|
|
|
Dear Investor: We at the investors' services administration work to serve and protect you and facilitate your tasks with the accuracy and speed required…. We request that you consider the following: 1.Come by yourself to invest; supervise the project and get consultancies from specialists in investment 2.Do not sell the project, change its activities or sell its equipment until after completion and operation 3.Always consider reading the investment law and its executive rules and the basis and regulations which organize investment to advance with the investment process and play your role in the countries economic development 4.Your constant updating of the ministry through progress reports on the execution of the project, places you in the category of special projects and extends cooperation between you and the Ministry of Investment. Procedural steps for investment transactions : Application for a new license 1.Provide 2 copies of the technical and economic feasibility studies 2.A copy of the company registration and a certificate of establishment if the owner is a specified company 3.Fill in the form prepared for that purpose after paying an application fee of 15,800 dinars (fifteen thousand eight hundred dinars) 4.Pay the application fee 5.The study is then transferred to the concerned ministry to obtain the technical agreement for establishment of the project 6.Issue a primary consent to the project 7.Register a name for the project with the Delegate Commercial Registrar in the Ministry of Investment 8.Issue a final license for the project acceding with followed rules 9.Please submit an agency agreement authorized by a lawyer if the project is to be supervised by someone other than the owner or in the case of companies
Application for Activity Change Firstly: the conditions
Second: required documents
Third: the procedures
Addition of a production line to an existing project First: the conditions
Second: required documents
Third: procedures
Transfer of ownership First: the conditions
Second: required documents
Third: procedures
Forming or ending a partnership As long as the purpose of involving a new partner is fully executing the project then agreement to this will be issued after the following documents are submitted:
Mortgaging the project for finance First: the conditions
Second: required documents
Third: procedures
General rules First: cars and other transport means are not allowed except after the capital equipment is imported Second: the project is not granted a tax exemption for more than 10 years except after the project is proven a strategic one with a capital of 10 million dollars and a budget audited by a legal auditor Third: capital equipment has become an automatic concession with 0 customs and does not need any exemption Fourth: rehabilitating the industrial projects now enjoys a constant percentage for business profits which is 10% instead of 30%
|
About Ministry | About Sudan | Investment In Sudan | Investment Services |
© 2006 Ministry of Investment. All Rights Reserved |