Algeria - how to get started!

Algeria is one of the North African countries that overlooks the Mediterranean Sea. It is also ranked 10th in terms of the largest countries in the world. Its location is distinguished between Morocco, Libya and Tunisia, which gives it a great economic advantage in addition to being an economic force due to large quantities of gas as well as having the second largest oil reserve in Africa and ranks 16th in the world of oil reserves. There are many oil companies, one of which is the largest in Africa, all of which make it one of the countries that many prefer (investors and employers) to set up their own projects but how this is done and what are the requirements to begin investment in Algeria.

Investors looking for the first step in Algeria for the right start of their investments so that their business is easy and they are not exposed to any failures or exceptional circumstances. Every investor can set up a private project in Algeria whether that person is resident in the state or not.

As a foreigner, the road is a slightly trickier one:

1. To establish a legal entity of its own and subject to Algerian law.

2. Be in company with a learned Algerian able to manage business documentation on your behalf - will also need an Algerian on the books for management

3. Make a registered business investment deposit, recognised by the Ministry of Trade & Investment

There are many areas for investors who have a lot of guarantees to protect them and protect their interests and money as they can transfer the capital invested or the resulting benefits. There are many international agreements that have been put in place to encourage and protect investments. Foreign investors and non-Algerian have the possibility of resorting to international arbitration in order to settle all disputes.

What are the requirements for investment in Algeria?

1. Obtaining investment permits and concession applications.

2. Preparing a list of documentation, notarised and ready for the project

3. Commercial records for company (if branch) and details of criminal record clearance

4. Ensure correct documentation for residency have already been completed

5. Discussions with local Algerian investment officials

There are many investments that can be made in Algeria, which are investments that do not need to be developed by the government.

Therefore, they enjoy some privileges such as reducing the percentage of customs rights on equipment imported from abroad, besides exempting the added tax on goods and services that fall within this field. There are some investments that need special development from the government, so they are also subject to certain benefits such as exemption from payment of transfer of property rights in matters related to real estate acquisitions. The tax on the profits for a period of ten years in addition to the exemption from the real estate tax on the facilities that belong to those investments.

Investment in Algeria has many different images and advantages. The investment desire in Algeria is very attractive and the government is providing a good climate and flexible laws that make it easier for investors to invest and inject money quickly into the Algerian market. If you would like to start new investments in Algeria, easily and does not require you to only meet all the conditions set and submitted to the concerned parties in Algeria and then you can start business in Algeria - reach out to us at Ghabco.