Article written by Rym Loucif, Founding Partner of Loucif & Co, Algeria
On 28 July 2022, a new Investment Law No. 22-18 of 24 July 2022 (the “Law 22-18″) was published in the Journal Officiel.
8 regulations implementing Law 22-18 were published in the Official Journal on 18 September 2022.
The key points of the implementing regulations can be summarised as follows:
Publication of most of the new investment law application texts (Law 22-18).
Installation of a High Commission responsible for ruling on appeals lodged by investors considering they have been disadvantaged under Law 22-18.
Creation of an electronic platform to guide and accompany investors.
Creation of a one-stop shop with national competence dedicated to foreign investments and major projects.
The minimum threshold for benefiting from the transfer guarantee is calculated based on the share of foreign financing incumbent on investors in the total investment cost and is set at 25% of the investment amount.
Projects creating at least 500 jobs and worth at least DZD 10 billion (approx. EUR 75 million) benefit from the favourable regime for “structuring investments”
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