Welcome To Invest in Timor-Leste

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

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

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

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

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.

Example: Tax Payment Receipt and Investment Certificate

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

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)

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.

DEVELOPMENT PLAN 2011 - 2030

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

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

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

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