infrastructures of public utility; Accelerated depreciation;

28 Centro de Promoção de Investimentos Investment Incentives Special Fiscal Benefits (Rapid Development Zones): Exemption from import duties on goods in customs tariff class K and I; Exemption on Stamp duty on company incorporation; Exemption from real property transfer (SISA); Investment tax credit varying from 20% of total investment ; Deductible expenditure on advanced technology, professional training and construction of infrastructures of public utility; Accelerated depreciation (2 times the normal rate);

29 Centro de Promoção de Investimentos Investment Incentives Special Fiscal Benefits (Agriculture): Exemption from import duties on goods in customs tariff class K; Exemption on Stamp duty on company incorporation; 50% Reduction on the rate of real property transfer (SISA); 80% reduction in corporate tax; Deductible expenditure on advanced technology, professional training and construction of infrastructures of public utility; Accelerated depreciation (2 times of normal rate);

30 Centro de Promoção de Investimentos Investment Incentives Special Fiscal Benefits (Hotel and Tourism): Exemption from import duties on goods in customs tariff class K; Exemption on Stamp duty on company incorporation; 50% Reduction on the rate of real property transfer (SISA); Investment tax credit varying from 8% to 18% of total investment ; Deductible expenditure on advanced technology, professional training and construction of infrastructures of public utility; Accelerated depreciation (3 times normal rate);

31 Centro de Promoção de Investimentos Investment Incentives Special Fiscal Benefits (Large Scale projects-over US$ 500million): Exemption from import duties on goods in customs tariff class K; Exemption on Stamp duty on company incorporation; 50% Reduction on the rate of real property transfer (SISA); Investment tax credit varying from 5% to 30% of total investment ; Deductible expenditure on advanced technology, professional training and construction of infrastructures of public utility; Accelerated depreciation (2 times normal rate);

32 Centro de Promoção de Investimentos Investment Incentives Special Fiscal Benefits (Industrial Free Zones): Exemption from import duties, Value Added Tax, and Specific Consumption Tax on all construction material, machinery equipment and goods for the project; Exemption on Stamp duty on company incorporation; Exemption on real property transfer (SISA); 60% reduction on income tax To qualify the company should export a minimum of 85% and create jobs for Mozambican nationals

33 Centro de Promoção de Investimentos Investment Promotion Centre The Investment Promotion Centre - CPI, has the mandate to: promote and facilitate national and foreign investment in Mozambique; operates as a one stop-shop; receive and registration of investment project proposals; facilitate the concession of fiscal and customs incentives; identify potential partners for joint-ventures; identify and disseminate investment opportunities ; provide institutional assistance to investors in the implementation and exploration of investment projects.

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