Angola – Investment One-Stop Shop in Angola
The Investment One-Stop Shop (“OSS”) was recently set up in Angola through Presidential Decree 167/20, of 15 June 2020. The Executive Branch wanted to afford private investors easy and priority access to Public Administration services and concentrate those services to streamline and speed up the procedures required to implement investment projects and any investments subject …
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Equatorial Guinea – Automated System for Customs Data
The Automated System for Customs Data (ASYCUDA) has been adopted in Equatorial Guinea by means of Order No. 11/2020, of 30 April 2020, of the Minister of Finance, Economy and Planning.
Timor-Leste – Decree-Law on Onshore Petroleum Operations (May 2020)
The long-awaited regulations on Onshore Petroleum Operations has been approved by the Decree-Law 18/2020, of 13 May 2020 (“Onshore Regulations”).
Angola – New Foreign Exchange Regime for the Diamond Sector (June 2020)
The Angolan Central Bank (Banco Nacional de Angola – “BNA”) has enacted BNA Order 13/20, of 29 May 2020, establishing a new foreign exchange regime for the diamond sector (repealing BNA Order 2/03, of 28 February 2003, which established the foreign exchange regime for diamond producers and holders of other mineral rights).
Angola – New Governance Model for the Mining Sector (June 2020)
Presidential Decree no. 143/20, of 26 May, has approved the new Governance Model for the Mining Sector (the “Presidential Decree”). Pursuant to the Presidential Decree, the newly approved governance model aims to increase the efficiency of the sector by (i) the reduction of the State’s direct participation in mining activities and (ii) the optimization of …
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Equatorial Guinea – New Mining Legal Framework (June 2020)
Further to the entering into force of the new Mining Law, approved by Law 1/2019, of 29 November 2019 (“NML”), the Ministry of Mines and Hydrocarbons (“MMH”) has now enacted the Regulations for the Mining Operations (Regulations 1/2020, of 13 April 2020 – “RMO”).
Equatorial Guinea – New Regulations on Petroleum Operations
Last 15 June 2020, the Minister of Mines and Hydrocarbons has enacted the new regulations to the 2006 Hydrocarbons Law (“2006 HL”).
Regulations on Online Commercial Registration and Publications in Angola
Executive Decree 168/2020, of 1 June 2020, which approved the Regulations on Procedures for Online Promotion of Commercial Registration Acts and Publication of Acts related to Companies (“Regulation”) entered into force.
New Regulations on Civil Construction and Public Works, Works Planning, Works Inspection Activities
By means of Presidential Decree no. 146/20, of 27 May, the Angolan Executive has approved the new Regulations on Civil Construction and Public Works, Works Planning and Works Inspection Activities (the “Regulations”). The Regulations apply to all individuals or legal entities engaged in the carrying-out of civil construction and public works, works, works planning and inspection activities.
National Environmental Quality Program in Angola
The National Environmental Quality Program (Portuguese acronym: PNQA) was approved in Angola by Presidential Decree 138/20, of 19 May 2020. The act came into force on the same day.