The Finance Minister was speaking at a webinar organized by the Chamber of Commerce and Industry Angola-United Arab Emirates (CACIANGEAU) under the motto "Expand your business to Angola".
In view of the specific interest of Arab private investors in bringing their investment and job generation capacity to Angola, the minister said that the fundamental basis for the negotiation and signing of the Double Taxation Agreement (ADT), between the two Governments, was the increase in foreign investment, which, in addition to the consequent increase in revenue in the medium to long term, may bring benefits, such as the growth of the economy, transfer of knowledge and skills, construction of infrastructure, increase in employment and level populations' living conditions.
According to Vera Daves de Sousa, cited by the Ministry of Finance portal, the recent evolution of the business environment in Angola, in relation to the modernization of the legal framework applicable to private investment and the moralization and anti-corruption measures, have generated for the country, in 2019, a balance in the order of 750 million dollars, "in addition to the continuous commitment to improving infrastructure and reducing context costs".
Minerals and ores are in the category of goods that Angola exports the most to the UAE. According to the official, the Double Taxation Agreement negotiated between the two countries can significantly improve both trade relations and private direct investment.
"Another way in which we hope to be able to count on the involvement of UAE entrepreneurs is portfolio investment. We are preparing a number of companies, some directly owned by the State, banking, diamonds and oil, for the opening of their capital on our stock exchange. of Values ", he stressed.
Vera Daves also highlighted the participation of the international operator DP World Limited in the tender for the concession to manage the Multiusos Terminal of the Port of Luanda. "These are true references for the type of private investment we want and we are trying to boost it," he said.
It is recalled that the governments of Angola and the United Arab Emirates (UAE) ratified, in August this year, the convention to avoid double taxation and tax evasion, which aims to prevent businessmen from paying taxes in both countries and escaping the tax authorities. .
The Angola-UAE Chamber of Commerce and Industry is an organization dedicated exclusively to the promotion of investments and the development of trade between both countries.
