New Private Investment Law Close to Enactment

The new Private Investment Law (PIL) is in its final stages of preparation and is expected be made law in the near future.

It will be one of the most important new laws in Angola in 2011. The bill was subject to in-depth discussion in the Parliament and, from what is known, it establishes a set of rules that are broader and more detailed when compared to the provisions of the current Base Law on Private Investment (Law 11/03, of 13 May) which is still in force.