Discusses the legal requirements/options for joint venture/licensing in this market.

Joint ventures are encouraged under the new investment law for the following industries:  1) electricity and water, 2) tourism and hospitality, 3) transportation and logistics, 4) telecommunications and information technology, 5) construction, and 6) media.  However, the local partner requirement is no longer compulsory. Foreign investors often find that a local Angolan partner who contributes financially and substantively to the company helps in doing business; however, only a small pool of Angolan companies meets these criteria. A number of foreign investors operate successfully in Angola without a local partner.

The “Investment Climate” section of this report provides details regarding the regulations and procedures related to direct investment in Angola.
 

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