Ver Angola


Investor visa granting time goes from 30 to three days

The time for granting an investor visa was reduced to a period of between three and five days maximum, compared to the previous 30 days. The measure came from a meeting between the president of the Board of Directors (PCA) of the Private Investment and Export Promotion Agency of Angola (AIPEX), Arlindo das Chagas Rangel, and the general director of the Migration and Foreigners Service, João António da Costa Dias, held last Wednesday.


In addition to the investor visa, the meeting also reached an agreement to reduce the period for granting work visas and residence permits.

"As a result of the understanding reached, the times for granting work visas and residence permits, requested under private investment, are also reduced for the same periods", informs AIPEX, in a statement to which VerAngola had access.

It is worth remembering that, until then, the investor visa, as well as other documents, were not granted within periods shorter than 30 days.

Thus, with this understanding, the note adds, the two entities "took a gigantic step" that places the country "on the same level as the countries most attractive to foreign investors".

"This initiative is inseparable from the process of debureaucratization and simplification underway in Angola that the Executive is carrying out with the aim of opening Angola to the world", says the statement, which also states that this process "gives special emphasis to the migration issue".

For AIPEX - which recalls that, last year, the country made tourist visas exempt for citizens from more than 90 countries - the reduction in the period for granting these authorizations "is a gigantic step towards attracting foreign investors and encouraging, promoting of economic growth, the creation of jobs and the diversification of the national economy", being "a direct response to the demands of the global market for faster and less bureaucratic processes".


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