1. Welcome To Invest in Timor-Leste

2. Function of Trade Invest
Trade Invest operates under the State Secretary of Private Sector (SEAPRI) with authority to facilitate foreign investors and domestic (promotion, facilitation and coordination).
SEMINAR TENTANG KETENEGAKERJAAN DAN INVESTASI DI TIMOR LESTE, Garden Beach, 16 Fev 2013

3. TIMOR-LESTE Goverment Policy on Investment
Promotion
Stimulation
Special Agreement
Investment Guarantees
Promote Small and Medium Enterprises

4. INVESTMENT REGISTRATION PROCEDURES
Benefits
Time and Registration fee’s
Submit proposal to
AEI/Trade Invest
Accompany with :
Business Planning
Copy of passport CV
Bank Reference (international standard bank that exist in TL)
Company Statute
1 year previous balance sheet
Minute of share holder meeting to invest in TL
100%
Income tax
Sales Tax ( capital goods and equipment)
Service tax
Customs incentives
Urban area 5 years
Rural Area 8 years
Enclave 10 years
State property lease for 50 years
Processing time 30 days
Official fee USD2000
Granted the investment certificate
Limit 180 days to implement the investment
Extend to another 90 days
Cancel the investment certificate

5. INVESTMENT REGISTRATION PROCEDURES (Proposal and Investment capital)
Minimum Capital
Observation
Submit proposal to
AEI/Trade Invest ID
Objective, out put & target
Expected project location
Land concession expected
Investment amount estimation
Job creation estimation
Nature of company
Implementation timing
Estimate start deadline
Training foreseen
$1,5 M Foreign Direct Investment (FDI)
50,000 (Local
750,000 ( Joint Venture)
50% cash
10% cash
National control 75% of share

6. Investment Registration Process:
Investment Commission Ad Hoc, Tourism, Fisheries and Trade
IV. total time of 30 days I II
III
Submit Application
Trade Invest
Private Investment Commission
Registration fee $2,000
Received Certificate
Permanent Investment Commission members, Labor, Taxation, Trade Invest, Immigration Environment Land and Customs.

7. Example: Tax Payment Receipt and Investment Certificate

8. Investment Guarantees
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
International Convention for Settlement of Investment Disputes - ICSID

9. Special Investment Agreement
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)

10. Liability of Investors
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.

11. DEVELOPMENT PLAN

12. INVESTMENT OPPORTUNITIES
Strategic Development Plan
GAS
OIL
ONSHORE
OFFSHORE
AGRO
INDUSTRY
COFFEE
CEREALS
FORESTRY
LIVESTOCK
TIMBER
CATTLE

13. INVESTMENT OPPORTUNITIES
Strategic Development Plan
FISHERIES
COMMERCIAL
EXPORT
TOURISM
TREKING
SEA
ENERGY
SOLAR
WIND

14. INVESTMENT OPPORTUNITIES
Strategic Development Plan
INFRASTRUCTURE
ROADS
BRIDGES
CIVIL CONSTRUCTION
BRIDGES
HOUSING
TRANSPORT
AIRPORTS
PORTS

15. Obrigado Barak... Thank You...
Trade Invest – AEI